XML 92 R79.htm IDEA: XBRL DOCUMENT
v3.21.1

Fair value measurements - Loss gain from financial instruments (Details) $ in Thousands | 12 Months Ended |  |  |  |
--- | --- | --- | --- | --- | ---
Dec. 31, 2020 USD ($) $ / $ | Dec. 31, 2020 MXN ($) $ / $ | Dec. 31, 2019 MXN ($) $ / $ | Dec. 31, 2018 MXN ($) $ / $ | Apr. 29, 2021 $ / $ | Dec. 31, 2020 Q / $ | Dec. 31, 2020 ₡ / $ | Dec. 31, 2020 USD ($) | Dec. 31, 2019 Q / $ | Dec. 31, 2019 ₡ / $ | Dec. 31, 2019 USD ($) | Dec. 31, 2018 Q / $ | Dec. 31, 2018 ₡ / $
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | $ (1,306,557) | $ (67,629) | $ 455,009 |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income | $ (87,609,000) | $ (1,747,686) | $ 263,495 | $ (283,691) |  |  |  |  |  |  |  |  |
Exchange rate | 19.9487 | 19.9487 | 18.8452 | 19.6829 | 19.9785 | 7.8095 | 615.7800 | 19.9487 | 7.6988 | 573.4400 | 18.8452 | 7.7440 | 609.6100
Foreign currency forward contract |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income |  |  | $ (14,241) | $ 14,241 |  |  |  |  |  |  |  |  |
Jet fuel Asian call options contracts |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income |  | $ (11,993) | 11,148 | (174,984) |  |  |  |  |  |  |  |  |
Jet fuel Zero cost collars |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income |  | (143,224) | 256,515 | (122,948) |  |  |  |  |  |  |  |  |
Interest rate Cap |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income |  | (900) | (4,023) |  |  |  |  |  |  |  |  |  |
Non derivative financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Net (loss) gain on cash flow hedges recognized in consolidated statements of comprehensive income |  | (1,591,569) | 14,096 |  |  |  |  |  |  |  |  |  |
Fuel cost | Jet fuel Asian call options contracts |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | (20,646) | (61,069) | 402,493 |  |  |  |  |  |  |  |  |
Fuel cost | Jet fuel Zero cost collars |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | (835,884) | (9,477) |  |  |  |  |  |  |  |  |  |
Finance cost | Jet fuel Asian call options contracts |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | (12,981) |  |  |  |  |  |  |  |  |  |  |
Finance cost | Jet fuel Zero cost collars |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | (435,578) |  |  |  |  |  |  |  |  |  |  |
Finance cost | Interest rate Cap |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  | $ (1,468) | (1,282) |  |  |  |  |  |  |  |  |  |
Aircraft and engine rent expenses | Foreign currency forward contract |  |  |  |  |  |  |  |  |  |  |  |  |
gain (loss) on financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |
Loss from derivatives financial instruments recognized in consolidated statements of operations |  |  | $ 4,199 | $ 52,516 |  |  |  |  |  |  |  |  |

X
- Definition The spot exchange rate at the end of the reporting period. Exchange rate is the ratio of exchange for two currencies. Spot exchange rate is the exchange rate for immediate delivery. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 112 -Subparagraph c -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_112_c&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_ClosingForeignExchangeRate
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:decimalItemType
Balance Type: | na
Period Type: | instant

X
- Definition The gains (losses) resulting from change in the fair value of derivatives recognised in profit or loss. [Refer: Derivatives [member]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 85 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_85&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_GainsLossesOnChangeInFairValueOfDerivatives
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The amount of other comprehensive income, before tax, related to cash flow hedges. [Refer: Cash flow hedges [member]; Other comprehensive income, before tax] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 91 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_91_b&doctype=Standard -URIDate 2020-01-01 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 1 -IssueDate 2020-01-01 -Paragraph 7 -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2020-en-r&anchor=para_7&doctype=Standard -URIDate 2020-01-01 + Details
Name: | ifrs-full_OtherComprehensiveIncomeBeforeTaxCashFlowHedges
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition n/a + References No definition available. + Details
Name: | vlrs_DisclosureOfGainLossFromFinancialInstrumentsLineItems
Namespace Prefix: | vlrs_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | ifrs-full_HedgingInstrumentsAxis=ifrs-full_ForwardContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_OptionContractMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vlrs_JetFuelZeroCostCollarsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=vlrs_IfrsInterestRateCapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | ifrs-full_ClassesOfFinancialInstrumentsAxis=ifrs-full_DerivativesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | vlrs_IfrsIncomeStatementLocationAxis=vlrs_FuelExpenseMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | vlrs_IfrsIncomeStatementLocationAxis=vlrs_FinanceCostMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | vlrs_IfrsIncomeStatementLocationAxis=vlrs_AircraftAndEngineRentExpensesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |