XML 42 R25.htm IDEA: XBRL DOCUMENT
v3.25.1

Employee benefits | 12 Months Ended
--- | ---
Dec. 31, 2024
Employee Benefits |
Employee benefits | 17. Employee benefits The components of net period cost recognized in the consolidated statements of operations and the obligations for seniority premium for the years ended December 31, 2024, 2023 and 2022 are as follows:
Schedule of analysis of net period cost |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Analysis of net period cost: |  |  |  |  |  |  |  |  |
Current service cost |  | US$ | 222 |  |  | US$ | 2,187 |  |  | US$ | 6,518 |
Interest cost on benefit obligation |  |  | 983 |  |  |  | 1,109 |  |  |  | 692 |
Net period cost |  | US$ | 1,205 |  |  | US$ | 3,296 |  |  | US$ | 7,210 |
Changes in the defined benefit obligation are as follows:
Schedule of changes in defined benefit obligation |  |  |  |  |  |  |  |
|  | 2024 |  | 2023
Defined benefit obligation as of January 1 |  | US$ | 14,644 |  |  | US$ | 10,987 |
Net period cost charged to profit or loss: |  |  |  |  |  |  |  |
Current service cost |  |  | 222 |  |  |  | 2,187 |
Interest cost on benefit obligation |  |  | 983 |  |  |  | 1,109 |
Remeasurement losses in other comprehensive income: |  |  |  |  |  |  |  |
Actuarial changes arising from changes in assumptions |  |  | 130 |  |  |  | 107 |
Payments made |  |  | (879 | ) |  |  | (1,321 | )
Conversion effect foreign currency |  |  | (2,310 | ) |  |  | 1,575 |
Defined benefit obligation as of December 31 |  | US$ | 12,790 |  |  | US$ | 14,644 |
The significant assumptions used in the computation of the seniority premium obligations are shown below:
Schedule of significant assumptions used in the computation of the seniority premium obligations |  |  |
| 2024 |  | 2023
Financial: |  |  |
Discount rate | 10.69% |  | 9.69%
Expected rate of salary increases | 5.60% |  | 5.60%
Annual increase in minimum salary | 3.75%(1) (2) |  | 3.75%(1) (2)
Biometric: |  |  |
Mortality (3) | EMSSA 09, CEPAL 2010 EL SALVADOR - COSTA RICA |  | EMSSA 09, CEPAL *2010 EL SALVADOR, CEPAL *2010 COSTA RICA
Disability (4) | IMSS-97 |  | IMSS-97
(1) | 3.75% applies to the General Zone and Border Zone in Mexico.
(2) | Border Zone is made up of the states that border the United States, and the General Zone is made up of the rest of the states of the country.
(3) | Mexican Experience of social security (EMSSA), Economic Commission for Latin America and the Caribbean (CEPAL for its Spanish acronym).
(4) | Mexican Experience of Instituto Mexicano del Seguro Social (IMSS).
As of December 31, 2024 and 2023, the accruals related to employee profit-sharing, which is included as part of short-term other liabilities caption, are as follows:
Schedule of accruals for short-term employee benefits |  |  |  |  |  |  |  |
|  | 2024 |  | 2023
Employee profit-sharing (Note 16) |  | US$ | 18,755 |  |  | US$ | 1,500 |
Sensitivity analysis A reasonably possible variation at the date of the report, in one of the most significant actuarial assumptions, and assuming that the rest of the variables had remained constant, would have affected the benefit obligations defined as of December 31, 2024 in the amounts shown on the next page.
Schedule of sensitivity analysis of benefit obligations |  |  |  |  |  |  |  |  |  |
|  |  |  | Present value of the defined benefit obligation (In thousands of U.S. dollars)
Assumptions |  |  |  | Increase |  | Decrease
Discount rate: |  | 50 basis points |  | US$ | 12,111 |  |  | US$ | 13,529 |
Statutory minimum wage increase rate: |  | 50 basis points |  | US$ | 13,038 |  |  | US$ | 12,560 |
Salary increase rate: |  | 50 basis points |  | US$ | 13,267 |  |  | US$ | 12,349 |

X
- References No definition available. + Details
Name: | VLRS_DisclosureEmployeeBenefitsAbstract
Namespace Prefix: | VLRS_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | VLRS_DisclosureOfDefinedEmployeeBenefitPlansExplanatory
Namespace Prefix: | VLRS_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration