Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 86

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 86
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 achieve the following
goals:

  to create a profitable and sustainable business model;  

  to successfully compete by creating structural advantages over other carriers serving Mexico through our ULCC business model;  

  to provide affordable air travel with a suitable and efficient experience for our customers; and  

  to create a dynamic, cost-conscious and entrepreneurial working culture for our employees.  

Our Strengths

We believe that our strengths are:

Low-Cost
Structure. We believe that in 2024 we had one of the lowest cost structures of any Latin American publicly traded airline,
with CASM of U. S. $8.03 cents, compared to Azul at U. S. $10.33 cents, Copa at U. S. $8.95 cents, and LATAM at U. S. $11.59 cents. In 2024,
we also had significantly lower costs than our U. S. based publicly traded target market competitors, including Alaska at U. S. $14.66 cents,
American at U. S. $17.61 cents, Delta at U. S. $19.30 cents, Jet Blue at U. S. $15.08 cents, Southwest at U. S. $15.32 cents, Frontier at
U. S. $9.32 cents, Spirit at U. S. $11.35 cents, Allegiant at U. S. $12.11 cents and United at U. S. $16.70 cents, according to publicly available
financial information.

We achieve our low operating costs in large part due to:

  Efficient and Single-Family Fleet. We operate a single and efficient fleet of Airbus A320 family aircraft, which is one of  
  the youngest fleets in the Americas, with an average age of 6.4 years as of December 31, 2024.                              
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  High Asset Utilization. Our fleet has a high-density seat configuration, and we had one of the highest worldwide average aircraft  

  Direct Sales Distribution. We encourage our customers to purchase tickets via our website, mobile app, call center, or airport         

  Variable, Performance-Based Compensation Structure. We compensate our employees based on the contribution they make to our  

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  Table of Contents  

Ancillary
Revenue Generation. By offering our passengers the flexibility to choose which additional products and services they purchase
and use through our unbundling strategy