Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 381

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 381
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1, the Company
entered into a new amendment to the referred agreement to purchase39additionalA320 New Engine
Option (“ NEO”) Family Aircraftto be delivered between 2023 and 2029. In addition to the acquisition of these39aircraft,
the Company exercised its rights under the purchase agreement with Airbus to convert19aircraft from A320NEO to A321NEO aircraft of its
current order, all to support the Company’s targeted growth markets in Mexico, United States, Central America and South America.

On October 10, 2022, the Company executed an amendment
to our existing Airbus purchase agreement for the purchase of25A321NEO aircraft, all to be delivered in 2030.

On November 26, 2024, the Company entered into an amendment
agreement with Airbus to the existing purchase agreement to reschedule the deliveries for the131pending aircraft between 2025 and 2031.

Litigation

The Company is a party to legal proceedings and claims
that arise during the ordinary course of business. Certain proceedings are considered possible obligations. Based on the plaintiffs’
claims, as of December 31, 2024 and 2023, these possible contingencies amount to a total of US$37.1million (US$2.1million
related to legal matters, US$5.0 million related to labor matters and US$30.0 million related to other contributions matters), US$29.4million (US$2.8million related to legal matters, US$6.1million related to labor matters and US$20.5million related to other contributions
matters), respectively.

26. Operating segments

The Company is managed as a single business unit that provides
air transportation services. The Company has twogeographic segments identified below:

  Schedule of operating segments                                                                                
                                         2024                     2023                     2022                 
  Operating revenues:                                                                                           
  Domestic (Mexico)                      US$       1,956,549      US$       2,060,744      US$       1,909,744  
  International:                                                                                                
  United States of America                           965,684                  931,184                  758,609  
  Central America and South America                  219,643                  267,045                  178,837  
  Total operating revenues               US$       3,141,876      US$       3,258,973      US$       2,847