Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 336

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 336
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 currency for Controladora and its main subsidiaries.
Transactions are primarily denominated in U. S. dollars and Mexican pesos, with minor transactions denominated in other currencies such
as Quetzales, Colombian pesos and Colones.

Foreign currency risk arises from possible unfavorable movements
in the exchange rate, which could have a negative impact in the Company’s cash flows. To mitigate this risk, the Company may use
foreign exchange derivative financial instruments and non-derivative financial instruments.

The summary of quantitative data about the Company’s
exposure to currency risk as of December 31, 2024 is as set forth as shown in the next page.

  Schedule of foreign exchange exposure                                                                                  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                             Mexican Pesos                                       Others (1)              
                                             (In thousands of U. S. dollars)                                             
  Assets:                                                                                                                
  Cash and cash equivalents                  US$                                     69,156      US$             31,847  
  Other accounts receivable, net                                                     45,381                         676  
  Guarantee deposits                                                                 27,710                         445  
  Derivative financial instruments                                                      271                           —  
  Other assets                                                                        5,169                           —  
  Total assets                               US$                                    147,687      US$             32,968  
  Liabilities:                                                                                                           
  Financial debt                             US$                                    118,590      US$                  —  
  Lease liabilities                                                                  19,772                          52  
  Suppliers                                                                         132,244                       2,537  
  Other liabilities                                                                 253,822                       2,206  
  Total liabilities                          US$                                    524,428      US$              4,795  
  Net foreign currency position              US$                                  ( 376,741      US$             28,173  

  (1)      The foreign exchange exposure mainly includes: Colones, Colombian pesos and Quetzales.  

The summary of quantitative data about the Company’s exposure
to currency risk as of December 31, 2023 is as set forth below:

                                        Mexican Pesos                                       Others (1)              
                                        (In thousands of U. S. dollars)                                             
  Assets:                                                                                                           
  Cash and cash equivalents             US$                                    100,488      US$             13,287  
  Other accounts receivable, net                                                54,594                      34,650  
  Guarantee deposits                                                            29,951