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Components of accumulated other comprehensive loss

12 Months Ended

Dec. 31, 2023

Components of accumulated other comprehensive loss

Components of accumulated other comprehensive loss

24. Components of accumulated other comprehensive loss

An analysis of the accumulated other comprehensive loss for the years ended December 31, 2023 and 2022 is as follows:

Derivative and

Exchange

Remeasurements

non-derivative

differences on

of employee

financial

the translation

benefits

instruments

of foreign operations

Total

Other comprehensive loss:

Net balances as of December 31, 2021

US$

(721)

US$

(365)

US$

(148,124)

US$

(149,210)

Comprehensive income of the year

253

336

3,471

4,060

Expense income tax deferred

(79)

(80)

—

(159)

Balances as of December 31, 2022

(547)

(109)

(144,653)

(145,309)

Comprehensive (loss) income of the year

(107)

(1,175)

749

(533)

Benefit income tax deferred

362

—

394

Net balances as of December 31, 2023

US$

(622)

US$

(922)

US$

(143,904)

US$

(145,448)

An analysis of the effects of the derivative and non- derivative financial instruments in other comprehensive (loss) income for the years ended December 31, 2023, 2022 and 2021 is as follows:


	2023		2022		2021
Derivative and non-derivative financial instruments:
Extrinsic value of changes on jet fuel Asian call options	US$	—	US$	—	US$	601
Extrinsic value of changes on jet fuel Zero cost collars		—		—		484
(Loss) income of the interest rate Cap		(1,175)		336		(128)
		(1,175)		336		957
Non derivative financial instruments⁽¹⁾		—		—		79,076
Total	US$	(1,175)	US$	336	US$	80,033

⁽¹⁾As of December 31, 2021, includes the effect of the discontinuation of the hedging strategies by US$109 million as described in Note 3b (i).