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Fair value measurements (Tables) | 12 Months Ended
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Dec. 31, 2022
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,
​ |  | 2022 |  | 2021 |  | 2022 |  | 2021
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial Instruments | ​ | US$ | 1,585 | ​ | US$ | 1,398 | ​ | US$ | 1,585 | ​ | US$ | 1,398
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Financial debt (Interest-bearing loans and borrowings) | ​ |  | (272,194) | ​ |  | (305,373) | ​ |  | (282,868) | ​ |  | (302,876)
Derivative financial Instruments | ​ |  | — | ​ |  | — | ​ |  | — | ​ |  | —
Total | ​ | US$ | (270,609) | ​ | US$ | (303,975) | ​ | US$ | (281,283) | ​ | US$ | (301,478)
​ The following table summarizes the fair value measurements by hierarchy as of December 31, 2022: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 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 | ​ | US$ | — | ​ | US$ | 1,585 | ​ | US$ | — | ​ | US$ | 1,585
Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Liabilities for which fair values are disclosed: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest-bearing loans and borrowings** | ​ |  | — | ​ |  | (282,868) | ​ |  | — | ​ |  | (282,868)
Net | ​ | US$ | — | ​ | US$ | (281,283) | ​ | US$ | — | ​ | US$ | (281,283)
​ ** 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 by hierarchy as of 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 |  | US$ | — |  | US$ | 1,398 |  | US$ | — |  | US$ | 1,398
Liabilities |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Liabilities for which fair values are disclosed: |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Interest-bearing loans and borrowings** |  | ​ | — |  | ​ | (302,876) |  | ​ | — |  | ​ | (302,876)
Net |  | US$ | — |  | US$ | (301,478) |  | US$ | — |  | US$ | (301,478)
​ ** 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.
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, 2022, 2021 and 2020:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | Financial statements caption |  | 2022 |  | 2021 |  | 2020
Jet fuel Asian call options contracts |  | Fuel | ​ | US$ | — | ​ | US$ | (619) | ​ | US$ | (931)
Jet fuel Zero-Cost collars contracts |  | Fuel | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (38,122)
Jet fuel Asian call options contracts | ​ | Finance cost | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (557)
Jet fuel Zero-Cost collars contracts | ​ | Finance cost | ​ | ​ | — | ​ | ​ | — | ​ | ​ | (18,573)
Interest rate cap | ​ | Finance cost | ​ | ​ | (161) | ​ | ​ | (69) | ​ | ​ | (78)
Total |  |  | ​ | US$ | (161) | ​ | US$ | (688) | ​ | US$ | (58,261)
​ 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, 2022, 2021 and 2020: Consolidated statements of other comprehensive income (loss)
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Financial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | statements caption |  | 2022 |  | 2021 |  | 2020
Jet fuel Asian call options contracts |  | OCI | ​ | US$ | — | ​ | US$ | 601 | ​ | US$ | (601)
Jet fuel Zero cost collars | ​ | OCI | ​ | ​ | — | ​ | ​ | 484 | ​ | ​ | (7,572)
Interest rate cap | ​ | OCI | ​ | ​ | 336 | ​ | ​ | (128) | ​ | ​ | (34)
Non derivative financial instruments* | ​ | OCI | ​ | ​ | — | ​ | ​ | 79,076 | ​ | ​ | (79,824)
Total |  | ​ | ​ | US$ | 336 | ​ | US$ | 80,033 | ​ | US$ | (88,031)
*As of December 31, 2021, includes the effect of the discontinuation of the hedging strategies by US$109 million as described in note 3b (i).

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