XML 54 R40.htm IDEA: XBRL DOCUMENT
v3.22.1

Description of the business and summary of significant accounting policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Description of the business and summary of significant accounting policies |
Schedule of companies included in the consolidated financial statements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Principal | ​ | ​ | ​ | % Equity interest | ​
Name |  | Activities |  | Country |  | 2021 |  | 2020 |
Concesionaria Vuela Compañía de Aviación S.A.P.I. de C.V. |  | Air transportation services for passengers, cargo and mail throughout Mexico and abroad |  | Mexico |  | 100 | % | 100 | %
Vuela Aviación, S.A. |  | Air transportation services for passengers, cargo and mail in Costa Rica and abroad |  | Costa Rica |  | 100 | % | 100 | %
Vuela, S.A. (“Vuela”) * |  | Air transportation services for passengers, cargo and mail in Guatemala and abroad |  | Guatemala |  | 100 | % | 100 | %
Vuela El Salvador, S.A. de C.V. | ​ | Air transportation services for passengers, cargo and mail in El Salvador and abroad | ​ | El Salvador | ​ | 100 | % | 100 | %
Comercializadora Volaris, S.A. de C.V. ("Comercializadora") |  | Merchandising of services |  | Mexico |  | 100 | % | 100 | %
Servicios Earhart, S.A.* |  | Recruitment and payroll |  | Guatemala |  | 100 | % | 100 | %
Servicios Corporativos Volaris, S.A. de C.V. (“Servicios Corporativos”) |  | Recruitment and payroll |  | Mexico |  | 100 | % | 100 | %
Servicios Administrativos Volaris, S.A. de C.V. (“Servicios Administrativos”) (3) |  | Recruitment and payroll |  | Mexico |  | — | ​ | 100 | %
Comercializadora V Frecuenta, S.A. de C.V. (“Loyalty Program”) ** | ​ | Loyalty Program | ​ | Mexico | ​ | 100 | % | 100 | %
Viajes Vuela, S.A. de C.V. (“Viajes Vuela”) | ​ | Travel agency | ​ | Mexico | ​ | 100 | % | 100 | %
Guatemala Dispatch Service, S.A., (“GDS, S.A.”) (4) | ​ | Aeronautical Technical Services | ​ | Guatemala | ​ | 100 | % | — | ​
CIBanco, S.A., Institución de Banca Múltiple, Fidecomiso 1710 (1) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fidecomiso 1711 (2) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número F/307750 “Administrative Trust” |  | Share administration trust (Note 18) |  | Mexico |  | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número F/745291 “Administrative Trust” |  | Share administration trust (Note 18) |  | Mexico |  | 100 | % | 100 | %
Fideicomiso de Administración número CIB/3081 “Administrative Trust” | ​ | Share administration trust (Note 18) | ​ | Mexico | ​ | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número CIB/3249 “Administrative Trust” | ​ | Asset backed securities trustor & administrator (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | %
*The Companies have not started operations yet in Guatemala **The Company has not started operations yet
(1) | With effect from October 16, 2020, the Successor of the Trust 1710 was changed from Deutsche Bank México, S.A. to CIBanco, S.A., Institución de Banca Múltiple.
(2) | With effect from October 16, 2020, the Successor of the Trust 1711 was changed from Deutsche Bank México, S.A. to CIBanco, S.A., Institución de Banca Múltiple.
(3) | With effect from August 31,2021, the Company merged with Concesionaria Vuela Compañía de Aviación S.A.P.I. de C.V.
(4) | The Company was acquired in October 5, 2021.
Schedule of depreciation rates | ​
​ | ​ | ​
​ |  | Annual
​ |  | depreciation rate
Flight equipment | ​ | 4.0-16.7%
Constructions and improvements |  | Remaining contractual lease term
Computer equipment |  | 25%
Workshop tools |  | 33.3%
Electric power equipment |  | 10%
Communications equipment |  | 10%
Workshop machinery and equipment |  | 10%
Motorized transport equipment platform | ​ | 25%
Service carts on board |  | 20%
Office furniture and equipment |  | 10%
Leasehold improvements to flight equipment |  | The shorter of: (i) remaining contractual lease term, or (ii) the next major maintenance event
Schedule of exchange rates of local currencies translated to functional currencies | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Exchange rates of local | ​ | Exchange rates of local |  | Exchange rates of local
​ | ​ | ​ | ​ | ​ | ​ | currencies translated to | ​ | currencies translated to | ​ | currencies translated to
​ | ​ | ​ | ​ | ​ | ​ | functional currencies | ​ | functional currencies |  | functional currencies
​ | ​ | ​ | ​ | ​ |  | Average | ​ | ​ | ​ | ​ | Average |  | ​ | ​ | ​ | Average | ​ | ​ | ​
​ | ​ | Local | ​ | Functional | ​ | exchange rate | ​ | Exchange rate | ​ | exchange rate | ​ | Exchange rate | ​ | exchange rate | ​ | Exchange rate
Country |  | currency |  | currency |  | for 2021 |  | as of 2021 |  | for 2020 |  | as of 2020 |  | for 2019 |  | as of 2019
Costa Rica |  | Colon |  | U.S. dollar |  | ₵. | 641.2439 | ​ | ₵. | 645.9000 | ​ | ₵. | 588.4240 | ​ | ₵. | 615.7800 | ​ | ₵. | 590.9574 |  | ₵. | 573.4400
Guatemala |  | Quetzal |  | U.S. dollar |  | Q. | 7.75370 | ​ | Q. | 7.7285 | ​ | Q. | 7.7292 | ​ | Q. | 7.8095 | ​ | Q. | 7.7066 |  | Q. | 7.6988
El Salvador | ​ | U.S Dollar | ​ | U.S. dollar | ​ | $. | 20.9853 | ​ | $. | 20.5835 | ​ | $. | 21.4961 | ​ | $. | 19.9487 | ​ | $. | 19.2618 | ​ | $. | 18.8452
Summary of estimated useful lives of the assets | ​
​ | ​ | ​ | ​
Aircraft and engines |  | up to 18 | years
Spare engines |  | up to 18 | years
Buildings leases |  | one to ten | years
Maintenance component |  | up to eight | years

X
- Definition The disclosure of depreciation and amortisation expense. [Refer: Depreciation and amortisation expense] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2021-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfDepreciationAndAmortisationExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2021-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2021-en-r&anchor=para_17_b&doctype=Standard -URIDate 2021-03-24 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2021-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=27&code=ifrs-tx-2021-en-r&anchor=para_16_b&doctype=Standard -URIDate 2021-03-24 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2021-01-01 -Paragraph B4 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=12&code=ifrs-tx-2021-en-r&anchor=para_B4_a&doctype=Appendix&subtype=B -URIDate 2021-03-24 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | vlrs_DescriptionOfBusinessAndSummaryOfSignificantAccountingPoliciesAbstract
Namespace Prefix: | vlrs_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of exchange rates. + References No definition available. + Details
Name: | vlrs_DisclosureOfExchangeRatesTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The tabular disclosure of estimated useful lives of the assets. + References No definition available. + Details
Name: | vlrs_SummaryOfEstimatedUsefulLivesOfAssetsTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration