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Description of the business and summary of material accounting policy informatio (Tables) | 12 Months Ended
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Dec. 31, 2024
Description Of Business And Summary Of Material Accounting Policy Informatio |
Schedule of companies included in the consolidated financial statements |
Schedule of companies included in the consolidated financial statements |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | % Equity interest
Name |  | Principal Activities |  | Country |  | 2024 |  | 2023
Concesionaria Vuela Compañía de Aviación S.A.P.I. de C.V. |  | Air transportation services for passengers, cargo and mail throughout Mexico and abroad |  | Mexico |  |  | 100 | % |  |  | 100 | %
Vuela Aviación, S.A. |  | Air transportation services for passengers, cargo and mail in Costa Rica and abroad |  | Costa Rica |  |  | 100 | % |  |  | 100 | %
Vuela, S.A. (“Vuela”) (1) |  | Air transportation services for passengers, cargo and mail in Guatemala and abroad |  | Guatemala |  |  | 100 | % |  |  | 100 | %
Vuela El Salvador, S.A. de C.V. |  | Air transportation services for passengers, cargo and mail in El Salvador and abroad |  | El Salvador |  |  | 100 | % |  |  | 100 | %
Comercializadora Volaris, S.A. de C.V. (“Comercializadora”) |  | Merchandising of services |  | Mexico |  |  | 100 | % |  |  | 100 | %
Servicios Earhart, S.A. (1) |  | Rendering specialized services to its affiliates |  | Guatemala |  |  | 100 | % |  |  | 100 | %
Servicios Corporativos Volaris, S.A. de C.V. (“Servicios Corporativos”) |  | Rendering specialized services to its affiliates |  | Mexico |  |  | 100 | % |  |  | 100 | %
Comercializadora V Frecuenta, S.A. de C.V. (“Loyalty Program”) (1) |  | Loyalty Program |  | Mexico |  |  | 100 | % |  |  | 100 | %
Viajes Vuela, S.A. de C.V. (“Viajes Vuela”) |  | Travel agency |  | Mexico |  |  | 100 | % |  |  | 100 | %
Guatemala Dispatch Service, S.A., (“GDS, S.A.”) |  | Aeronautical Technical Services |  | Guatemala |  |  | 100 | % |  |  | 100 | %
Fideicomiso Irrevocable de Administración número F/745291 “Administrative Trust” |  | Share administration trust (Note 18) |  | Mexico |  |  | 100 | % |  |  | 100 | %
Fideicomiso de Administración número CIB/3081 “Administrative Trust” |  | Share administration trust (Note 18) |  | Mexico |  |  | 100 | % |  |  | 100 | %
Fideicomiso Irrevocable de Administración número CIB/3249 “Administrative Trust” |  | Asset-backed securities trustor & administrator (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3853 (2) |  | Pre-delivery payments financing (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3855 (3) |  | Pre-delivery payments financing (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3866 (3) |  | Pre-delivery payments financing (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
CIBanco, S.A., Institución de Banca Múltiple, Fideicomiso CIB/3867 (4) |  | Pre-delivery payments financing (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
CIBanco, S. A, Institución de Banca Múltiple, Fideicomiso CIB/3921 (5) |  | Pre-delivery payments financing (Note 5) |  | Mexico |  |  | 100 | % |  |  | 100 | %
Bank of Utah, Fideicomiso N503VL(6) |  | Aircraft administration trust |  | Mexico |  |  | 100 | % |  |  | — |
Bank of Utah, Fideicomiso N504VL(7) |  | Aircraft administration trust |  | Mexico |  |  | 100 | % |  |  | — |
| (1) | The Company has not started operations.
| (2) | With effect from June 8, 2022, the Trust was constituted.
| (3) | With effect from April 1, 2022, the Trusts were constituted.
| (4) | With effect from April 13, 2022, the Trust was constituted.
| (5) | With effect from July 21, 2022, the Trust was constituted.
| (6) | With effect from March 15, 2024, the Trust was constituted.
| (7) | With effect from April 16, 2024, the Trust was constituted.
Consolidation by control
Name | Principal Activities | Country
North Star Financing Limited(1) (2) (SPV) | Private company limited by shares | Ireland
(1) | With effect from December 19, 2024, the private company limited by shares was constituted.
(2) | As of December 31, 2024, the Company does not hold an ownership interest in North Star Financing Limited. However, management has determined that the Company exercises control over the entity in accordance with IFRS 10 Consolidated Financial Statements.
Schedule of depreciation rates |
Schedule of depreciation rates |
| Annual depreciation rate
Flight equipment | 4.0-16.7%
Constructions and improvements | Remaining contractual lease term
Computer equipment | 25%
Workshop tools | 33.3%
Electric power equipment | 10%
Communications equipment | 10%
Workshop machinery and equipment | 10%
Motorized transport equipment platform | 25%
Service carts on board | 20%
Office furniture and equipment | 10%
Leasehold improvements to flight equipment | The shorter of: (i) remaining contractual lease term or (ii) the next major maintenance event (1)
(1) | The period is determined in accordance with usage.
Schedule of most relevant exchange rates utilized in the conversions to USD dollar |
Schedule of most relevant exchange rates utilized in the conversions to USD dollar |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | 2024 |  | 2023 |  | 2022
Currency |  | End of period exchange rate |  | Average exchange rate |  | End of period exchange rate |  | Average exchange rate |  | End of period exchange rate |  | Average exchange rate
Mexican Peso |  |  | Ps. | 20.2683 |  |  | Ps. | 18.3000 |  |  |  | Ps. | 16.8935 |  |  | Ps. | 17.7665 |  |  | Ps. | 19.3615 |  |  | Ps. | 20.1254
Colon |  |  | ₵. | 512.2300 |  |  | ₵. | 517.3692 |  |  |  | ₵. | 524.7900 |  |  | ₵. | 545.1760 |  |  | ₵. | 594.9700 |  |  | ₵. | 649.5908
Quetzal |  |  | Q. | 7.71833 |  |  | Q. | 7.7695 |  |  |  | Q. | 7.8301 |  |  | Q. | 7.8428 |  |  | Q. | 7.8515 |  |  | Q. | 7.7765
Colombian Peso |  |  | COP. | 4,409.15 |  |  | COP. | 4,071.03 |  |  |  | COP. | 3,822.05 |  |  | COP. | 4,327.66 |  |  | COP. | 4,810.20 |  |  | COP. | 4,255.44
Summary of estimated useful lives of the assets |
Summary of estimated useful lives of the assets |
Aircraft | up to 18 years
Spare engines | up to 18 years
Buildings leases | up to 10 years
Maintenance components | up to eight years

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