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Leases (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of composition of fleet and spare engines, operating leases


Aircraft				At December		At December
Type		Model		31, 2021		31, 2020
A319		132		3		3
A319		133		2		2
A320		233		39		39
A320		232		1		1
A320NEO		271N		39		24
A321		231		10		10
A321NEO		271N		6		6
				100		85


Engine spare				At December		At December
Type		Model		31, 2021		31, 2020
V2500		V2524-A5		2		2
V2500		V2527M-A5		3		3
V2500		V2527E-A5		5		5
V2500		V2527-A5		4		2
PW1100		PW1127G-JM		5		5
PW1100		PW1133G-JM		1		1
				20		18

* Certain of the Company’s aircraft and engine lease agreements include an option to extend the lease term period. Management evaluates extensions based on the market conditions at the time of renewal.

Summary of carrying amounts of right-of-use assets recognized and the movements during the period

Spare engine

Land and

Aircraft leases

leases

building leases

Total

As of January 1st, 2020

Ps.

33,312,089

Ps.

677,198

Ps.

139,479

Ps.

34,128,766

Additions

4,876,071

362,081

15,222

5,253,374

Disposals

(17,742)

—

—

(17,742)

Foreign exchange effect

—

—

795

795

Depreciation on right of use assets

(4,763,928)

(210,079)

(74,969)

(5,048,976)

As of December 31, 2020

33,406,490

829,200

80,527

34,316,217

Additions

8,869,694

59,374

281,790

9,210,858

Modifications

1,221,718

42,267

140,514

1,404,499

Disposals

—

—

(5,536)

(5,536)

Foreign exchange effect

—

—

(5)

(5)

Depreciation on right of use assets

(5,124,774)

(235,732)

(102,119)

(5,462,625)

As of December 31, 2021

Ps.

38,373,128

Ps.

695,109

Ps.

395,171

Ps.

39,463,408

Summary of carrying amounts of lease liabilities and the movements during the period


		2021			2020
As of January 1^st,		Ps.	44,130,542		Ps.	40,517,045
Additions			9,411,524			5,572,764
Modifications			1,370,795			—
Disposals			(5,898)			(231,566)
Accretion of interest			2,582,391			2,218,982
Foreign exchange effect			1,469,362			2,163,886
Payments			(9,308,477)			(6,110,569)
As of 31 December,		Ps.	49,650,239		Ps.	44,130,542
Current		Ps.	5,842,492		Ps.	6,484,092
Non-current		Ps.	43,807,747		Ps.	37,646,450

Summary of amounts recognized in profit or loss


		For the year ended
		December 31, 2021			December 31, 2020			December 31, 2019
Depreciation of right-of-use assets		Ps.	(5,462,625)		Ps.	(5,048,976)		Ps.	(4,702,971)
Interest expense on lease liabilities and aircraft and engine lease return obligation (Note 23)			(2,603,820)			(2,350,250)			(2,128,162)
Aircraft and engine variable expenses			(1,686,875)			(1,845,254)			(961,657)
Total amount recognized in profit or loss		Ps.	(9,753,320)		Ps.	(9,244,480)		Ps.	(7,792,790)