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v3.25.1

Financial assets and liabilities (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes and other explanatory information [abstract] |
Schedule of financial assets |
Schedule of financial assets |  |  |  |
|  | December 31, 2024 |  | December 31, 2023
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  |  |  |  |  |  |  |
Jet Fuel Asian Call Options |  | US$ | 431 |  |  | US$ | — |
Interest rate cap |  |  | 271 |  |  |  | 1,683 |
Total derivative financial assets |  | US$ | 702 |  |  | US$ | 1,683 |
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |  |  |
Current |  | US$ | 431 |  |  | US$ | — |
Non-current |  | US$ | 271 |  |  | US$ | 1,683 |
Schedule of short-term and long-term debt |
Schedule of short-term and long-term debt |  |  |  |  |  |
|  |  |  | December 31, 2024 |  | December 31, 2023
I. |  | Asset-backed trust notes (“CEBUR”), in Mexican pesos, matured on June 20, 2024, bearing an annual interest rate of TIIE plus 175 basis points |  | US$ | — |  |  | US$ | 14,799 |
II. |  | Asset-backed trust notes (“CEBUR”), in Mexican pesos, with a maturity date on October 20, 2026, bearing an annual interest rate of TIIE plus 200 basis points, plus 25 basis points (1) |  |  | 45,227 |  |  |  | 83,859 |
III. |  | Asset-backed trust notes (“CEBUR”), in Mexican pesos, with a maturity date on September 20, 2028, bearing an annual interest rate of TIIE plus 215 basis points |  |  | 74,007 |  |  |  | 88,792 |
IV. |  | Revolving credit line with Banco Santander, S.A., (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, bearing an annual interest rate of SOFR plus a spread of 298 basis points, plus 5 basis points. In August 2024, the Company increased the facility amount to include additional aircraft, extending the maturity date to December 31, 2028; the interest rate from the additional aircraft excludes the sustainability adjustment |  |  | 109,976 |  |  |  | 57,855 |
V. |  | Pre-delivery payments financing with JSA International U.S. Holdings, LLC, with a maturity date on November 30, 2025, bearing an annual interest of SOFR plus a spread of 300 basis points, along with additional adjustment up to 26 basis points |  |  | 25,907 |  |  |  | 35,983 |
VI. |  | Pre-delivery payments financing with GY Aviation Lease 1714 Co. Limited, with maturity date on November 30, 2025, bearing annual interest of SOFR plus a spread of 425 basis points, along with additional adjustment up to 26 basis points |  |  | 60,629 |  |  |  | 64,495 |
VII. |  | Pre-delivery payments financing with Incline II B Shannon 18 Limited, with maturity date on May 31, 2025, bearing annual interest of SOFR plus a spread of 390 basis points |  |  | 41,432 |  |  |  | 107,178 |
VIII. |  | Pre-delivery payments financing with Oriental Leasing 6 Company Limited, with maturity date on May 31, 2027, bearing an annual interest of SOFR plus a spread of 200 basis points, along with additional adjustment up to 26 basis points |  |  | 123,038 |  |  |  | 43,129 |
|  |  |  | December 31, 2024 |  | December 31, 2023 |
IX. |  | Financing for the acquisition of engines with Tarquin Limited, with maturity on September 15, 19 and 26, 2028, bearing an annual interest of 6.20% |  |  | 41,812 |  |  |  | 44,052 |
X. |  | Financing for the acquisition of engines with NBB-V11218 Lease Partnership, with maturity on September 9, 2028, bearing an annual interest of 6.20% |  |  | 8,095 |  |  |  | 8,821 |
XI. |  | Financing for the acquisition of engines with NBB-V11951 Lease Partnership, with maturity on September 12, 2028, bearing an annual interest of 6.20% |  |  | 7,473 |  |  |  | 8,143 |
XII. |  | Financing for the acquisition of engines with Wilmington Trust SP Services (Dublin) Limited (not in its individual capacity but solely as Owner Trustee) for the acquisition of several engines, with maturity in September and October 2028, bearing an annual interest of 7.16% |  |  | 63,732 |  |  |  | 71,507 |
XIII. |  | Financing for the acquisition of engines with NBB Pintail Co., LTD, with maturity date on November 27, 2028, bearing an annual interest of 6.99% |  |  | 19,795 |  |  |  | 20,540 |
XIV. |  | Financing for the acquisition of engines with Bank of Utah Corporate Trust, with maturity date in July, August, October and November 2029, bearing an annual interest of 6.20% |  |  | 71,624 |  |  |  | - |
XV. |  | Financing for the acquisition of engines with RRPF Engine Leasing Limited, with maturity date on November 14, 2032, bearing an annual interest of 6.80% |  |  | 36,473 |  |  |  | - |
XVI. |  | Financing for the acquisition of engines with BOC Aviation (Ireland) Limited, with maturity date in October and November 2029, bearing an annual interest of 6.86% |  |  | 70,892 |  |  |  | - |
XVII. |  | Transaction costs to be amortized |  |  | (3,590 | ) |  |  | (3,158 | )
XVIII. |  | Accrued interest and other financial cost |  |  | 13,456 |  |  |  | 7,070 |
|  |  |  |  | 809,978 |  |  |  | 653,065 |
|  | Less: Short-term maturities |  |  | 283,616 |  |  |  | 220,289 |
|  | Long-term Financial debt |  | US$ | 526,362 |  |  | US$ | 432,776 |
TIIE: Mexican interbank rate SOFR: Secured Overnight Financing Rate
(1) | Sustainability adjustment
Schedule of principal payments of financial debt and accrued interest |
Schedule of principal payments of financial debt and accrued interest |  |  |  |  |  |  |  |  |  |
|  | Within one year |  | January 2026- December 2026 |  | January 2027- December 2027 |  | January 2028- onwards |  | Total
CEBUR program |  | US$ | 24,669 |  |  | US$ | 29,808 |  |  | US$ | 37,004 |  |  | US$ | 27,753 |  |  | US$ | 119,234 |
Santander/Bancomext |  |  | — |  |  |  | 98,149 |  |  |  | 11,827 |  |  |  | — |  |  |  | 109,976 |
JSA International U.S. Holdings, LLCA |  |  | 25,907 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 25,907 |
GY Aviation Lease 1714 Co. Limited |  |  | 60,629 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 60,629 |
Incline II B Shannon 18 Limited |  |  | 41,432 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 41,432 |
Oriental Leasing 6 Company Limited |  |  | 87,425 |  |  |  | 35,613 |  |  |  | — |  |  |  | — |  |  |  | 123,038 |
Tarquin Limited |  |  | 2,384 |  |  |  | 2,536 |  |  |  | 2,698 |  |  |  | 34,194 |  |  |  | 41,812 |
Lease Partnership NBB –V11218 |  |  | 772 |  |  |  | 822 |  |  |  | 874 |  |  |  | 5,627 |  |  |  | 8,095 |
Lease Partnership NBB – V11951 |  |  | 712 |  |  |  | 758 |  |  |  | 806 |  |  |  | 5,197 |  |  |  | 7,473 |
Wilmington Trust SP Services (Dublin) Limited |  |  | 8,373 |  |  |  | 9,001 |  |  |  | 9,676 |  |  |  | 36,682 |  |  |  | 63,732 |
NBB Pintail Co. LTD |  |  | 799 |  |  |  | 857 |  |  |  | 919 |  |  |  | 17,220 |  |  |  | 19,795 |
Bank of Utah Corporate Trust |  |  | 7,975 |  |  |  | 8,484 |  |  |  | 9,025 |  |  |  | 46,140 |  |  |  | 71,624 |
RRPF Engine Leasing Limited |  |  | 2,203 |  |  |  | 2,356 |  |  |  | 2,521 |  |  |  | 29,393 |  |  |  | 36,473 |
BOC Aviation (Ireland) Limited |  |  | 7,700 |  |  |  | 8,249 |  |  |  | 8,839 |  |  |  | 46,104 |  |  |  | 70,892 |
Financial debt |  |  | 270,980 |  |  |  | 196,633 |  |  |  | 84,189 |  |  |  | 248,310 |  |  |  | 800,112 |
Accrued interest |  |  | 13,456 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 13,456 |
Projected interest |  |  | 63,018 |  |  |  | 34,608 |  |  |  | 22,104 |  |  |  | 22,613 |  |  |  | 142,343 |
Total |  | US$ | 347,454 |  |  | US$ | 231,241 |  |  | US$ | 106,293 |  |  | US$ | 270,923 |  |  | US$ | 955,911 |
Schedule of changes in liabilities from financing activities |
Schedule of changes in liabilities from financing activities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | January 1, 2024 |  | Net cash Flows |  | Accrued Interest(1) |  | Non-current vs Current reclassification |  | Other |  | Conversion effects |  | December 31, 2024
Current interest-bearing loans and borrowings |  | US$ | 220,289 |  |  | US$ | (84,514 | ) |  | US$ | 6,496 |  |  | US$ | 146,655 |  |  | US$ | (217 | ) |  | US$ | (5,093 | ) |  | US$ | 283,616 |
Non-current interest-bearing loans and borrowings |  |  | 432,776 |  |  |  | 261,667 |  |  |  | — |  |  |  | (146,655 | ) |  |  | (484 | ) |  |  | (20,942 | ) |  |  | 526,362 |
Total liabilities from financing activities |  | US$ | 653,065 |  |  | US$ | 177,153 |  |  | US$ | 6,496 |  |  | US$ | — |  |  | US$ | (701 | ) |  | US$ | (26,035 | ) |  | US$ | 809,978 |
|  | January 1, 2023 |  | Net cash Flows |  | Accrued Interest(1) |  | Foreign exchange movement |  | Non-current vs Current reclassification |  | Other |  | Conversion effects |  | December 31, 2023
Current interest-bearing loans and borrowings |  | US$ | 112,148 |  |  | US$ | (22,356 | ) |  | US$ | 5,118 |  |  | US$ | (739 | ) |  | US$ | 121,804 |  |  | US$ | (479 | ) |  | US$ | 4,793 |  |  | US$ | 220,289 |
Non-current interest-bearing loans and borrowings |  |  | 160,887 |  |  |  | 381,255 |  |  |  | — |  |  |  | — |  |  |  | (121,804 | ) |  |  | (1,454 | ) |  |  | 13,892 |  |  |  | 432,776 |
Total liabilities from financing activities |  | US$ | 273,035 |  |  | US$ | 358,899 |  |  | US$ | 5,118 |  |  | US$ | (739 | ) |  | US$ | — |  |  | US$ | (1,933 | ) |  | US$ | 18,685 |  |  | US$ | 653,065 |
(1) | This balance is net of interest provisions and interest effectively paid as of December 31, 2024 and 2023, respectively.

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