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Income tax (Tables) | 12 Months Ended
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Dec. 31, 2021
Income tax |
Schedule of income tax in consolidated statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019 |
Current year income tax expense | ​ | Ps. | (347,803) | ​ | Ps. | (90,609) | ​ | Ps. | (281,491) | ​
Deferred income tax (expense) benefit | ​ |  | (246,125) | (1) | ​ | 1,496,793 | (2) |  | (813,340) | (3)
Total income tax benefit (expense) | ​ | Ps. | (593,928) | ​ | Ps. | 1,406,184 | ​ | Ps. | (1,094,831) | ​
(1) Includes translation effect by Ps. (2,015) (2) Includes translation effect by Ps.2,035 (3) Includes translation effect by Ps. (2,278)
Schedule of income tax in consolidated statements of OCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020 |  | 2019
Deferred income tax related to items recognized in OCI during the year |  | ​ |  |  | ​ |  |  | ​ |
Net (loss) gain cash flow hedges | ​ | Ps. | (5,655) | ​ | Ps. | 46,835 | ​ | Ps. | (74,820)
Remeasurement gain of employee benefits | ​ |  | 2,850 | ​ |  | 794 | ​ |  | 3,058
Deferred income tax recognized in OCI | ​ | Ps. | (2,805) | ​ | Ps. | 47,629 | ​ | Ps. | (71,762)
Schedule of reconciliation of corporate income tax rate to effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | % |  | 2020 |  | % |  | 2019 |  | % |
Statutory income tax rate |  | 814,344 | ​ | 30.00 | % | (1,709,992) | ​ | 30.00 | % | 1,120,168 | ​ | 30.00 | %
Amendment tax return effects and other tax adjustments |  | 93 | ​ | (0.01) | % | (53,192) | ​ | 0.92 | % | (18,770) | ​ | (0.51) | %
Inflation on furniture, intangible and equipment |  | (48,751) | ​ | (1.79) | % | (17,442) | ​ | 0.29 | % | (17,839) | ​ | (0.48) | %
Inflation of tax losses | ​ | (41,375) | ​ | (1.52) | % | (13,512) | ​ | 0.23 | % | (8,018) | ​ | (0.21) | %
Foreign countries difference with Mexican statutory rate | ​ | 2,609 | ​ | 0.10 | % | 3,509 | ​ | (0.06) | % | 4,143 | ​ | 0.11 | %
Annual inflation adjustment |  | (167,294) | ​ | (6.16) | % | 51,768 | ​ | (0.91) | % | (1,882) | ​ | (0.05) | %
Recorded deferred taxes on tax losses | ​ | (9,123) | ​ | (0.34) | % | 74,597 | ​ | (1.29) | % | 10,025 | ​ | 0.27 | %
Non-deductible expenses | ​ | 43,425 | ​ | 1.60 | % | 258,080 | ​ | (4.51) | % | 7,004 | ​ | 0.19 | %
​ |  | 593,928 | ​ | 21.88 | % | (1,406,184) | ​ | 24.67 | % | 1,094,831 | ​ | 29.32 | %
Schedule of consolidated deferred taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2021 | ​ | 2020
​ | ​ | 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. | 13,969,589 | ​ | Ps. | 730,335 | ​ | Ps. | 13,239,254 | ​ | Ps. | 1,084,140
Unearned transportation revenue | ​ |  | 201,436 | ​ |  | (1,032,225) | ​ |  | 1,233,661 | ​ | ​ | 436,598
Extension lease agreement | ​ |  | 1,073,547 | ​ |  | 300,104 | ​ |  | 773,443 | ​ |  | 314,100
Tax losses available for offsetting against future taxable income | ​ |  | 100,472 | ​ |  | (475,950) | ​ |  | 576,422 | ​ |  | 272,452
Intangible | ​ | ​ | 395,752 | ​ | ​ | (25,156) | ​ | ​ | 420,908 | ​ | ​ | (25,941)
Allowance for doubtful accounts | ​ |  | 131,486 | ​ |  | 69,921 | ​ |  | 61,565 | ​ |  | 47,476
Employee benefits | ​ |  | 10,432 | ​ |  | (7,609) | ​ |  | 15,191 | ​ |  | 2,934
Derivative Financial instruments | ​ | ​ | 2,293 | ​ | ​ | — | ​ | ​ | 7,948 | ​ | ​ | (22)
Employee profit sharing | ​ |  | 1,870 | ​ |  | (2,453) | ​ |  | 4,323 | ​ |  | (2,904)
Non derivative financial instruments | ​ | ​ | — | ​ | ​ | 473,242 | ​ | ​ | (473,242) | ​ | ​ | (477,471)
​ | ​ |  | 15,886,877 | ​ |  | 30,209 | ​ |  | 15,859,473 | ​ |  | 1,651,362
Deferred income tax liabilities: | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Right of use asset | ​ | ​ | 9,552,956 | ​ | ​ | (739,797) | ​ | ​ | 10,292,753 | ​ | ​ | 55,824
Supplemental rent | ​ |  | 1,303,975 | ​ |  | (574,890) | ​ |  | 1,878,865 | ​ |  | 171,916
Rotable spare parts, furniture and equipment, net | ​ |  | 1,270,758 | ​ |  | 563,666 | ​ |  | 707,092 | ​ |  | (177,384)
Provisions | ​ | ​ | 539,911 | ​ | ​ | 448,658 | ​ | ​ | 91,253 | ​ | ​ | 442,598
Inventories | ​ |  | 87,592 | ​ |  | 4,190 | ​ |  | 83,402 | ​ |  | (6,885)
Other prepayments | ​ |  | 22,907 | ​ |  | 13,121 | ​ |  | 9,786 | ​ |  | (17,942)
Prepaid expenses and other assets | ​ | ​ | 431,241 | ​ | ​ | 563,703 | ​ | ​ | (132,462) | ​ | ​ | (311,523)
​ | ​ |  | 13,209,340 | ​ |  | 278,651 | ​ |  | 12,930,689 | ​ |  | 156,604
​ | ​ | Ps. | 2,677,537 | ​ | Ps. | (248,442) | ​ | Ps. | 2,928,784 | ​ | Ps. | 1,494,758
Schedule of components of deferred taxes in the consolidated statement of financial position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
​ |  | ​ |  |  | ​ |
Deferred tax assets | ​ | Ps. | 2,907,879 | ​ | Ps. | 3,128,555
Deferred tax liabilities | ​ |  | (230,342) | ​ |  | (199,771)
Deferred tax assets, net | ​ | Ps. | 2,677,537 | ​ | Ps. | 2,928,784
Schedule of reconciliation of deferred tax liability, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2021 |  | 2020
Opening balance as of January 1, | ​ | Ps. | 2,928,784 | ​ | Ps. | 1,386,397
Deferred income tax (expense) benefit during the current year recorded on profits* | ​ |  | (248,442) | ​ |  | 1,494,758
Deferred income tax (expense) benefit during the current year recorded in accumulated other comprehensive income (loss) | ​ |  | (2,805) | ​ |  | 47,629
Closing balance as of December 31, | ​ | Ps. | 2,677,537 | ​ | Ps. | 2,928,784
Schedule of available tax carry-forwards | An analysis of the available tax losses carry-forward of the Company at December 31, 2021 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year |  | Historical |  | Inflation adjusted |  | ​ | ​ |  | Total remaining |  | Year of
of loss |  | Loss |  | tax loss |  | Utilized |  | amount |  | expiration
2017 | ​ | Ps. | 1,067,836 | ​ | Ps. | 1,278,913 | ​ | Ps. | 1,278,913 | ​ | Ps. | — | ​ | 2027
2018 | ​ | ​ | 1,142 | ​ | ​ | 1,142 | ​ | ​ | — | ​ | ​ | 1,142 |  | 2021
2019 | ​ |  | 4,922 | ​ |  | 5,568 | ​ |  | — | ​ |  | 5,568 |  | 2029
2019 | ​ |  | 30,918 | ​ |  | 30,918 | ​ |  | — | ​ |  | 30,918 |  | 2022
2020 | ​ |  | 863,847 | ​ |  | 943,026 | ​ |  | 883,401 | ​ |  | 59,625 |  | 2030
2020 | ​ | ​ | 103,541 | ​ | ​ | 103,541 | ​ | ​ | — | ​ | ​ | 103,541 |  | 2023
2021 | ​ | ​ | 122,427 | ​ | ​ | 122,427 | ​ | ​ | — | ​ | ​ | 122,427 | ​ | 2031
2021 | ​ | ​ | 11,324 | ​ | ​ | 11,684 | ​ | ​ | — | ​ | ​ | 11,684 | ​ | 2024
​ | ​ | Ps. | 2,205,957 | ​ | Ps. | 2,497,219 | ​ | Ps. | 2,162,314 | ​ | Ps. | 334,905 | ​ | ​
​ A breakdown of available tax loss carry-forward of Controladora and its subsidiaries on December 31, 2021 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Historical | ​ | Inflation adjusted | ​ | ​ | ​ | ​ | Total |
​ |  | loss |  | tax loss |  | Utilized |  | remaining amount |
Comercializadora | ​ | Ps. | 54,101 | ​ | Ps. | 58,580 | ​ | Ps. | — | ​ | Ps. | 58,580 | ​
Concesionaria | ​ |  | 1,875,180 | ​ |  | 2,160,330 | ​ |  | 2,160,330 | ​ |  | — | ​
Viajes Vuela | ​ | ​ | 258,028 | ​ | ​ | 258,028 | ​ | ​ | — | ​ | ​ | 258,028 | ​
Vuela Aviación | ​ |  | 18,648 | ​ |  | 20,281 | ​ |  | 1,984 | ​ |  | 18,297 | ​
​ | ​ | Ps. | 2,205,957 | ​ | Ps. | 2,497,219 | ​ | Ps. | 2,162,314 | ​ | Ps. | 334,905 | ​
Unrecognized NOLs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Ps. | 334,905 | ​
Tax rate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 30 | %
Deferred income tax | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Ps. | 100,472 | ​
​
Schedule of tax balances | ​
​ | ​ | ​ | ​
​ |  | 2021
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”) | ​ | Ps. | 4,946,422
CUFIN* | ​ |  | 4,151,805
*The calculation comprises all the subsidiaries of the Company.

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