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Other liabilities

12 Months Ended

Dec. 31, 2022

Other liabilities.

Other liabilities

16. Other liabilities

Balance as of

January 1,

Increase for

December 31,

2022

the year

Payments

2022

Aircraft and engine lease return obligation (Note 1r and 2i)

US$

188,879

US$

94,815

US$

(34,228)

US$

249,466

Employee profit sharing (Note 17)

12,686

136

(12,436)

386

US$

201,565

US$

94,951

US$

(46,664)

US$

249,852

Current maturities

US$

5,398

Non-current

US$

244,454


	Balance as of								Balance as of
	January 1,		Increase for				Conversion		December 31,
	2021		the year		Payments		effects		2021
Aircraft and engine lease return obligation (Note 1r and 2i)	US$	125,546	US$	70,120	US$	(1,914)	US$	(4,873)	US$	188,879
Guarantee deposit (Note 1k)		12,532		—		(12,327)		(205)		—
Employee profit sharing (Note 17)		723		12,951		(787)		(201)		12,686
	US$	138,801	US$	83,071	US$	(15,028)	US$	(5,279)	US$	201,565

Current maturities									US$	34,635
Non-current									US$	166,930

During the years ended December 31, 2022 and 2021 no cancellations or write-offs related to these liabilities were recorded. Since 2012, the Company holds a cobrand credit card agreement with Banco Invex, S.A., Institución de Banca Múltiple, Invex, Grupo Financiero Invex “Invex”. Through this agreement, Invex pays certain commissions to Volaris related to the cobrand credit card and Invex’s clients receive vouchers to be redeemed in different Volaris services under certain conditions. A portion of the voucher cost is paid by Volaris and the remaining amount by Invex.