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v3.23.1

Financial instruments and risk management (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Financial instruments and risk management |
Schedule of Fuel Sensitivity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31,
​ | ​ | 2022 | ​ | 2021 | ​ | 2020
​ |  | Operating costs |  | Operating costs |  | Operating costs
​ | ​ | (In thousands of U.S. dollars)
+ US$0.01 per gallon | ​ | 3,399 | ​ | 2,731 | ​ | 1,762
- US$0.01 per gallon | ​ | (3,399) | ​ | (2,731) | ​ | (1,762)
​
Schedule of foreign exchange exposure | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Mexican Pesos |  | Others*
​ | ​ | (In thousands of U.S. dollars)
Assets: | ​ | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents and restricted cash |  | US$ | 39,962 | ​ | US$ | 6,129
Other accounts receivable, net |  |  | 66,254 | ​ |  | 12,595
Guarantee deposits |  |  | 23,981 | ​ |  | 252
Other assets | ​ | ​ | — | ​ | ​ | —
Derivative financial instruments | ​ | ​ | 1,585 | ​ | ​ | —
Total assets |  | US$ | 131,782 | ​ | US$ | 18,976
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  |  |  | ​ |  |
Financial debt |  | US$ | 133,837 | ​ | US$ | —
Lease liabilities |  |  | 17,003 | ​ |  | 103
Suppliers |  |  | 124,374 | ​ |  | 1,496
Other liabilities | ​ | ​ | 81,378 | ​ | ​ | 1,277
Total liabilities |  | US$ | 356,592 | ​ | US$ | 2,876
Net foreign currency position |  | US$ | (224,810) | ​ | US$ | 16,100
​ * The foreign exchange exposure includes: Quetzales, Colombian pesos and Colones. ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Mexican Pesos |  | Others*
​ | ​ | (In thousands of U.S. dollars)
Assets: |  | ​ | ​ | ​ | ​ | ​
Cash, cash equivalents and restricted cash |  | US | 39,728 | ​ | US | 6,102
Other accounts receivable, net |  | ​ | 9,412 | ​ | ​ | 495
Guarantee deposits |  | ​ | — | ​ | ​ | 329
Total assets |  | US | 49,140 | ​ | US | 6,926
​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities: |  | ​ | ​ | ​ | ​ | ​
Financial debt |  | US | 132,367 | ​ | US | —
Lease liabilities | ​ | ​ | — | ​ | ​ | 77
Suppliers |  | ​ | 159,842 | ​ | ​ | 6,202
Other taxes and fees payable |  | ​ | 111,766 | ​ | ​ | 16,378
Total liabilities |  | US | 403,975 | ​ | US | 22,657
Net foreign currency position |  | US | (354,835) | ​ | US | (15,731)
​
Schedule of contractual principal payments required on financial liabilities and derivative instruments fair value | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2022
​ | ​ | ​ | Within one | ​ | One to five | ​ | ​ | ​
​ |  | ​ | year |  | years |  | Total
Interest-bearing borrowings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-delivery payments facilities (Note 5) |  | US$ | 62,209 |  | US$ | 75,698 |  | US$ | 137,907
Asset backed trust note (“CEBUR”) (Note 5) | ​ | ​ | 30,128 | ​ | ​ | 86,082 |  |  | 116,210
Working Capital Facilities (Note 5) | ​ | ​ | 18,077 | ​ | ​ | — | ​ | ​ | 18,077
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease liabilities: | ​ | ​ |  |  |  |  |  |  |
Aircraft, engines, land and buildings leases | ​ | ​ | 335,620 | ​ | ​ | 2,373,103 |  |  | 2,708,723
Aircraft and engine lease return obligation | ​ | ​ | 5,012 | ​ | ​ | 244,454 |  |  | 249,466
Total |  | US$ | 451,046 |  | US$ | 2,779,337 |  | US$ | 3,230,383
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2021
​ | ​ | Within one |  | One to five |  | ​
​ |  | year |  | years |  | Total
Interest-bearing borrowings: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Pre-delivery payments facilities (Note 5) | ​ | US$ | 171,771 | ​ | US$ | — | ​ | US$ | 171,771
Asset backed trust note (“CEBUR”) (Note 5) | ​ | ​ | 24,291 | ​ | ​ | 109,311 | ​ | ​ | 133,602
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Lease liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Aircraft, engines, land and buildings leases | ​ | ​ | 283,843 | ​ | ​ | 2,128,294 | ​ | ​ | 2,412,137
Aircraft and engine lease return obligation | ​ | ​ | 21,949 | ​ | ​ | 166,930 | ​ | ​ | 188,879
Total | ​ | US$ | 501,854 | ​ | US$ | 2,404,535 | ​ | US$ | 2,906,389
​
Summary of impact on the equity due to changes in the fair value of forward exchange contracts | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Change in | ​ | Effect on profit
​ |  | MXN$ rate |  | before tax
​ | ​ | ​ | ​ | (In thousands of
​ | ​ | ​ | ​ | U.S. dollars)
2022 |  | +5 | % | US$ | (10,436)
​ |  | -5 | % | ​ | 10,436
​ ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Change in |  | Effect on profit
​ | ​ | MXN$ rate | ​ | before tax
​ | ​ | ​ | ​ | (In thousands of U.S.
​ | ​ | ​ | ​ | dollars)
2021 |  | +5 | % | US$ | (18,528)
​ |  | -5 | % | ​ | 18,528
​ ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Change in | ​ | Effect on profit
​ |  | USD$ rate |  | before tax
​ |  |  |  | (In thousands of
​ | ​ | ​ | ​ | U.S. dollars)
2021 |  | +5 | % | US$ | (80,919)
​ |  | -5 | % | ​ | 80,919
​
Schedule of sensitivity analysis of change in fair value of interest hedging instrument | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Change in |  | ​ | ​
​ | ​ | interest rate | ​ | Effect on cap*
​ | ​ | ​ | ​ | (In thousands of U.S.
​ | ​ | ​ | ​ | dollars)
2022 |  | +0.50 | % | US$ | (121)
​ |  | -0.50 | % | ​ | 121
​ | ​ | ​ | ​ | ​ | ​
2021 |  | +0.01 | % | US$ | (2)
​ |  | -0.01 | % | ​ | 2
​ * The effect would affect OCI in relation to the interest rate caps. ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Change in | ​ | ​ | ​
​ | ​ | interest rate |  | Effect on cap*
​ | ​ | ​ | ​ | (In thousands of
​ |  | ​ | ​ | U.S. dollars)
2022 | ​ | +0.50 | % | US$ | (590)
​ | ​ | -0.50 | % | ​ | 590
​ | ​ | ​ | ​ | ​ | ​
2021 |  | +0.01 | % | US$ | (8)
​ |  | -0.01 | % | ​ | 8
​
Schedule of debt sensitivity analysis | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Year ended December 31, 2022 |  | Year ended December 31, 2021
​ | ​ | + 100 BP |  | - 100 BP |  | + 100 BP |  | - 100 BP
​ | ​ | (In thousands of U.S. dollars)
Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”) |  | 961 |  | (961) |  | 1,751 |  | (1,751)
Asset backed trust notes (“CEBUR”) (1) |  | 1,320 |  | (1,320) |  | 867 |  | (867)
Banco Sabadell S.A., Institución de Banca Múltiple (“Sabadell”) | ​ | 49 | ​ | (49) | ​ | 91 | ​ | (91)
Banco Santander México, S.A. y Banco Nacional de Comercio Exterior, S.N.C. (“Santander-Bancomext 2022”) | ​ | 96 | ​ | (96) | ​ | — | ​ | —
JSA International U.S. Holdings, LLC (PDP JSA) | ​ | 88 | ​ | (88) | ​ | — | ​ | —
GY Aviation Lease 1714 Co. Limited (PDP CDB) | ​ | 38 | ​ | (38) | ​ | — | ​ | —
Incline II B Shannon 18 Limited (PDP BBAM) | ​ | 224 | ​ | (224) | ​ | — | ​ | —
Oriental Leasing 6 Company Limited (PDP CMB) | ​ | 19 | ​ | (19) | ​ | — | ​ | —
Banco Actinver S.A., Institución de banca múltiple (“Actinver”) | ​ | 6 | ​ | (6) | ​ | — | ​ | —
Total |  | 2,801 |  | (2,801) |  | 2,709 |  | (2,709)
​ (1) Every Trust Note (CEBUR) issuance has a 10% CAP on TIIE 28 to limit interest payments to increasing rates.

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