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Cash and cash equivalents
 12 Months Ended
Dec. 31, 2024
Cash And Cash Equivalents  
Cash and cash equivalents

6. Cash and cash equivalents

 

As of December 31, 2024 and 2023, this caption is comprised as follow:

 

Schedule of cash and cash equivalents            
   2024  2023
Cash in banks  US$ 281,358   US$ 117,764 
Cash on hand    657     850 
Short-term investments (Highly liquid investments/cash equivalent)    617,432     642,604 
Funds held in trust related to debt service reserves    8,534     12,936 
Total cash and cash equivalents  US$ 907,981   US$ 774,154 

 

As of December 31, 2024 and 2023, the Company recorded a portion of advance ticket sales by an amount of US$8,534 and US$12,936, respectively, as a fund (Note 1d). The funds held in Trusts are used to constitute the debt service reserves.