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Fair value measurements (Tables) | 12 Months Ended
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Dec. 31, 2021
Fair value measurements |
Schedule of carrying amounts and fair values of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying amount | ​ | Fair value
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ |  | 2021 |  | 2020 |  | 2021 |  | 2020
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial instruments | ​ | Ps. | 28,771 | ​ | Ps. | 532 | ​ | Ps. | 28,771 | ​ | Ps. | 532
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Financial debt (Interest-bearing loans and borrowings) | ​ |  | (6,285,649) | ​ |  | (5,350,612) | ​ |  | (6,234,241) | ​ |  | (5,527,332)
Derivative financial instruments | ​ |  | — | ​ |  | (9,657) | ​ |  | — | ​ |  | (9,657)
Total | ​ | Ps. | (6,256,878) | ​ | Ps. | (5,359,737) | ​ | Ps. | (6,205,470) | ​ | Ps. | (5,536,457)
​ The following table summarizes the fair value measurements on December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair value measurement
​ |  | Quoted prices |  | Significant |  | Significant |  | ​
​ | ​ | in active | ​ | observable | ​ | unobservable | ​ | ​
​ | ​ | markets | ​ | inputs | ​ | inputs | ​ | ​
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives financial instruments: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest rate Caps | ​ | Ps. | — | ​ | Ps. | 28,771 | ​ | Ps. | — | ​ | Ps. | 28,771
Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Liabilities for which fair values are disclosed: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest-bearing loans and borrowings** | ​ |  | — | ​ |  | (6,234,241) | ​ |  | — | ​ |  | (6,234,241)
Net | ​ | Ps. | — | ​ | Ps. | (6,205,470) | ​ | Ps. | — | ​ | Ps. | (6,205,470)
** LIBOR, SOFR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt. There were no transfers between level 1 and level 2 during the period. The following table summarizes the fair value measurements on December 31, 2020:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair value measurement
​ |  | Quoted prices |  | Significant |  | Significant |  | ​ |
​ | ​ | in active | ​ | observable | ​ | unobservable | ​ | ​ |
​ | ​ | markets | ​ | inputs | ​ | inputs | ​ | ​ |
​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Derivatives financial instruments: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Jet fuel Asian call options contracts* |  | Ps. | — |  | Ps. | 206 |  | Ps. | — |  | Ps. | 206
Interest rate Caps |  | ​ | — |  | ​ | 326 |  | ​ | — |  | ​ | 326
Liabilities |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Derivatives financial instruments:Jet fuel Asian Zero-Cost collars options contracts* | ​ | ​ | — | ​ | ​ | (9,657) | ​ | ​ | — | ​ | ​ | (9,657)
Liabilities for which fair values are disclosed: |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Interest-bearing loans and borrowings** |  | ​ | — |  | ​ | (5,527,332) |  | ​ | — |  | ​ | (5,527,332)
Net |  | Ps. | — |  | Ps. | (5,536,457) |  | Ps. | — |  | Ps. | (5,536,457)
* Jet fuel forwards levels and LIBOR curve. ** LIBOR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt. There were no transfers between level 1 and level 2 during the period.
Schedule of (loss) gain on derivatives recognized in consolidated statements of operations and comprehensive income | The following table summarizes the losses from derivatives financial instruments recognized in the consolidated statements of operations for the years ended December 31, 2021, 2020 and 2019:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | Financial statements line |  | 2021 |  | 2020 |  | 2019
Jet fuel Asian call options contracts |  | Fuel | ​ | Ps. | (12,577) | ​ | Ps. | (20,646) | ​ | Ps. | (61,069)
Jet fuel Zero-Cost collars contracts |  | Fuel | ​ | ​ | — | ​ | ​ | (835,884) | ​ | ​ | (9,477)
Jet fuel Asian call options contracts | ​ | Finance cost | ​ | ​ | — | ​ | ​ | (12,981) | ​ | ​ | —
Jet fuel Zero-Cost collars contracts | ​ | Finance cost | ​ | ​ | — | ​ | ​ | (435,578) | ​ | ​ | —
Foreign currency forward | ​ | Aircraft and engine rent expenses | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,199
Interest rate cap | ​ | Finance cost | ​ | ​ | (1,443) | ​ | ​ | (1,468) | ​ | ​ | (1,282)
Total |  |  | ​ | Ps. | (14,020) | ​ | Ps. | (1,306,557) | ​ | Ps. | (67,629)
​ The following table summarizes the net gain (loss) on CFH before taxes recognized in the consolidated statements of comprehensive income for the years ended December 31, 2021, 2020 and 2019: Consolidated statements of other comprehensive income (loss)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Financial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | statements line |  | 2021 |  | 2020 |  | 2019
Jet fuel Asian call options contracts |  | OCI | ​ | Ps. | 11,997 | ​ | Ps. | (11,993) | ​ | Ps. | 11,148
Jet fuel Zero cost collars | ​ | OCI | ​ | ​ | 9,657 | ​ | ​ | (143,224) | ​ | ​ | 256,515
Foreign currency contracts |  | OCI | ​ |  | — | ​ |  | — | ​ |  | (14,241)
Interest rate cap | ​ | OCI | ​ | ​ | (2,800) | ​ | ​ | (900) | ​ | ​ | (4,023)
Non derivative financial instruments* | ​ | OCI | ​ | ​ | 1,577,473 | ​ | ​ | (1,591,569) | ​ | ​ | 14,096
Total |  | ​ | ​ | Ps. | 1,596,327 | ​ | Ps. | (1,747,686) | ​ | Ps. | 263,495
*As of December 31, 2021, includes the effect of the discontinuation of the hedging strategies by Ps.2,251,442 as described in note 3b (i).

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