XML 90 R76.htm IDEA: XBRL DOCUMENT v3.22.1
Financial instruments and risk management - Jet fuel price risk (Details)
gal in Thousands, $ in Thousands, $ in Millions
12 Months Ended
Dec. 31, 2021
MXN ($)
Dec. 31, 2020
MXN ($)
gal
Dec. 31, 2019
MXN ($)
Dec. 31, 2018
MXN ($)
Dec. 31, 2021
USD ($)
gal
$ / gal
Jet fuel price risk          
Fair value of derivative financial liabilities   $ (9,657)      
Intrinsic value recycled to the fuel cost $ 1,271,462        
Loss from derivatives financial instruments recognized in consolidated statements of operations $ (14,020) $ (1,306,557) $ (67,629)    
Jet fuel          
Jet fuel price risk          
Percentage of operating expenses 34.00% 26.00% 38.00%    
Intrinsic value recycled to the fuel cost   $ 33,627      
Fuel cost          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost $ 835,884   $ 9,477 $ 9,477  
Fuel cost | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   20,646      
Finance cost          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost 435,578        
Finance cost | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost   $ 12,981      
Jet fuel Asian call options contracts          
Jet fuel price risk          
Notional volume (in gallons) | gal   23,967      
Fair value of derivative financial assets   $ 206      
Cost of hedging recognized in other comprehensive income   $ (133,567)     $ 21,650
Jet fuel Asian call options contracts | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost     $ 61,069    
Jet fuel Asian call options contracts | Within one year          
Jet fuel price risk          
Notional volume (in gallons) | gal         7,280
Strike price agreed rate | $ / gal         1.90
Approximate percentage of hedge (of expected consumption value)         3.00%
Jet fuel Asian call options contracts | Within six months          
Jet fuel price risk          
Notional volume (in gallons) | gal         7,280
Strike price agreed rate | $ / gal         1.90
Approximate percentage of hedge (of expected consumption value)         6.00%
Jet fuel Asian call options contracts | Finance cost | Jet fuel          
Jet fuel price risk          
Intrinsic value recycled to the fuel cost $ 12,577        
Jet fuel Zero-Cost collars          
Jet fuel price risk          
Notional volume (in gallons) | gal   81,646      
Fair value of derivative financial liabilities   $ 9,657      
Unwind of Zero cost collar   $ 42,643      
Jet fuel Zero-Cost collars | Within one year          
Jet fuel price risk          
Notional volume (in gallons) | gal         7,556
Approximate percentage of hedge (of expected consumption value)         3.00%
Jet fuel Zero-Cost collars | Within one year | Jet fuel | Minimum          
Jet fuel price risk          
Strike price agreed rate | $ / gal         1.23
Jet fuel Zero-Cost collars | Within one year | Jet fuel | Maximum          
Jet fuel price risk          
Strike price agreed rate | $ / gal         1.93
Jet fuel Zero-Cost collars | Within six months          
Jet fuel price risk          
Notional volume (in gallons) | gal         7,556
Approximate percentage of hedge (of expected consumption value)         6.00%
Jet fuel Zero-Cost collars | Within six months | Jet fuel | Minimum          
Jet fuel price risk          
Strike price agreed rate | $ / gal         1.23
Jet fuel Zero-Cost collars | Within six months | Jet fuel | Maximum          
Jet fuel price risk          
Strike price agreed rate | $ / gal         1.93
All-in | Within one year          
Jet fuel price risk          
Approximate percentage of hedge (of expected consumption value)         6.00%
All-in | Within six months          
Jet fuel price risk          
Approximate percentage of hedge (of expected consumption value)         12.00%