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Income tax (Tables) | 12 Months Ended
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Dec. 31, 2022
Income tax |
Schedule of income tax in consolidated statements of operations |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020 |
Current year income tax expense | ​ | US$ | (15,456) | ​ | US$ | (17,903) | ​ | US$ | (3,978) | ​
Deferred income tax (expense) benefit | ​ |  | 67,595 | ​ |  | (12,670) | (1) |  | 65,709 | (2)
Total income tax benefit (expense) | ​ | US$ | 52,139 | ​ | US$ | (30,573) | ​ | US$ | 61,731 | ​
​ (1) Includes translation effect by US$ (118)
Schedule of income tax in consolidated statements of OCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021 |  | 2020
Deferred income tax related to items recognized in OCI during the year |  | ​ |  |  | ​ |  |  | ​ |
Net (loss) gain cash flow hedges | ​ | US$ | (80) | ​ | US$ | (274) | ​ | US$ | 2,347
Remeasurement (loss) gain of employee benefits | ​ |  | (79) | ​ |  | 138 | ​ |  | 39
Deferred income tax recognized in OCI | ​ | US$ | (159) | ​ | US$ | (136) | ​ | US$ | 2,386
​
Schedule of reconciliation of corporate income tax rate to effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | % |  | 2021 |  | % |  | 2020 |  | % |
Statutory income tax rate |  | (39,709) | ​ | 30.00 | % | 41,108 | ​ | 30.00 | % | (76,036) | ​ | 30.00 | %
Amendment tax return effects and other tax adjustments |  | 1,242 | ​ | (0.94) | % | (29) | ​ | (0.02) | % | (3,563) | ​ | 1.41 | %
Inflation on furniture, intangible and equipment |  | (309) | ​ | 0.23 | % | (2,323) | ​ | (1.70) | % | (873) | ​ | 0.34 | %
Inflation of tax losses | ​ | (4,335) | ​ | 3.28 | % | (1,971) | ​ | (1.44) | % | (676) | ​ | 0.27 | %
Foreign countries difference with Mexican statutory rate | ​ | (9) | ​ | 0.00 | % | 124 | ​ | 0.10 | % | 175 | ​ | (0.07) | %
Annual inflation adjustment |  | (11,200) | ​ | 8.46 | % | (7,971) | ​ | (5.82) | % | 2,591 | ​ | (1.02) | %
Recorded deferred taxes on tax losses | ​ | 7 | ​ | 0.00 | % | (434) | ​ | (0.32) | % | 3,733 | ​ | (1.47) | %
Non-deductible expenses | ​ | 7,695 | ​ | (5.81) | % | 2,069 | ​ | 1.51 | % | 12,918 | ​ | (5.10) | %
Difference in Foreign Exchange income (loss) for tax purposes | ​ | (5,521) | ​ | 4.17 | % | — | ​ | — | ​ | — | ​ | — | ​
​ |  | (52,139) | ​ | 39.39 | % | 30,573 | ​ | 22.31 | % | (61,731) | ​ | 24.36 | %
​
Schedule of consolidated deferred taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | 2022 | ​ | 2021
​ | ​ | Consolidated | ​ | Consolidated | ​ | Consolidated | ​ | Consolidated
​ | ​ | statement of | ​ | statement of | ​ | statement of | ​ | statement of
​ |  | financial position |  | operations |  | financial position |  | operations
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Deferred income tax assets: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Lease liability | ​ | US$ | 755,855 | ​ | US$ | 122,856 | ​ | US$ | 633,033 | ​ | US$ | (7,745)
Unearned transportation revenue | ​ |  | 58,010 | ​ |  | 48,176 | ​ |  | 9,885 | ​ | ​ | (53,134)
Aircraft and engine lease return obligation | ​ |  | 77,007 | ​ |  | 23,951 | ​ |  | 53,056 | ​ |  | 15,448
Tax losses available for offsetting against future taxable income | ​ |  | 38,387 | ​ |  | 33,122 | ​ |  | 4,865 | ​ |  | (24,499)
Intangible | ​ | ​ | 29,687 | ​ | ​ | (364) | ​ | ​ | 30,052 | ​ | ​ | 10,430
Allowance for doubtful accounts | ​ |  | 4,854 | ​ |  | (1,510) | ​ |  | 6,356 | ​ |  | 3,599
Employee benefits | ​ |  | 2,486 | ​ |  | 2,104 | ​ |  | 294 | ​ |  | (391)
Employee profit sharing | ​ |  | 134 | ​ |  | (3,672) | ​ |  | 3,805 | ​ |  | 4,076
Non derivative financial instruments | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 24,360
​ | ​ |  | 966,420 | ​ |  | 224,663 | ​ |  | 741,346 | ​ |  | (27,856)
Deferred income tax liabilities: | ​ |  | ​ | ​ |  |  | ​ |  |  | ​ |  |
Right of use asset | ​ | ​ | 571,521 | ​ | ​ | 106,233 | ​ | ​ | 465,382 | ​ | ​ | (57,188)
Supplemental rent | ​ |  | 55,479 | ​ |  | (7,872) | ​ |  | 63,351 | ​ |  | (29,592)
Rotable spare parts, furniture and equipment, net | ​ |  | 120,561 | ​ |  | 54,960 | ​ |  | 65,618 | ​ |  | 29,015
Provisions | ​ | ​ | 7,345 | ​ | ​ | 4,200 | ​ | ​ | 2,430 | ​ | ​ | 12,789
Inventories | ​ |  | 4,594 | ​ |  | 338 | ​ |  | 4,256 | ​ |  | 215
Other prepayments | ​ |  | 376 | ​ |  | (1,034) | ​ |  | 1,431 | ​ |  | 675
Derivative Financial instruments | ​ | ​ | 33 | ​ | ​ | — | ​ | ​ | 113 | ​ | ​ | —
Prepaid expenses and other assets | ​ | ​ | 8,963 | ​ | ​ | 243 | ​ | ​ | 8,684 | ​ | ​ | 29,017
​ | ​ |  | 768,872 | ​ |  | 157,068 | ​ |  | 611,265 | ​ |  | (15,069)
​ | ​ | US$ | 197,548 | ​ | US$ | 67,595 | ​ | US$ | 130,081 | ​ | US$ | (12,787)
​
Schedule of components of deferred taxes in the consolidated statement of financial position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
​ |  | ​ |  |  | ​ |
Deferred tax assets | ​ | US$ | 208,010 | ​ | US$ | 141,272
Deferred tax liabilities | ​ |  | (10,462) | ​ |  | (11,191)
Deferred tax assets, net | ​ | US$ | 197,548 | ​ | US$ | 130,081
​
Schedule of reconciliation of deferred tax liability, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2022 |  | 2021
Opening balance as of January 1, | ​ | US$ | 130,081 | ​ | US$ | 146,816
Deferred income tax benefit (expense) during the current year recorded on profits* | ​ |  | 67,595 | ​ |  | (12,787)
Deferred income tax expense during the current year recorded in accumulated other comprehensive loss | ​ |  | (159) | ​ |  | (136)
Conversion effects | ​ | ​ | 31 | ​ | ​ | (3,812)
Closing balance as of December 31, | ​ | US$ | 197,548 | ​ | US$ | 130,081
​
Schedule of available tax carry-forwards | An analysis of the available tax losses carry-forward of the Company at December 31, 2022 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year |  | Historical |  | Inflation adjusted |  | ​ | ​ |  | Total remaining |  | Year of
of loss |  | Loss |  | tax loss |  | Utilized |  | amount |  | expiration
2019 | ​ | US$ | 239 | ​ | US$ | 304 | ​ | US$ | 166 | ​ | US$ | 138 |  | 2029
2020 | ​ |  | 5,461 | ​ |  | 5,461 | ​ |  | 2,126 | ​ |  | 3,335 |  | 2023
2020 | ​ |  | 2,745 | ​ |  | 3,427 | ​ |  | 103 | ​ |  | 3,324 |  | 2030
2021 | ​ | ​ | 6,457 | ​ | ​ | 6,404 | ​ | ​ | — | ​ | ​ | 6,404 |  | 2024
2021 | ​ | ​ | 550 | ​ | ​ | 651 | ​ | ​ | — | ​ | ​ | 651 | ​ | 2031
2022 | ​ | ​ | 110,922 | ​ | ​ | 114,105 | ​ | ​ | — | ​ | ​ | 114,105 | ​ | 2032
​ | ​ | US$ | 126,374 | ​ | US$ | 130,352 | ​ | US$ | 2,395 | ​ | US$ | 127,957 | ​ | ​
​ A breakdown of available tax loss carry-forward of Controladora and its subsidiaries as of December 31, 2022 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Historical | ​ | Inflation adjusted | ​ | ​ | ​ | ​ | Total |
​ |  | loss |  | tax loss |  | Utilized |  | remaining amount |
Concesionaria | ​ | US$ | 110,685 | ​ | US$ | 113,861 | ​ | US$ | — | ​ | US$ | 113,861 | ​
Vuela Aviación | ​ |  | 13,476 | ​ |  | 13,423 | ​ |  | 3,684 | ​ |  | 9,739 | ​
Comercializadora | ​ | ​ | 2,628 | ​ | ​ | 3,256 | ​ | ​ | 166 | ​ | ​ | 3,090 | ​
Viajes Vuela | ​ |  | 1,143 | ​ |  | 1,370 | ​ |  | 103 | ​ |  | 1,267 | ​
​ | ​ | US$ | 127,932 | ​ | US$ | 131,910 | ​ | US$ | 3,953 | ​ | US$ | 127,957 | ​
Unrecognized NOLs | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | US$ | 127,957 | ​
Tax rate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 30 | %
Deferred income tax | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | US$ | 38,387 | ​
​
Schedule of tax balances | ​
​ | ​ | ​ | ​
​ |  | 2022
Adjusted contributed capital account (Cuenta de capital de aportación or “CUCA”) | ​ | US$ | 489,080
CUFIN* | ​ |  | 226,885
​ * The calculation comprises all the subsidiaries of the Company. ​

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