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v3.25.1

Income tax (Tables) | 12 Months Ended
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Dec. 31, 2024
Income Tax |
Schedule of consolidated statements of operations |
Schedule of consolidated statements of operations |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Current income tax expense |  | US$ | (104,184 | ) |  | US$ | (21,939 | ) |  | US$ | (15,456 | )
Deferred income tax benefit |  |  | 47,870 |  |  |  | 22,316 |  |  |  | 67,595 |
Total income tax (expense) benefit |  | US$ | (56,314 | ) |  | US$ | 377 |  |  | US$ | 52,139 |
Schedule of consolidated statements of comprehensive income |
Schedule of consolidated statements of comprehensive income |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Deferred income tax related to items recognized in OCI during the year |  |  |  |  |  |  |  |  |  |  |  |
Net gain (loss) cash flow hedges |  | US$ | 118 |  |  | US$ | 362 |  |  | US$ | (80 | )
Remeasurement gain (loss) of employee benefits |  |  | 39 |  |  |  | 32 |  |  |  | (79 | )
Benefit (expense) deferred income tax recognized in OCI |  | US$ | 157 |  |  | US$ | 394 |  |  | US$ | (159 | )
Schedule of effective income tax reconciliation using domestic tax rate |
Schedule of effective income tax reconciliation using domestic tax rate |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  | % |  | 2023 |  | % |  | 2022 |  | %
Statutory income tax rate |  | US$ | 54,806 |  |  | 30.00 | % |  | US$ | 2,233 |  |  | 30.00 | % |  | US$ | (39,709 | ) |  | 30.00 | %
Amendment tax return effects and other tax adjustments |  |  | (17,467 | ) |  | (9.56 | %) |  |  | 7,074 |  |  | 95.05 | % |  |  | 1,242 |  |  | (0.94 | %)
Inflation on furniture, intangible and equipment |  |  | (938 | ) |  | (0.51 | %) |  |  | (1,370 | ) |  | (18.41 | %) |  |  | (309 | ) |  | 0.23 | %
Inflation of tax losses |  |  | (463 | ) |  | (0.25 | %) |  |  | (6,734 | ) |  | (90.48 | %) |  |  | (4,335 | ) |  | 3.28 | %
Foreign countries difference with Mexican statutory rate |  |  | (18 | ) |  | (0.01 | %) |  |  | 21 |  |  | 0.28 | % |  |  | (9 | ) |  | 0.00 | %
Annual inflation adjustment |  |  | (5,304 | ) |  | (2.90 | %) |  |  | (3,262 | ) |  | (43.83 | %) |  |  | (11,200 | ) |  | 8.46 | %
Effect unrecognized NOLs |  |  | 186 |  |  | 0.10 | % |  |  | 3,030 |  |  | 40.71 | % |  |  | 7 |  |  | 0.00 | %
Non-deductible expenses |  |  | 16,728 |  |  | 9.16 | % |  |  | 26,132 |  |  | 351.15 | % |  |  | 7,695 |  |  | (5.81 | %)
Difference in Foreign Exchange losses for tax purposes |  |  | 8,784 |  |  | 4.80 | % |  |  | (27,501 | ) |  | (369.53 | %) |  |  | (5,521 | ) |  | 4.17 | %
|  | US$ | 56,314 |  |  | 30.83 | % |  | US$ | (377 | ) |  | (5.06 | %) |  | US$ | (52,139 | ) |  | 39.39 | %
Schedule of consolidated deferred taxes |
Schedule of consolidated deferred taxes |  |  |  |  |  |  |  |
|  | As of December 31,
|  | 2024 |  | 2023
Deferred income tax assets: |  |  |  |  |  |  |  |
Lease liability |  | US$ | 871,608 |  |  | US$ | 899,011 |
Unearned transportation revenue |  |  | 14,440 |  |  |  | 13,392 |
Aircraft and engine lease return obligation |  |  | 98,933 |  |  |  | 86,696 |
Tax losses available for offsetting against future taxable income |  |  | 234 |  |  |  | 39,360 |
Intangible |  |  | — |  |  |  | 23,190 |
Allowance for doubtful accounts |  |  | 431 |  |  |  | 411 |
Other financing agreements |  |  | 92,640 |  |  |  | 45,919 |
Employee benefits |  |  | 4,256 |  |  |  | 4,220 |
Employee profit-sharing |  |  | 8,195 |  |  |  | 375 |
Derivative financial instruments |  |  | 317 |  |  |  | 121 |
Provisions |  |  | 33,993 |  |  |  | 52,848 |
Total deferred income tax assets |  |  | 1,125,047 |  |  |  | 1,165,543 |
Deferred income tax liabilities: |  |  |  |  |  |  |  |
Right-of-use asset |  |  | 659,190 |  |  |  | 735,092 |
Supplemental rent |  |  | 59,844 |  |  |  | 72,521 |
Rotable spare parts, furniture and equipment, net |  |  | 120,585 |  |  |  | 120,846 |
Inventories |  |  | 5,262 |  |  |  | 4,835 |
Other prepayments |  |  | 2,981 |  |  |  | 2,602 |
Prepaid expenses and other assets |  |  | 8,914 |  |  |  | 9,331 |
Total deferred income tax liabilities |  |  | 856,776 |  |  |  | 945,227 |
Deferred taxes |  | US$ | 268,271 |  |  | US$ | 220,316 |
Schedule of amount of deferred income tax |
Schedule of amount of deferred income tax |  |  |  |
|  | 2024 |  | 2023
Deferred income tax assets |  | US$ | 286,199 |  |  | US$ | 236,026 |
Deferred income tax liabilities |  |  | (17,928 | ) |  |  | (15,710 | )
Deferred income tax assets, net |  | US$ | 268,271 |  |  | US$ | 220,316 |
Schedule of reconciliation of deferred tax liability, net |
Schedule of reconciliation of deferred tax liability, net |  |  |  |
|  | 2024 |  | 2023
Opening balance as of January 1 |  | US$ | 220,316 |  |  | US$ | 197,548 |
Deferred income tax benefit during the current year recorded on profits |  |  | 47,870 |  |  |  | 22,316 |
Deferred income tax benefit during the current year recorded in accumulated other comprehensive loss |  |  | 157 |  |  |  | 394 |
Conversion effects |  |  | (72 | ) |  |  | 58 |
Closing balance as of December 31 |  | US$ | 268,271 |  |  | US$ | 220,316 |
Schedule of available tax loses carry-forwards |
Schedule of available tax loses carry-forwards |  |  |  |  |  |  |  |  |  |
Year of loss |  | Historical Losses |  | Adjusted losses |  | Amortized losses |  | Amount outstanding to amortize |  | Year of expiration
2020 |  | US$ | 3,345 |  |  | US$ | 1,698 |  |  | US$ | — |  |  | US$ | 1,698 |  |  | 2030
2021 |  |  | 670 |  |  |  | 780 |  |  |  | — |  |  |  | 780 |  |  | 2031
2022 |  |  | 99,203 |  |  |  | 107,885 |  |  |  | 107,885 |  |  |  | — |  |  | 2032
2022 |  |  | 5,515 |  |  |  | 5,515 |  |  |  | — |  |  |  | 5,515 |  |  | 2025
2023 |  |  | 9,504 |  |  |  | 9,504 |  |  |  | — |  |  |  | 9,504 |  |  | 2026
|  | US$ | 118,237 |  |  | US$ | 125,382 |  |  | US$ | 107,885 |  |  | US$ | 17,497 |  |  |
Schedule of breakdown of available tax loss carry-forward |
Schedule of breakdown of available tax loss carry-forward |  |  |  |  |  |  |  |
|  | Historical loss |  | Adjusted losses |  | Amortized losses |  | Total amount outstanding to amortize
Vuela Aviación |  | US$ | 15,529 |  |  | US$ | 15,019 |  |  | US$ | — |  |  | US$ | 15,019 |
Comercializadora |  |  | 3,345 |  |  |  | 1,698 |  |  |  | — |  |  |  | 1,698 |
Viajes Vuela |  |  | 670 |  |  |  | 780 |  |  |  | — |  |  |  | 780 |
|  | US$ | 19,544 |  |  | US$ | 17,497 |  |  | US$ | — |  |  | US$ | 17,497 |
Unrecognized Net Operating Losses (NOLs) |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (16,717 | )
|  |  |  |  |  |  |  |  |  |  |  |  |  | US$ | 780 |
Tax rate |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30 | %
Deferred income tax |  |  |  |  |  |  |  |  |  |  |  |  |  | US$ | 234 |
Schedule of tax balances |
Schedule of tax balances |  |
|  | 2024
Cuenta de Capital de Aportación (“CUCA”) |  | US$ | 286,961 |
Cuenta de Utilidad Fiscal Neta (“CUFIN”) (1) |  |  | 241,680 |
(1) | The calculation comprises all the subsidiaries of the Company.

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