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Income tax (Tables)

12 Months Ended

Dec. 31, 2020

Income tax

Schedule of income tax in consolidated statements of operations

		2020			2019			2018
Current year income tax expense		Ps.	(90,609)		Ps.	(281,491)		Ps.	(232,824)
Deferred income tax benefit (expense)			1,496,793	(1)		(813,340)	(2)		582,644	(3)
Total income tax benefit (expense)		Ps.	1,406,184		Ps.	(1,094,831)		Ps.	349,820

(1)    Includes translation effect by Ps.2,035

(2)    Includes translation effect by Ps.(2,278)

(3)    Includes translation effect by Ps.2,680

Schedule of income tax in consolidated statements of OCI

		2020			2019			2018
Deferred income tax related to items recognized in OCI during the year
Net gain (loss) cash flow hedges		Ps.	46,835		Ps.	(74,820)		Ps.	85,107
Remeasurement (loss) gain of employee benefits			794			3,058			(1,797)
Deferred income tax charged to OCI		Ps.	47,629		Ps.	(71,762)		Ps.	83,310

Schedule of reconciliation of corporate income tax rate to effective tax rate

		2020		2019		2018
Statutory income tax rate		30.00	%	30.00	%	30.00	%
Amendment tax return effects and other tax adjustments		0.92	%	(0.51)	%	0.05	%
Inflation on furniture, intangible and equipment		0.29	%	(0.48)	%	2.08	%
Inflation of tax losses		0.23	%	(0.21)	%	1.16	%
Foreign countries difference with Mexican statutory rate		(0.06)	%	0.11	%	(0.02)	%
Annual inflation adjustment		(0.91)	%	(0.05)	%	0.26	%
Unrecorded deferred taxes on tax losses		(1.29)	%	0.27	%	(3.96)	%
Non-deductible expenses		(4.51)	%	0.19	%	(2.51)	%
		24.67	%	29.32	%	27.06	%

Schedule of consolidated deferred taxes

		2020						2019
		Consolidated			Consolidated			Consolidated			Consolidated
		statement of			statement of			statement of			statement of
		financial position			operations			financial position			operations
Deferred income tax assets:
Lease liability		Ps.	13,239,254		Ps.	1,084,140		Ps.	12,155,114		Ps.	313,137
Unearned transportation revenue			1,233,661			436,598			797,063			61,708
Extension lease agreement			773,443			314,100			459,343			(137,639)
Tax losses available for offsetting against future taxable income			576,422			272,452			303,970			(5,350)
Intangible			420,908			(25,941)			446,849			(13,741)
Allowance for doubtful accounts			61,565			47,476			14,089			9,187
Employee benefits			15,191			2,934			11,463			2,958
Financial instruments			7,948			(22)			(38,865)			—
Employee profit sharing			4,323			(2,904)			7,227			2,734
Provisions			(91,253)			(442,598)			351,345			60,655
Non derivative financial instruments			(473,242)			(477,471)			4,229			4,229
			15,768,220			1,208,764			14,511,827			297,878
Deferred income tax liabilities:
Right of use asset			10,292,753			55,824			10,236,929			672,311
Supplemental rent			1,878,865			171,916			1,706,949			111,430
Rotable spare parts, furniture and equipment, net			707,092			(177,384)			884,476			239,452
Inventories			83,402			(6,885)			90,287			1,392
Other prepayments			9,786			(17,942)			27,728			(4,329)
Prepaid expenses and other assets			(132,462)			(311,523)			179,061			88,683
			12,839,436			(285,994)			13,125,430			1,108,939
		Ps.	2,928,784		Ps.	1,494,758		Ps.	1,386,397		Ps.	(811,061)

Schedule of components of deferred taxes in the consolidated statement of financial position

		2020			2019
Deferred tax assets		Ps.	3,128,555		Ps.	1,542,536
Deferred tax liabilities			(199,771)			(156,139)
Deferred tax assets, net		Ps.	2,928,784		Ps.	1,386,397

Schedule of reconciliation of deferred tax liability, net

		2020			2019
Opening balance as of January 1,		Ps.	1,386,397		Ps.	2,269,220
Deferred income tax (expense) benefit during the current year recorded on profits			1,494,758			(811,061)
Deferred income tax (expense) benefit during the current year recorded in accumulated other comprehensive income (loss)			47,629			(71,762)
Closing balance as of December 31,		Ps.	2,928,784		Ps.	1,386,397

Schedule of available tax carry-forwards

An analysis of the available tax losses carry-forward of the Company at December 31, 2020 is as follows:

Year		Historical			Adjusted						Total remaining			Year of
of loss		loss			tax loss			Utilized			amount			expiration
2017		Ps.	1,067,836		Ps.	1,206,232		Ps.	217,393		Ps.	988,839		2027
2018			92,604			92,604			78,849			13,755		2021
2019			4,922			5,186			—			5,186		2029
2020			863,847			878,533			—			878,533		2030
2020			55,751			55,751			—			55,751		2023
		Ps.	2,084,960		Ps.	2,238,306		Ps.	296,242		Ps.	1,942,064

A breakdown of available tax loss carry-forward of Controladora and its subsidiaries at December 31, 2020 is as follows:

		Historical			Adjusted						Total
		loss			tax loss			Utilized			remaining amount
Comercializadora		Ps.	42,777		Ps.	43,685		Ps.	—		Ps.	43,685
Concesionaria			1,875,180			2,027,302			217,393			1,809,909
Operaciones Volaris			18,648			18,965			—			18,965
Vuela Aviación			148,355			148,354			78,849			69,505
		Ps.	2,084,960		Ps.	2,238,306		Ps.	296,242		Ps.	1,942,064
Unrecognized NOLs												20,657
											Ps.	1,921,407
Tax rate												30	%
Deferred income tax											Ps.	576,422

Schedule of tax balances

		2020
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”)		Ps.	4,607,752
CUFIN*			3,241,275

*The calculation comprises all the subsidiaries of the Company.

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The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]

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The disclosure of types of temporary differences, unused tax losses and unused tax credits. [Refer: Unused tax credits [member]; Unused tax losses [member]; Temporary differences [member]]

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