XML 104 R81.htm IDEA: XBRL DOCUMENT v3.24.1.u1

Financial assets and liabilities - Aircraft financing and Notes (Details)				12 Months Ended
	Sep. 28, 2023 USD ($) item	Oct. 13, 2021 USD ($) item	Jun. 20, 2019 USD ($) item	Dec. 31, 2023 USD ($) aircraft	Dec. 31, 2022 USD ($) aircraft	Apr. 29, 2024 MXN ($)	Dec. 31, 2023	Dec. 31, 2023 MXN ($)	Dec. 31, 2023 $ / $	Dec. 31, 2023 ₡ / $	Dec. 31, 2023 Q / $	Dec. 31, 2023 $ / $	Sep. 28, 2023 MXN ($)	Sep. 20, 2023	Aug. 31, 2023	Dec. 31, 2022	Dec. 31, 2022 $ / $	Dec. 31, 2022 ₡ / $	Dec. 31, 2022 Q / $	Dec. 31, 2022 $ / $	Jun. 08, 2022	Dec. 31, 2021 USD ($)	Dec. 31, 2021 $ / $	Dec. 31, 2021 ₡ / $	Dec. 31, 2021 Q / $	Dec. 31, 2021 $ / $	Oct. 31, 2021	Oct. 13, 2021 MXN ($)	Jun. 20, 2019 MXN ($)
Aircraft financing
Number of aircraft incorporated to fleet | aircraft				13	18
Exchange rate						17.1883			16.89	524.7900	7.8301	3,822.05					19.36	594.9700	7.8515	4,810.20			20.5835	645.900	7.7285	3,981.16
Maturity of notes				5 years
Basis points							0.25%							0.25%
Financial debt				$ 653,065,000	$ 273,035,000																	$ 304,937,000
Aircraft leases
Aircraft financing
Financial debt				308,640,000
Revolving Line Of Credit With Santander And Bancomext, Maturing On June 8, 2027
Aircraft financing
Basis points							2.98%
Additional basis points							0.05
Financial debt				57,855,000
Asset backed trust notes
Aircraft financing
Number of notes issued | item	15,000,000	15,000,000	15,000,000
Exchange rate	1	1	0.1689				0.1689	0.1689	16.89																			20.80	0.1689
Notes issued	$ 85,800,000		$ 78,500,000	88,800,000									$ 1,500,000,000															$ 1,500,000,000	$ 1,500,000,000
Authorized amount under the program	$ 296,000,000	$ 144,200,000	$ 157,100,000	177,600,000									$ 5,000,000,000.0															$ 3,000,000,000.0	$ 3,000,000,000.0
Maturity of notes	5 years	5 years	5 years
Basis points							1.75%
Financial debt				187,450,000
Short-term working capital facility with Banco Sabadell S.A.
Aircraft financing
Basis points							2.40%
Second tranche Asset backed trust notes ("CEBUR"), in Mexican pesos
Aircraft financing
Basis points							0.02%
Additional basis points																											0.25
Pre-Delivery Payments Financing With JSA International U.S. Holdings, LLC
Aircraft financing
Basis points							0.03%
Additional basis points							0.26
Financial debt				35,983,000
Pre-Delivery Payments Financing With GY Aviation Lease 1714 Co. Limited
Aircraft financing
Basis points							4.25%
Additional basis points							0.26
Financial debt				64,495,000
Pre-Delivery Payments Financing With Incline II B Shannon 18 Limited
Aircraft financing
Basis points							3.90%
Financial debt				107,178,000
Pre-Delivery Payments Financing With Oriental Leasing 6 Company Limited
Aircraft financing
Basis points							0.02%
Additional basis points							0.26
Financial debt				43,129,000
Acquisition of engines with Tarquin Limited
Aircraft financing
Financial debt				44,052,000
Acquisition of engines with NBB-V11218
Aircraft financing
Financial debt				8,821,000
Acquisition of engines with NBB-V11951
Aircraft financing
Financial debt				8,143,000
Acquisition of several engines with Wilmington Trust SP Services (Dublin)
Aircraft financing
Financial debt				71,507,000
Acquisition of engines with NBB Pintail Co., LTD
Aircraft financing
Financial debt				20,540,000
Short-Term Working Capital Facility With Actinver
Aircraft financing
Basis points							2.50%
Financial debt
Aircraft financing
Financial debt				$ 649,153,000
Sustainability Linked Bond Principles 2020 | 2022
Aircraft financing
Carbon dioxide emissions measured as grams of CO2 emissions per revenue passenger/kilometer				21.54%
Sustainability Linked Bond Principles 2020 | 2023
Aircraft financing
Carbon dioxide emissions measured as grams of CO2 emissions per revenue passenger/kilometer				24.08%
Sustainability Linked Bond Principles 2020 | 2024
Aircraft financing
Carbon dioxide emissions measured as grams of CO2 emissions per revenue passenger/kilometer				25.53%
Sustainability Linked Bond Principles 2020 | 2030
Aircraft financing
Carbon dioxide emissions measured as grams of CO2 emissions per revenue passenger/kilometer				35.42%
28-day TIIE.
Aircraft financing
Basis points							2.40%									2.50%
Debt service coverage ratio prior computation period of debt service				6 months
Debt service coverage ratio extended prior computation period of debt service				6 months
Consecutive days for event of retention				90 days
Joint obligor as percentage of EBITDA				85.00%
28-day TIIE. | Minimum
Aircraft financing
Debt service coverage ratio				2.5
28-day TIIE. | Maximum
Aircraft financing
Basis points							10.00%
200 Basis Point | Asset backed trust notes
Aircraft financing
Maturity of notes				5 years
Basis points							0.02%
175 Basis Point | Asset backed trust notes
Aircraft financing
Basis points							1.75%
215 Basis Point | Asset backed trust notes
Aircraft financing
Basis points							2.15%
Secured Overnight Financing Rate (SOFR)
Aircraft financing
Basis points																					2.98%
Additional basis points							0.05
Secured Overnight Financing Rate (SOFR) | Revolving Line Of Credit With Santander And Bancomext, Maturing On June 8, 2027
Aircraft financing
Basis points															0.05%

X

- Definition

The amount of outstanding funds that the entity is obligated to repay.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 55
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_55&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_Borrowings
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 7
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_7&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_BorrowingsAdjustmentToInterestRateBasis
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The spot exchange rate at the end of the reporting period. Exchange rate is the ratio of exchange for two currencies. Spot exchange rate is the exchange rate for immediate delivery.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 112
-Subparagraph c
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_112_c&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_ClosingForeignExchangeRate
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The amount of liabilities that are: (a) a contractual obligation: (i) to deliver cash or another financial asset to another entity; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavourable to the entity; or (b) a contract that will, or may be, settled in the entity’s own equity instruments and is: (i) a non-derivative for which the entity is, or may be, obliged to deliver a variable number of the entity’s own equity instruments; or (ii) a derivative that will, or may be, settled other than by the exchange of a fixed amount of cash or another financial asset for a fixed number of the entity’s own equity instruments. For this purpose, rights, options or warrants to acquire a fixed number of the entity’s own equity instruments for a fixed amount of any currency are equity instruments if the entity offers the rights, options or warrants pro rata to all of its existing owners of the same class of its own non-derivative equity instruments. Also, for those purposes the entity’s own equity instruments do not include puttable financial instruments that are classified as equity instruments in accordance with paragraphs 16A-16B of IAS 32, instruments that impose on the entity an obligation to deliver to another party a pro rata share of the net assets of the entity only on liquidation and are classified as equity instruments in accordance with paragraphs 16C-16D of IAS 32, or instruments that are contracts for the future receipt or delivery of the entity’s own equity instruments. As an exception, an instrument that meets the definition of a financial liability is classified as an equity instrument if it has all the features and meets the conditions in paragraphs 16A-16B or paragraphs 16C-16D of IAS 32. [Refer: Financial instruments, class [member]; Financial assets; Derivatives [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2023-01-01
-Paragraph 25
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2023-en-r&anchor=para_25&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_FinancialLiabilities
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

The nominal or face amount of a financial instrument, used to calculate payments made on that instrument.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2023-01-01
-Paragraph 112
-Subparagraph c
-URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2023-en-r&anchor=para_112_c&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_NotionalAmount
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:monetaryItemType
Balance Type:	na
Period Type:	instant

X

- Definition

The additional adjustment to the basis (reference rate) used for calculation of the interest rate on borrowings. [Refer: Borrowings]

+ References

No definition available.

+ Details

Name:	vlrs_BorrowingsAdditionalAdjustmentToInterestRateBasis
Namespace Prefix:	vlrs_
Data Type:	xbrli:pureItemType
Balance Type:	na
Period Type:	instant

X

- Definition

Represents the period for maturity of notes.

+ References

No definition available.

+ Details

Name:	vlrs_BorrowingsMaturityTerm
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the consecutive days for event of retention.

+ References

No definition available.

+ Details

Name:	vlrs_ConsecutiveDaysForEventOfRetention
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the debt service coverage ratio.

+ References

No definition available.

+ Details

Name:	vlrs_DebtServiceCoverageRatio
Namespace Prefix:	vlrs_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the debt service coverage ratio extended prior computation period of debt service.

+ References

No definition available.

+ Details

Name:	vlrs_DebtServiceCoverageRatioExtendedPriorComputationPeriodOfDebtService
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the debt service coverage ratio prior computation period of debt service.

+ References

No definition available.

+ Details

Name:	vlrs_DebtServiceCoverageRatioPriorComputationPeriodOfDebtService
Namespace Prefix:	vlrs_
Data Type:	xbrli:durationItemType
Balance Type:	na
Period Type:	duration

X

- Definition

n/a

+ References

No definition available.

+ Details

Name:	vlrs_DisclosureOfFinancingOfPreDeliveryPaymentsLineItems
Namespace Prefix:	vlrs_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the joint obligor as percentage of EBITDA.

+ References

No definition available.

+ Details

Name:	vlrs_JointObligorAsPercentageOfEbitda
Namespace Prefix:	vlrs_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The number of aircraft added to fleet.

+ References

No definition available.

+ Details

Name:	vlrs_NumberOfAircraftAddedToFleet
Namespace Prefix:	vlrs_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Represents the number of notes issued.

+ References

No definition available.

+ Details

Name:	vlrs_NumberOfNotesIssued
Namespace Prefix:	vlrs_
Data Type:	xbrli:decimalItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Carbon dioxide emissions measured as grams of CO2 emissions per revenue passenger/kilometer.

+ References

No definition available.

+ Details

Name:	vlrs_PercentageOfCarbonDioxideEmissionsMeasuredAsGramsOfEmissionsPerRevenuePassenger
Namespace Prefix:	vlrs_
Data Type:	dtr-types:percentItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis=ifrs-full_AircraftMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_RevolvingLineOfCreditWithSantanderAndBancomextMaturingOnJune82027Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_AssetBackedTrustNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_ShortTermWorkingCapitalFacilityWithBancoSabadellS.a.Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_SecondTrancheAssetBackedTrustNotesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_PreDeliveryPaymentsFinancingWithJsaInternationalU.s.HoldingsLlcMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_PreDeliveryPaymentsFinancingWithGyAviationLease1714Co.LimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_PreDeliveryPaymentsFinancingWithInclineIiBShannon18LimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_PreDeliveryPaymentsFinancingWithOrientalLeasing6CompanyLimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_TarquinLimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_NbbV11218LeasePartnershipMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_NbbV11951LeasePartnershipMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_WilmingtonTrustSpServicesDublinLimitedMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_NbbPintailCoLtdMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_ShortTermWorkingCapitalFacilityWithActinverMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_FinancialDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_BorrowingsByNameAxis=vlrs_SustainabilityLinkedBondPrinciples2020Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=vlrs_Year2022Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=vlrs_Year2023Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=vlrs_Year2024Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_MeasurementAxis=vlrs_Year2030Member
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_TwentyEightDayEquilibriumInterbankInterestRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_RangeAxis=ifrs-full_BottomOfRangeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_RangeAxis=ifrs-full_TopOfRangeMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_PercentageOf200BasisPointMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_PercentageOf175BasisPointMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_PercentageOf215BasisPointMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	ifrs-full_TypesOfInterestRatesAxis=vlrs_Ifrs_securedOvernightFinancingRateSofrOvernightIndexSwapRateMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: