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Financial assets and liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Financial assets and liabilities |
Schedule of financial assets |
|  | 2020 |  | 2019
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  |  |  |  |  |
Jet fuel Asian call options |  | Ps. | 206 |  | Ps. | —
Jet fuel Zero-Cost collars |  |  | — |  |  | 133,567
Interest rate cap |  |  | 326 |  |  | 2,695
Total financial assets |  | Ps. | 532 |  | Ps. | 136,262
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |
Current |  | Ps. | 206 |  | Ps. | 133,567
Non-current |  | Ps. | 326 |  | Ps. | 2,695
Schedule of short-term and long-term debt |
|  |  | 2020 |  | 2019
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 October 31, 2022, bearing annual interest rate at the three-month LIBOR plus a spread of 260 basis points. |  | Ps. | 3,650,612 |  | Ps. | 3,308,509
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. |  |  | 1,500,000 |  |  | 1,459,871
III. | 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 300 basis points. |  |  | 200,000 |  |  | 200,000
IV. | Amortized transaction costs |  |  | (15,542) |  |  | (22,472)
V. | Accrued interest and other financial cost |  |  | 19,563 |  |  | 30,061
|  |  |  | 5,354,633 |  |  | 4,975,969
Less: Short-term maturities |  |  | 1,558,884 |  |  | 2,086,017
Long-term |  | Ps. | 3,795,749 |  | Ps. | 2,889,952
TIIE: Mexican interbank rate
Summary of scheduled principal payments of financial debt and accrued interest |
|  | 2021 |  | 2022 |  | 2023 |  | 2024 |  | Total
Santander/Bancomext |  | Ps. | 1,112,629 |  | Ps. | 2,554,069 |  | Ps. | — |  | Ps. | — |  | Ps. | 3,666,698
CEBUR |  |  | 252,605 |  |  | 500,000 |  |  | 500,000 |  |  | 250,000 |  |  | 1,502,605
Banco Sabadell |  |  | 200,872 |  |  | — |  |  | — |  |  | — |  |  | 200,872
Total |  | Ps. | 1,566,106 |  | Ps. | 3,054,069 |  | Ps. | 500,000 |  | Ps. | 250,000 |  | Ps. | 5,370,175
Schedule of changes in liabilities from financing activities |
|  |  |  |  |  |  |  |  |  |  | Foreign |  | Current vs non- |  |  |  |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | exchange |  | current |  |  |  |  | December 31,
|  | 2020 |  | Flows |  | Interest |  | movement |  | reclassification |  | Other |  | 2020
Current interest-bearing loans and borrowings |  | Ps. | 2,086,017 |  | Ps. | (1,231,695) |  | Ps. | (10,498) |  | Ps. | (32,491) |  | Ps. | 747,551 |  | Ps. | - |  | Ps. | 1,558,884
Non-current interest -bearing loans and borrowings |  |  | 2,889,952 |  |  | 1,374,678 |  |  | — |  |  | 231,612 |  |  | (747,551) |  |  | 47,058 |  |  | 3,795,749
Total liabilities from financing activities |  | Ps. | 4,975,969 |  | Ps. | 142,983 |  | Ps. | (10,498) |  | Ps. | 199,121 |  | Ps. | - |  | Ps. | 47,058 |  | Ps. | 5,354,633
|  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |  |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | current |  |  |  |  | December 31,
|  | 2019 |  | Flows |  | Interest |  | movement |  | reclassification |  | 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. | - |  | Ps. | 2,086,017
Non-current interest -bearing loans and borrowings |  |  | 2,310,939 |  |  | 2,273,143 |  |  | — |  |  | (122,466) |  |  | (1,534,842) |  |  | (36,822) |  |  | 2,889,952
Total liabilities from financing activities |  | Ps. | 3,523,198 |  | Ps. | 1,639,534 |  | Ps. | 13,698 |  | Ps. | (163,639) |  | Ps. | - |  | Ps. | (36,822) |  | Ps. | 4,975,969
Schedule of other financial liabilities |
|  | 2020 |  | 2019
Derivative financial instruments designated as CFH (effective portion recognized within OCI): |  |  |  |  |  |
Zero-Cost Collar options |  | Ps. | 9,657 |  | Ps. | —
Total financial liabilities |  | Ps. | 9,657 |  | Ps. | —
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |
Current |  | Ps. | 9,657 |  | Ps. | —
Non-current |  | Ps. | — |  | Ps. | —

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