XML 66 R81.htm IDEA: XBRL DOCUMENT v3.20.1

Financial assets and liabilities - Aircraft financing and Notes (Details) $ in Thousands		12 Months Ended
	Jun. 20, 2019 MXN ($) item	Dec. 31, 2019 MXN ($) aircraft	Dec. 31, 2018 MXN ($) aircraft	Dec. 31, 2017 MXN ($) aircraft	Dec. 31, 2016 MXN ($)
Aircraft financing
Number of aircraft incorporated to fleet | aircraft		7	10	5
Notes issued	$ 1,500,000
Authorized amount under the program	$ 3,000,000
Maturity of notes	5 years
Financial liabilities		$ 4,975,969	$ 3,523,198	$ 3,482,714	$ 1,994,283
Revolving line of credit
Aircraft financing
Basis points		2.60%	2.60%	2.60%
Financial liabilities		$ 3,334,229
Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Number of notes issued | item	15,000,000
Maturity of notes	5 years
Basis points	1.75%
Financial liabilities		1,464,212
Short-term working capital facility with Banco Sabadell S.A.
Aircraft financing
Financial liabilities		200,000
Within one year
Aircraft financing
Financial liabilities		2,086,017
Within one year | Revolving line of credit
Aircraft financing
Financial liabilities		1,881,676
Within one year | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Financial liabilities		4,341
Within one year | Short-term working capital facility with Banco Sabadell S.A.
Aircraft financing
Financial liabilities		200,000
Between one year and two years
Aircraft financing
Financial liabilities		1,678,534
Between one year and two years | Revolving line of credit
Aircraft financing
Financial liabilities		1,428,534
Between one year and two years | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Financial liabilities		250,000
Between two and three years
Aircraft financing
Financial liabilities		524,019
Between two and three years | Revolving line of credit
Aircraft financing
Financial liabilities		24,019
Between two and three years | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Financial liabilities		500,000
Between three and four years
Aircraft financing
Financial liabilities		500,000
Between three and four years | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Financial liabilities		500,000
Between four and five years
Aircraft financing
Financial liabilities		209,871
Between four and five years | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Financial liabilities		$ 209,871
28-day TIIE
Aircraft financing
Basis points		1.20%
Debt service coverage ratio prior computation period of debt service		6 months
Consecutive days for event of retention		90 days
Joint obligor as percentage of EBITDA		85.00%
28-day TIIE | Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Basis points		1.75%
28-day TIIE | Short-term working capital facility with Banco Sabadell S.A.
Aircraft financing
Basis points		1.20%
28-day TIIE | Minimum
Aircraft financing
Debt service coverage ratio		1.75
28-day TIIE | Maximum
Aircraft financing
Basis points		10.00%
Debt service coverage ratio		2.5

X

- Definition

The amount of outstanding funds that the entity is obligated to repay.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2019-01-01
-Paragraph 55
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_55&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_Borrowings
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2019-01-01
-Paragraph 7
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_7&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_BorrowingsAdjustmentToInterestRateBasis
Namespace Prefix:	ifrs-full_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2019-01-01
-Paragraph 25
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2019-en-r&anchor=para_25&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_FinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2019-01-01
-Paragraph 112
-Subparagraph c
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2019-en-r&anchor=para_112_c&doctype=Standard
-URIDate 2019-03-27

+ Details

Name:	ifrs-full_NotionalAmount
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Represents the period for maturity of notes.

+ References

No definition available.

+ Details

Name:	vlrs_BorrowingsMaturityTerm
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the consecutive days for event of retention.

+ References

No definition available.

+ Details

Name:	vlrs_ConsecutiveDaysForEventOfRetention
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the debt service coverage ratio.

+ References

No definition available.

+ Details

Name:	vlrs_DebtServiceCoverageRatio
Namespace Prefix:	vlrs_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the debt service coverage ratio prior computation period of debt service.

+ References

No definition available.

+ Details

Name:	vlrs_DebtServiceCoverageRatioPriorComputationPeriodOfDebtService
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

n/a

+ References

No definition available.

+ Details

Name:	vlrs_DisclosureOfFinancingOfPreDeliveryPaymentsLineItems
Namespace Prefix:	vlrs_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the joint obligor as percentage of EBITDA.

+ References

No definition available.

+ Details

Name:	vlrs_JointObligorAsPercentageOfEbitda
Namespace Prefix:	vlrs_
Data Type:	num:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The number of aircraft added to fleet.

+ References

No definition available.

+ Details

Name:	vlrs_NumberOfAircraftAddedToFleet
Namespace Prefix:	vlrs_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the number of notes issued.

+ References

No definition available.

+ Details

Name:	vlrs_NumberOfNotesIssued
Namespace Prefix:	vlrs_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_RevolvingLineOfCreditMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_AssetBackedTrustNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_ShortTermWorkingCapitalFacilityWithBancoSabadellS.a.Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MaturityAxis=ifrs-full_NotLaterThanOneYearMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MaturityAxis=ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MaturityAxis=ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MaturityAxis=ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MaturityAxis=ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_TwentyEightDayEquilibriumInterbankInterestRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: