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Fair value measurements (Tables) | 12 Months Ended
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Dec. 31, 2023
Fair value measurements |
Schedule of carrying amounts and fair values of financial instruments | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Carrying amount | ​ | Fair value
​ | ​ | December 31, | ​ | December 31, | ​ | December 31, | ​ | December 31,
​ |  | 2023 |  | 2022 |  | 2023 |  | 2022
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative financial Instruments | ​ | US$ | 1,683 | ​ | US$ | 1,585 | ​ | US$ | 1,683 | ​ | US$ | 1,585
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Liabilities | ​ |  | ​ | ​ |  | ​ | ​ |  |  | ​ |  |
Financial debt (Interest-bearing loans and borrowings) | ​ |  | (649,153) | ​ |  | (272,194) | ​ |  | (671,590) | ​ |  | (282,868)
Total | ​ | US$ | (647,470) | ​ | US$ | (270,609) | ​ | US$ | (669,907) | ​ | US$ | (281,283)
​ The following table summarizes the fair value measurements by hierarchy as of December 31, 2023: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair value measurement
​ |  | Quoted prices |  | Significant |  | Significant |  | ​
​ | ​ | in active | ​ | observable | ​ | unobservable | ​ | ​
​ | ​ | markets | ​ | inputs | ​ | inputs | ​ | ​
​ |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivatives financial instruments: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest rate Caps | ​ | US$ | — | ​ | US$ | 1,683 | ​ | US$ | — | ​ | US$ | 1,683
Liabilities | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Liabilities for which fair values are disclosed: | ​ |  |  | ​ |  |  | ​ |  |  | ​ |  |
Interest-bearing loans and borrowings(1) | ​ |  | — | ​ |  | (671,590) | ​ |  | — | ​ |  | (671,590)
Net | ​ | US$ | — | ​ | US$ | (669,907) | ​ | US$ | — | ​ | US$ | (669,907)
(1) SOFR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt. ​ There were no transfers between level 1 and level 2 during the period. The following table summarizes the fair value measurements by hierarchy as of December 31, 2022.
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair value measurement
​ |  | Quoted prices |  | Significant |  | Significant |  | ​ |
​ | ​ | in active | ​ | observable | ​ | unobservable | ​ | ​ |
​ | ​ | markets | ​ | inputs | ​ | inputs | ​ | ​ |
​ | ​ | Level 1 | ​ | Level 2 | ​ | Level 3 | ​ | Total
Assets |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Derivatives financial instruments: |  | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Interest rate Caps |  | US$ | — |  | US$ | 1,585 |  | US$ | — |  | US$ | 1,585
Liabilities |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Liabilities for which fair values are disclosed: |  | ​ |  |  | ​ | ​ |  | ​ |  |  | ​ | ​
Interest-bearing loans and borrowings(1) |  | ​ | — |  | ​ | (282,868) |  | ​ | — |  | ​ | (282,868)
Net |  | US$ | — |  | US$ | (281,283) |  | US$ | — |  | US$ | (281,283)
(1) SOFR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt. ​ There were no transfers between level 1 and level 2 during the period.
Schedule of (loss) gain on derivatives recognized in consolidated statements of operations and comprehensive income | The following table summarizes the effects from derivatives financial instruments recognized in the consolidated statements of operations for the years ended December 31, 2023, 2022 and 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Instrument |  | Financial statements caption |  | 2023 |  | 2022 |  | 2021
Interest rate cap |  | Finance cost |  | US$ | (579) |  | US$ | (161) |  | US$ | (69)
​ For the years ended December 31, 2023 and 2022, the Company did not have any gain or loss related to fuel derivatives financial instruments. The following table summarizes the loss from derivatives financial instruments recognized in the consolidated statements of operations for the year ended December 31, 2021: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | Financial statements caption |  | 2023 |  | 2022 |  | 2021
Jet fuel Asian call options contracts |  | Fuel | ​ | US$ | — | ​ | US$ | — | ​ | US$ | (619)
​ The following table summarizes the net (loss) gain on CFH before taxes recognized in the consolidated statements of comprehensive income for the years ended December 31, 2023, 2022 and 2021: Consolidated statements of other comprehensive (loss) income
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Financial |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Instrument |  | statements caption |  | 2023 |  | 2022 |  | 2021
Jet fuel Asian call options contracts |  | OCI | ​ | US$ | — | ​ | US$ | — | ​ | US$ | 601
Jet fuel Zero cost collars | ​ | OCI | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 484
Interest rate cap | ​ | OCI | ​ | ​ | (1,175) | ​ | ​ | 336 | ​ | ​ | (128)
Non derivative financial instruments (1) | ​ | OCI | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 79,076
Total |  | ​ | ​ | US$ | (1,175) | ​ | US$ | 336 | ​ | US$ | 80,033
(1) For the year ended December 31, 2021, includes the effect of the discontinuation of the hedging strategies by US$109 million as described in note 3b (i).

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