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Fair value measurements (Tables) | 12 Months Ended
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Dec. 31, 2024
Fair Value Measurements |
Schedule of carrying amounts and fair values of financial instruments |
Schedule of carrying amounts and fair values of financial instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Carrying amount |  | Fair value
|  | December 31, 2024 |  | December 31, 2023 |  | December 31, 2024 |  | December 31, 2023
Assets |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial Instruments |  | US$ | 702 |  |  | US$ | 1,683 |  |  | US$ | 702 |  |  | US$ | 1,683 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial debt (Interest-bearing loans and borrowings) |  |  | (800,112 | ) |  |  | (649,153 | ) |  |  | (846,456 | ) |  |  | (671,590 | )
Total |  | US$ | (799,410 | ) |  | US$ | (647,470 | ) |  | US$ | (845,754 | ) |  | US$ | (669,907 | )
The following table summarizes the fair value measurements by hierarchy as of December 31, 2024:
|  | Fair value measurement
|  | Quoted prices in active markets Level 1 |  | Significant observable inputs Level 2 |  | Significant unobservable inputs Level 3 |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives financial instruments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Jet Fuel Asian Call Options (1) |  | US$ | — |  |  | US$ | 431 |  |  | US$ | — |  |  | US$ | 431 |
Interest rate Caps |  |  | — |  |  |  | 271 |  |  |  | — |  |  |  | 271 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Liabilities for which fair values are disclosed: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest-bearing loans and borrowings (2) |  |  | — |  |  |  | (846,456 | ) |  |  | — |  |  |  | (846,456 | )
Net |  | US$ | — |  |  | US$ | (845,754 | ) |  | US$ | — |  |  | US$ | (845,754 | )
(1) | Jet fuel forward levels.
(2) | 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, 2023.
|  | Fair value measurement
|  | Quoted prices in active markets Level 1 |  | Significant observable inputs Level 2 |  | Significant unobservable inputs 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.
Schedule of (loss) gain on derivatives recognized in consolidated statements of operations |
Schedule of (loss) gain on derivatives recognized in consolidated statements of operations |  |  |  |  |  |  |  |  |  |  |  |  |  |
Instrument |  | Financial statements caption |  | 2024 |  | 2023 |  | 2022
Jet fuel Asian call options contracts |  | Fuel expense |  | US$ | (1,317 | ) |  | US$ | — |  |  | US$ | — |
Interest rate cap |  | Finance cost |  |  | (896 | ) |  |  | (579 | ) |  |  | (161 | )
Total |  |  |  | US$ | (2,213 | ) |  | US$ | (579 | ) |  | US$ | (161 | )
Schedule of net (loss) gain on CFH before taxes recognized in the consolidated statements of comprehensive income |
Schedule of net (loss) gain on CFH before taxes recognized in the consolidated statements of comprehensive income |  |  |  |  |  |  |  |  |  |  |  |  |  |
Instrument |  | Financial statements caption |  | 2024 |  | 2023 |  | 2022
Jet fuel Asian call options contracts |  | OCI |  | US$ | (307 | ) |  | US$ | — |  |  | US$ | — |
T-Locks |  | OCI |  |  | (117 | ) |  |  | — |  |  |  | — |
Interest rate cap |  | OCI |  |  | 30 |  |  |  | (1,175 | ) |  |  | 336 |
Total |  |  |  | US$ | (394 | ) |  | US$ | (1,175 | ) |  | US$ | 336 |

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