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Financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2019
Financial assets and liabilities |
Schedule of financial assets |
|  | 2019 |  | 2018 |  | 2017
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  |  |  |  |  |  |  |  |
Jet fuel Asian call options |  | Ps. | — |  | Ps. | 48,199 |  | Ps. | 497,403
Jet fuel Zero-Cost collars |  |  | 133,567 |  |  | — |  |  | —
Foreign currency forward contracts |  |  | — |  |  | 14,241 |  |  | —
Interest rate cap |  |  | 2,695 |  |  | — |  |  | —
Total financial assets |  | Ps. | 136,262 |  | Ps. | 62,440 |  | Ps. | 497,403
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |  |  |  |
Current |  | Ps. | 133,567 |  | Ps. | 62,440 |  | Ps. | 497,403
Non-current |  | Ps. | 2,695 |  | Ps. | — |  | Ps. | —
Schedule of short-term and long-term debt |
|  |  | 2019 |  | 2018 |  | 2017
I. | Revolving line of credit with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, maturing on May 31, 2022, bearing annual interest rate at the three-month LIBOR plus a spread of 260 basis points. |  | Ps. | 3,308,509 |  | Ps. | 3,045,574 |  | Ps. | 2,528,388
II. | The Company issued in the Mexico market Asset backed trust notes (“CEBUR”), in Mexican pesos, maturing on June 20 th, 2024 bearing annual interest rate at TIIE 28 days plus 175 basis points. |  |  | 1,459,871 |  |  | — |  |  | —
III. | In December 2016, the Company entered into a short-term working capital facility with Banco Nacional de México S.A. (“Citibanamex”) in Mexican pesos, bearing annual interest rate at TIIE 28 days plus a 90 basis points. |  |  | — |  |  | 461,260 |  |  | 948,354
IV. | In December 2019, the Company entered into a short-term working capital facility with Banco Sabadell S.A., Institución de Banca Multiple (“Sabadell”) in Mexican pesos, bearing annual interest rate at TIIE 28 days plus a 120 basis points. |  |  | 200,000 |  |  | — |  |  | —
V. | Amortized transaction costs |  |  | (22,472) |  |  | — |  |  | —
VI. | Accrued interest and other financial cost |  |  | 30,061 |  |  | 16,364 |  |  | 5,972
|  |  |  | 4,975,969 |  |  | 3,523,198 |  |  | 3,482,714
Less: Short-term maturities |  |  | 2,086,017 |  |  | 1,212,259 |  |  | 2,403,562
Long-term |  | Ps. | 2,889,952 |  | Ps. | 2,310,939 |  | Ps. | 1,079,152
TIIE: Mexican interbank rate
Summary of scheduled principal payments of financial debt and accrued interest |
|  | 2020 |  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total
Santander/Bancomext |  | Ps. | 1,881,676 |  | Ps. | 1,428,534 |  | Ps. | 24,019 |  | Ps. | — |  | Ps. | — |  | Ps. | 3,334,229
CEBUR |  |  | 4,341 |  |  | 250,000 |  |  | 500,000 |  |  | 500,000 |  |  | 209,871 | (1) |  | 1,464,212
Banco Sabadell |  |  | 200,000 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 200,000
Total |  | Ps. | 2,086,017 |  | Ps. | 1,678,534 |  | Ps. | 524,019 |  | Ps. | 500,000 |  | Ps. | 209,871 |  | Ps. | 4,998,441
Schedule of changes in liabilities from financing activities |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December 31,
|  | 2019 |  | Flows |  | Interest |  | movement |  | and other |  | 2019
Current interest-bearing loans and borrowings |  | Ps. | 1,212,259 |  | Ps. | (633,609) |  | Ps. | 13,698 |  | Ps. | (41,173) |  | Ps. | 1,534,842 |  | Ps. | 2,086,017
Non-current interest -bearing loans and borrowings |  |  | 2,310,939 |  |  | 2,273,143 |  |  | — |  |  | (122,466) |  |  | (1,571,664) |  |  | 2,889,952
Total liabilities from financing activities |  | Ps. | 3,523,198 |  | Ps. | 1,639,534 |  | Ps. | 13,698 |  | Ps. | (163,639) |  | Ps. | (36,822) |  | Ps. | 4,975,969
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December 31,
|  | 2018 |  | Flows |  | Interest |  | movement |  | and other |  | 2018
Current interest-bearing loans and borrowings |  | Ps. | 2,403,562 |  | Ps. | (793,363) |  | Ps. | 10,392 |  | Ps. | 71,380 |  | Ps. | (479,712) |  | Ps. | 1,212,259
Non-current interest -bearing loans and borrowings |  |  | 1,079,152 |  |  | 808,620 |  |  | — |  |  | (56,945) |  |  | 480,112 |  |  | 2,310,939
Total liabilities from financing activities |  | Ps. | 3,482,714 |  | Ps. | 15,257 |  | Ps. | 10,392 |  | Ps. | 14,435 |  | Ps. | 400 |  | Ps. | 3,523,198
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December 31,
|  | 2017 |  | Flows |  | Interest |  | movement |  | and other |  | 2017
Current interest-bearing loans and borrowings |  | Ps. | 1,051,237 |  | Ps. | 419,350 |  | Ps. | (130) |  | Ps. | 25,924 |  | Ps. | 907,181 |  | Ps. | 2,403,562
Non-current interest - bearing loans and borrowings |  |  | 943,046 |  |  | 1,093,808 |  |  | — |  |  | (50,521) |  |  | (907,181) |  |  | 1,079,152
Total liabilities from financing activities |  | Ps. | 1,994,283 |  | Ps. | 1,513,158 |  | Ps. | (130) |  | Ps. | (24,597) |  | Ps. | — |  | Ps. | 3,482,714
Schedule of other financial liabilities |
|  | 2019 |  | 2018 |  | 2017
Derivative financial instruments designated as CFH (effective portion recognized within OCI): |  |  |  |  |  |  |  |  |
Zero-Cost Collar options |  | Ps. | — |  | Ps. | 122,948 |  | Ps. | —
Total financial liabilities |  | Ps. | — |  | Ps. | 122,948 |  | Ps. | —
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |  |  |  |
Current |  | Ps. | — |  | Ps. | 122,948 |  | Ps. | —
Non-current |  | Ps. | — |  | Ps. | — |  | Ps. | —

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