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Fair value measurements (Tables)
 12 Months Ended
Dec. 31, 2024
Fair Value Measurements  
Schedule of carrying amounts and fair values of financial instruments
                        
   Carrying amount  Fair value
   December 31, 2024  December 31, 2023  December 31, 2024  December 31, 2023
Assets                    
Derivative financial Instruments  US$ 702   US$ 1,683   US$ 702   US$ 1,683 
                         
Liabilities                        
Financial debt (Interest-bearing loans and borrowings)    (800,112)    (649,153)    (846,456)    (671,590)
Total  US$ (799,410)  US$ (647,470)  US$ (845,754)  US$ (669,907)

 

The following table summarizes the fair value measurements by hierarchy as of December 31, 2024:

 

   Fair value measurement
   Quoted prices in active markets Level 1  Significant observable inputs Level 2  Significant unobservable inputs Level 3  Total
Assets                        
  Derivatives financial instruments:                        
  Jet Fuel Asian Call Options (1)  US$ —     US$ 431   US$ —     US$ 431 
  Interest rate Caps    —       271     —       271 
Liabilities                        
Liabilities for which fair values are disclosed:                        
  Interest-bearing loans and borrowings (2)    —       (846,456)    —       (846,456)
Net  US$ —     US$ (845,754)  US$ —     US$ (845,754)
(1) Jet fuel forward levels.
(2) SOFR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt.

There were no transfers between level 1 and level 2 during the period.

 

The following table summarizes the fair value measurements by hierarchy as of December 31, 2023.

 

   Fair value measurement
   Quoted prices in active markets Level 1  Significant observable inputs Level 2  Significant unobservable inputs Level 3  Total
Assets                        
  Derivatives financial instruments:                        
  Interest rate Caps  US$ —     US$ 1,683   US$ —     US$ 1,683 
Liabilities                        
Liabilities for which fair values are disclosed:                        
  Interest-bearing loans and borrowings (1)    —       (671,590)    —       (671,590)
Net  US$ —     US$ (669,907)  US$ —     US$ (669,907)
(1) SOFR curve and TIIE Mexican interbank rate. Includes short-term and long-term debt.

There were no transfers between level 1 and level 2 during the period.
Schedule of (loss) gain on derivatives recognized in consolidated statements of operations
                     
Instrument  Financial statements caption  2024  2023  2022
Jet fuel Asian call options contracts  Fuel expense  US$ (1,317)  US$ —     US$ —   
Interest rate cap  Finance cost    (896)    (579)    (161)
Total     US$ (2,213)  US$ (579)  US$ (161)
Schedule of net (loss) gain on CFH before taxes recognized in the consolidated statements of comprehensive income
                     
Instrument  Financial statements caption  2024  2023  2022
Jet fuel Asian call options contracts  OCI  US$ (307)  US$ —     US$ —   
T-Locks  OCI    (117)    —       —   
Interest rate cap  OCI    30     (1,175)    336 
Total     US$ (394)  US$ (1,175)  US$ 336