Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 31

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 31
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 from U. S.
$138.2 million in 2023 to U. S. $216.5 million in 2024. We expect scheduled and unscheduled aircraft maintenance expenses to increase as
a percentage of our revenue over the next several years. Any significant increase in maintenance and repair expenses would have a material
adverse effect on our margins and our business, results of operations and financial condition.

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Our business could be harmed by a change in the availability
or cost of air transport infrastructure and airport facilities.

The lack of adequate air transport infrastructure can have
a direct adverse impact on our business operations, including our future expansion plans. The availability and cost of terminal space,
slots and aircraft parking are critical to our operations. Additional ground and maintenance facilities, including gates, hangars and
support equipment, will be required to operate additional aircraft in line with our expansion plans and may be unavailable in a timely
or economic manner in certain airports. Our inability to lease, acquire or access airport facilities on reasonable terms, at preferred
times or based upon adequate service, to support our operations and growth could have a material adverse effect on our operations.

Further, the modernization of old airports and the construction
of new airports may lead to increases in the costs of using airport infrastructure and facilities and may also result in an increase in
related costs, such as landing charges. Such increases may adversely affect our business, results of operations and financial condition.
Our ability to pass on such increased costs to our passengers is limited by several factors, including economic and competitive conditions.

We are exposed to increases in landing charges and other airport access
fees and restrictions, and cannot be assured access to adequate facilities and landing rights necessary to achieve our expansion plans.

We must pay fees to airport operators for the use of their
facilities. Any substantial increase in airport charges could have a material adverse impact on our results of operations and financial
condition. Passenger taxes and airport charges have also increased in recent years, sometimes substantially. We cannot assure you that
the airports used by us will not impose, or further increase, passenger taxes and airport charges in the future, and any such increases
could have an adverse effect on our results of operations and financial condition.

Certain airports that we serve (or that we plan to serve in
the future) are subject to capacity constraints and impose slot restrictions during certain periods of the day. As a result, we cannot
assure you that we will be able to obtain a sufficient