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Description of the business and summary of material accounting policy informatio (Tables)
12 Months Ended
Dec. 31, 2024
Description Of Business And Summary Of Material Accounting Policy Informatio  
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
 
  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
                                     
   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
 
Aircraft up to 18 years
Spare engines up to 18 years
Buildings leases up to 10 years
Maintenance components up to eight years