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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 20th, 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.	—