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Income tax (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Income tax |
Schedule of income tax in consolidated statements of operations | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021 |
Current income tax expense | ​ | US$ | (21,939) | ​ | US$ | (15,456) | ​ | US$ | (17,903) | ​
Deferred income tax benefit (expense) | ​ |  | 22,316 | ​ |  | 67,595 | ​ |  | (12,670) | (1)
Total income tax benefit (expense) | ​ | US$ | 377 | ​ | US$ | 52,139 | ​ | US$ | (30,573) | ​
(1) Includes translation effect by US$ (118)
Schedule of income tax in consolidated statements of OCI | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022 |  | 2021
Deferred income tax related to items recognized in OCI during the year |  | ​ |  |  | ​ |  |  | ​ |
Net gain (loss) cash flow hedges | ​ | US$ | 362 | ​ | US$ | (80) | ​ | US$ | (274)
Remeasurement gain (loss) of employee benefits | ​ |  | 32 | ​ |  | (79) | ​ |  | 138
Benefit (expense) deferred income tax recognized in OCI | ​ | US$ | 394 | ​ | US$ | (159) | ​ | US$ | (136)
Schedule of reconciliation of corporate income tax rate to effective tax rate | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | % |  | 2022 |  | % |  | 2021 |  | % |
Statutory income tax rate |  | US$ | 2,233 | ​ | 30.00 | % | US$ | (39,709) | ​ | 30.00 | % | US$ | 41,108 | ​ | 30.00 | %
Amendment tax return effects and other tax adjustments |  | ​ | 7,074 | ​ | 95.05 | % | ​ | 1,242 | ​ | (0.94) | % | ​ | (29) | ​ | (0.02) | %
Inflation on furniture, intangible and equipment |  | ​ | (1,370) | ​ | (18.41) | % | ​ | (309) | ​ | 0.23 | % | ​ | (2,323) | ​ | (1.70) | %
Inflation of tax losses | ​ | ​ | (6,734) | ​ | (90.48) | % | ​ | (4,335) | ​ | 3.28 | % | ​ | (1,971) | ​ | (1.44) | %
Foreign countries difference with Mexican statutory rate | ​ | ​ | 21 | ​ | 0.28 | % | ​ | (9) | ​ | 0.00 | % | ​ | 124 | ​ | 0.10 | %
Annual inflation adjustment |  | ​ | (3,262) | ​ | (43.83) | % | ​ | (11,200) | ​ | 8.46 | % | ​ | (7,971) | ​ | (5.82) | %
Effect of unrecognized (recognized) NOLs | ​ | ​ | 3,030 | ​ | 40.71 | % | ​ | 7 | ​ | 0.00 | % | ​ | (434) | ​ | (0.32) | %
Non-deductible expenses | ​ | ​ | 26,132 | ​ | 351.15 | % | ​ | 7,695 | ​ | (5.81) | % | ​ | 2,069 | ​ | 1.51 | %
Difference in Foreign Exchange losses for tax purposes | ​ | ​ | (27,501) | ​ | (369.53) | % | ​ | (5,521) | ​ | 4.17 | % | ​ | — | ​ | — | ​
​ |  | US$ | (377) | ​ | (5.06) | % | US$ | (52,139) | ​ | 39.39 | % | US$ | 30,573 | ​ | 22.31 | %
Schedule of consolidated deferred taxes | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31
​ | ​ | 2023 | ​ | 2022
Deferred income tax assets: |  | ​ |  |  | ​ |
Lease liability | ​ | US$ | 899,011 | ​ | US$ | 755,855
Unearned transportation revenue | ​ |  | 13,392 | ​ |  | 58,010
Aircraft and engine lease return obligation | ​ |  | 86,696 | ​ |  | 77,007
Tax losses available for offsetting against future taxable income | ​ | ​ | 39,360 | ​ | ​ | 38,387
Intangible | ​ |  | 23,190 | ​ |  | 29,687
Allowance for doubtful accounts | ​ |  | 411 | ​ |  | 4,854
Other financing agreements | ​ | ​ | 45,919 | ​ | ​ | —
Employee benefits | ​ |  | 4,220 | ​ |  | 2,486
Employee profit sharing | ​ |  | 375 | ​ |  | 134
Derivative financial instruments | ​ | ​ | 121 | ​ | ​ | —
Provisions | ​ |  | 52,848 | ​ |  | —
​ | ​ |  | 1,165,543 | ​ |  | 966,420
Deferred income tax liabilities: | ​ |  | ​ | ​ |  | ​
Right of use asset | ​ | ​ | 735,092 | ​ | ​ | 571,521
Supplemental rent | ​ |  | 72,521 | ​ |  | 55,479
Rotable spare parts, furniture and equipment, net | ​ |  | 120,846 | ​ |  | 120,561
Provisions | ​ |  | — | ​ |  | 7,345
Inventories | ​ | ​ | 4,835 | ​ | ​ | 4,594
Other prepayments | ​ |  | 2,602 | ​ |  | 376
Derivative Financial instruments | ​ |  | — | ​ |  | 33
Prepaid expenses and other assets | ​ |  | 9,331 | ​ |  | 8,963
​ | ​ |  | 945,227 | ​ |  | 768,872
​ | ​ | US$ | 220,316 | ​ | US$ | 197,548
Schedule of components of deferred taxes in the consolidated statement of financial position | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
​ |  | ​ |  |  | ​ |
Deferred income tax assets | ​ | US$ | 236,026 | ​ | US$ | 208,010
Deferred income tax liabilities | ​ |  | (15,710) | ​ |  | (10,462)
Deferred income tax assets, net | ​ | US$ | 220,316 | ​ | US$ | 197,548
Schedule of reconciliation of deferred tax liability, net | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 2023 |  | 2022
Opening balance as of January 1, | ​ | US$ | 197,548 | ​ | US$ | 130,081
Deferred income tax benefit during the current year recorded on profits | ​ |  | 22,316 | ​ |  | 67,595
Deferred income tax benefit (expense) during the current year recorded in accumulated other comprehensive loss | ​ |  | 394 | ​ |  | (159)
Conversion effects | ​ | ​ | 58 | ​ | ​ | 31
Closing balance as of December 31, | ​ | US$ | 220,316 | ​ | US$ | 197,548
Schedule of available tax carry-forwards | An analysis of the available tax losses carry-forward of the Company at December 31, 2023 is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Year |  | Historical |  | Adjusted |  | Amortized |  | Amount outstanding to |  | Year of
of loss |  | Losses |  | losses |  | losses |  | amortize |  | expiration
2019 | ​ | US$ | 291 | ​ | US$ | 356 | ​ | US$ | 249 | ​ | US$ | 107 |  | 2029
2020 | ​ |  | 3,345 | ​ |  | 3,871 | ​ |  | 799 | ​ |  | 3,072 |  | 2030
2021 | ​ |  | 670 | ​ |  | 780 | ​ |  | — | ​ |  | 780 |  | 2031
2022 | ​ | ​ | 127,127 | ​ | ​ | 136,393 | ​ | ​ | 14,477 | ​ | ​ | 121,916 |  | 2032
2022 | ​ | ​ | 6,025 | ​ | ​ | 6,025 | ​ | ​ | 699 | ​ | ​ | 5,326 | ​ | 2025
2023 | ​ | ​ | 9,504 | ​ | ​ | 9,504 | ​ | ​ | — | ​ | ​ | 9,504 | ​ | 2026
​ | ​ | US$ | 146,962 | ​ | US$ | 156,929 | ​ | US$ | 16,224 | ​ | US$ | 140,705 | ​ | ​
A breakdown of available tax loss carry-forward of Controladora and its subsidiaries as of December 31, 2023, is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Historical | ​ | Adjusted | ​ | Amortized | ​ | Total amount |
​ |  | loss |  | losses |  | losses |  | outstanding to amortize |
Concesionaria | ​ | US$ | 126,855 | ​ | US$ | 136,100 | ​ | US$ | 14,477 | ​ | US$ | 121,623 | ​
Vuela Aviación | ​ |  | 15,529 | ​ |  | 15,529 | ​ |  | 699 | ​ |  | 14,830 | ​
Comercializadora | ​ | ​ | 3,202 | ​ | ​ | 3,897 | ​ | ​ | 249 | ​ | ​ | 3,648 | ​
Viajes Vuela | ​ |  | 1,376 | ​ |  | 1,403 | ​ |  | 799 | ​ |  | 604 | ​
​ | ​ | US$ | 146,962 | ​ | US$ | 156,929 | ​ | US$ | 16,224 | ​ | US$ | 140,705 | ​
Unrecognized Net Operating Losses (NOLs) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | (9,504) | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | US$ | 131,201 | ​
Tax rate | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | 30 | %
Deferred income tax | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | US$ | 39,360 | ​
Schedule of tax balances | ​
​ | ​ | ​ | ​
​ |  | 2023
(Cuenta de capital de aportación “CUCA”) | ​ | US$ | 330,378
(Cuenta de Utilidad Fiscal Neta “CUFIN”(1)) | ​ |  | 260,187
(1) The calculation comprises all the subsidiaries of the Company. ​

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