Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 119

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 119
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 of CASM for the periods indicated:

                                                   For the years ended December 31,                        
                                                                               2022       2023       2024  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                 (In dollars cents)                        
  Other operating income                                                      (0.1)      (0.1)      (0.6)  
  Fuel expense                                                                  3.7        3.0        2.6  
  Landing, take-off and navigation expenses                                     1.1        1.3        1.4  
  Salaries and benefits                                                         0.8        1.0        1.2  
  Depreciation of right of use assets                                           0.9        0.9        1.2  
  Sales, marketing and distribution expenses                                    0.4        0.4        0.5  
  Aircraft and engine variable lease expenses                                   0.4        0.3        0.4  
  Maintenance expenses                                                          0.3        0.3        0.3  
  Other operating expenses                                                      0.2        0.4        0.5  
  Depreciation and amortization                                                 0.2        0.3        0.5  
  Total operating expenses, net                                                 7.9        7.8        8.0  

Trends and Uncertainties Affecting Our Business

We believe our operating and business performance is driven
by various factors that affect airlines and their markets, trends affecting the broader travel industry, and trends affecting the specific
markets and customer base that we target. The following key factors may affect our future performance.

Continued
conflict between Russia and Ukraine and the conflict in the Middle East. Following the geopolitical crisis in Eastern Europe,
on February 21, 2022, the Russian Federation recognized the independence of the Ukrainian separatist regions of Donetsk and Luhansk in
the Donbas region. The next day, the Federal Council of Russia authorized use of military force abroad, which triggered an invasion of
Ukraine by the Russian Armed Forces on February 24, 2022.

The invasion was widely condemned internationally with several
sanctions being imposed against Russia and Belarus. As a result, the global markets reacted negatively, with fuel prices surging to their
highest level since 2008 amid global concerns on the commodity supply, affecting costs for the aviation