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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Operating activities      
  Net income (loss) $ 126,375 $ 7,819 $ (80,224)
  Adjustments for:      
    Depreciation and amortization (including right-of-use-assets) (Notes 12, 13 and 14) 593,050 496,311 417,929
    Allowance for credit losses (Note 8) 818 1,330 1,672
    Finance income (Note 23) (49,444) (38,222) (12,902)
    Finance cost 292,135 218,130 191,809
    Net foreign exchange (gain) loss differences (10,245) 25,471 (8,669)
    Derivative financial instruments (Notes 3 and 4) 2,213 579 161
Amortized Cost (CEBUR) 608 634 566
    Net gain on disposal of rotable spare parts, furniture and equipment (Note 22) (33,633) (11,815) (19,548)
    Employee benefits (Note 17) 1,205 3,296 7,210
    Aircraft and engine lease extension benefit and other benefits from service       agreements (761) (761) (517)
     Income tax expense (benefit) 56,314 (377) (52,139)
    Management incentive and long-term incentive plans 5,178 5,769 709
Cash flow from used in operations before changes in working capital  983,813 708,164 446,057
  Changes in operating assets and liabilities:      
    Related parties (15,643) 3,390 6,570
    Other accounts receivable 63,363 (7,784) 49,670
    Recoverable and prepaid taxes 74,683 69,607 (33,293)
    Inventories (516) (359) (1,361)
    Prepaid expenses (35,991) (24,488) (21,489)
    Other assets (2,904) (1,904) (12,494)
    Guarantee deposits (48,634) (58,243) (13,445)
    Suppliers (70,072) 36,620 86,627
    Accrued liabilities 56,661 (24,929) 17,201
    Other taxes and fees payable (29,005) (9,453) 44,985
    Unearned transportation revenue (623) (3,069) 42,487
    Derivative financial instruments (2,055)
    Other liabilities 85,626 41,775 40,429
Cash generated from operating activities 1,058,703 729,327 651,944
Interest received 49,444 38,222 12,902
Income taxes paid (18,418) (37,724) (51,244)
Net cash flows provided by operating activities 1,089,729 729,825 613,602
Investing activities      
  Acquisitions of rotable spare parts, furniture and equipment (Note 12) (583,075) (480,753) (347,147)
  Acquisitions of intangible assets (Note 13) (17,598) (10,387) (6,790)
  Acquisitions of other investments (31,840) (17,012)
  Pre-delivery payments reimbursements (Note 12) 159,993 45,085 221,253
  Proceeds from disposals of rotable spare parts, furniture and equipment 122 1,990
  Proceeds from disposals of aircraft 901
Net cash flows used in investing activities (472,520) (462,044) (130,694)
Financing activities      
  Transaction costs related to the CEBUR offering and other financing (1,691) (2,547)
  Proceeds from exercised stock options 11
  Proceeds from sale of treasury shares 1,018
  Derivative financial instruments (124) (1,493)
  Treasury shares purchase (5,065) (4,021) (5,239)
  Interest paid (58,448) (37,179) (17,637)
  Payments of leases liabilities (Note 14) (583,395) (529,074) (449,004)
  Payments of financial debt (208,087) (97,909) (196,565)
  Proceeds from financial debt 385,240 456,808 155,357
Net cash flows used in financing activities (471,570) (214,386) (513,088)
Increase (decrease) in cash and cash equivalents 145,639 53,395 (30,180)
Net foreign exchange differences on cash balance (11,812) 8,906 911
Cash and cash equivalents at beginning of year 774,154 711,853 741,122
Cash and cash equivalents at end of year $ 907,981 $ 774,154 $ 711,853