Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 379

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 379
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16,717  
                                                                                                                                                         US$                                            780  
  Tax rate                                                                                                                                                                                               30  
  Deferred income tax                                                                                                                                    US$                                            234  

The temporary differences associated with investments
in the Company’s subsidiaries, for which a deferred tax liability has not been recognized in the periods presented, aggregate in
2024 was US$15,679(2023 was US$7,833). The Company has determined that the undistributed profits of its subsidiaries will not be distributed
in the foreseeable future. The Company has an agreement with its associate that the profits of the associate will not be distributed until
it obtains the consent of the Company. The Company does not anticipate giving such consent at the reporting date. Furthermore, the Group
will not distribute its profits until it obtains the consent of all venture partners.

f) At December 31, 2024, the Company had the following
tax balances:

  Schedule of tax balances                                              
                                                     2024               
  Cuenta de Capital de Aportación (“ CUCA”)          US$       286,961  
  Cuenta de Utilidad Fiscal Neta (“ CUFIN”) (1)                241,680  

  (1)      The calculation comprises all the subsidiaries of the Company.  

As of December 31, 2024, the Company has tax proceedings regarding
uncertain tax positions by an amount of about US$78.5million, associated to the deductibility of certain Company expenses during 2013,
2014 and 2015. The Company has filed legal administrative procedures. Volaris considers that it has solid arguments to believe that it will not have adverse effects as no such
adjustments have been considered. Nonetheless, until all stages in the procedures are exhausted in each proceeding, the Company cannot
assure the achievement of a final favorable resolution.

21. Operating revenues

For the years ended December 31,2024, 2023 and 2022, the revenues from contracts with customers is described as follows:

  Schedule of revenues from contracts with customers                                                                                                                               
  Revenue recognition for the year ended December 31, 2024      At the flight time                                                       At the sale      Total                    
                                                                Domestic                               International                     Domestic         Revenues                 
  Passenger revenues                                                                                                                                                               
  Fare revenues                                                 US$                       930,837      US$                  586,269      US$              US$           1,517,106  
  Other passenger revenues                                                                902,312                           572,923                                     1,