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v3.23.1

Description of the business and summary of significant accounting policies (Tables) | 12 Months Ended
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Dec. 31, 2022
Description of the business and summary of significant accounting policies |
Schedule of companies included in the consolidated financial statements | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | % Equity interest | ​
​ | ​ | Principal | ​ | ​ | ​ | ​ | ​ | ​ | ​ | January | ​
Name |  | Activities |  | Country |  | 2022 |  | 2021 |  | 1st 2021 | ​
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 | % | 100 | %
Vuela Aviación, S.A. |  | Air transportation services for passengers, cargo and mail in Costa Rica and abroad |  | Costa Rica |  | 100 | % | 100 | % | 100 | %
Vuela, S.A. (“Vuela”) * |  | Air transportation services for passengers, cargo and mail in Guatemala and abroad |  | Guatemala |  | 100 | % | 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 | % | 100 | %
Comercializadora Volaris, S.A. de C.V. (“Comercializadora”) |  | Merchandising of services |  | Mexico |  | 100 | % | 100 | % | 100 | %
Servicios Earhart, S.A.* |  | Rendering specialized services to its affiliates |  | Guatemala |  | 100 | % | 100 | % | 100 | %
Servicios Corporativos Volaris, S.A. de C.V. (“Servicios Corporativos”) |  | Rendering specialized services to its affiliates |  | Mexico |  | 100 | % | 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 | % | 100 | %
Viajes Vuela, S.A. de C.V. (“Viajes Vuela”) | ​ | Travel agency | ​ | Mexico | ​ | 100 | % | 100 | % | 100 | %
Guatemala Dispatch Service, S.A., (“GDS, S.A.”) (4) | ​ | Aeronautical Technical Services | ​ | Guatemala | ​ | 100 | % | 100 | % | — | ​
CIBanco, S.A., Institución de Banca Múltiple, Fidecomiso 1710 (1) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | % | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fidecomiso 1711 (2) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número F/307750 “Administrative Trust” ** |  | Share administration trust (Note 18) |  | Mexico |  | 100 | % | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número F/745291 “Administrative Trust” |  | Share administration trust (Note 18) |  | Mexico |  | 100 | % | 100 | % | 100 | %
Fideicomiso de Administración número CIB/3081 “Administrative Trust” | ​ | Share administration trust (Note 18) | ​ | Mexico | ​ | 100 | % | 100 | % | 100 | %
Fideicomiso Irrevocable de Administración número CIB/3249 “Administrative Trust” | ​ | Asset backed securities trustor & administrator (Note 5) | ​ | Mexico | ​ | 100 | % | 100 | % | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3853 (5) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | — | ​ | — | ​
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3855 (6) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | — | ​ | — | ​
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3866 (6) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | — | ​ | — | ​
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3867 (7) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | — | ​ | — | ​
CIBanco, S. A, Institución de Banca Múltiple, Fideicomiso CIB/3921 (8) | ​ | Pre-delivery payments financing (Note 5) | ​ | Mexico | ​ | 100 | % | — | ​ | — | ​
​ *The Company has not started operations. **The Trust was terminated on August 9, 2022.
(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) | 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 on October 5, 2021.
(5) | With effect from June 8, 2022 the trust was constituted.
(6) | With effect from April 1st, 2022 the trusts were constituted.
(7) | With effect from April 13, 2022 the trust was constituted.
(8) | With effect from July 21, 2022 the trust was constituted.
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 most relevant exchange rates utilized in the conversions to USD dollar | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | End of period | ​ | Average | ​ | End of period | ​ | Average | ​ | End of period | ​ | Average
Currency |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate
Mexican Peso |  | Ps. | 19.3615 | ​ | Ps. | 20.1254 | ​ | Ps. | 20.5835 | ​ | Ps. | 20.2818 | ​ | Ps. | 19.9487 |  | Ps. | 21.4961
Colon |  | ₵. | 594.9700 | ​ | ₵. | 649.5908 | ​ | ₵. | 645.900 | ​ | ₵. | 624.3460 | ​ | ₵. | 615.7800 |  | ₵. | 588.4240
Quetzal | ​ | Q. | 7.8515 | ​ | Q. | 7.7765 | ​ | Q. | 7.7285 | ​ | Q. | 7.7589 | ​ | Q. | 7.8095 | ​ | Q. | 7.7292
Colombian Peso | ​ | COP. | 4,810.20 | ​ | COP. | 4,255.44 | ​ | COP. | 3,981.16 | ​ | COP. | 3,751.33 | ​ | COP. | 3,428.26 | ​ | COP. | 3,695.48
​
Schedule of exchange rates of local currencies translated to functional currencies | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ | ​ | End of period | ​ | Average | ​ | End of period | ​ | Average | ​ | End of period | ​ | Average
Currency |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate |  | exchange rate
Mexican Peso |  | Ps. | 19.3615 | ​ | Ps. | 20.1254 | ​ | Ps. | 20.5835 | ​ | Ps. | 20.2818 | ​ | Ps. | 19.9487 |  | Ps. | 21.4961
Colon |  | ₵. | 594.9700 | ​ | ₵. | 649.5908 | ​ | ₵. | 645.900 | ​ | ₵. | 624.3460 | ​ | ₵. | 615.7800 |  | ₵. | 588.4240
Quetzal | ​ | Q. | 7.8515 | ​ | Q. | 7.7765 | ​ | Q. | 7.7285 | ​ | Q. | 7.7589 | ​ | Q. | 7.8095 | ​ | Q. | 7.7292
Colombian Peso | ​ | COP. | 4,810.20 | ​ | COP. | 4,255.44 | ​ | COP. | 3,981.16 | ​ | COP. | 3,751.33 | ​ | COP. | 3,428.26 | ​ | COP. | 3,695.48
​
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
​

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