Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 150

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 150
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.2 million on December 31, 2023, to U. S. $908.0 million on December 31, 2024. As of December 31, 2024, our credit lines
total U. S. $1,873.4 million, of which U. S. $1,315.4 million were related to financial debt (U. S. $308.6 million were undrawn) and U. S.
$558.0 million were related to letters of credit (U. S. $229.3 million were undrawn). As of December 31, 2024, we had available lines of
credit of U. S. $537.9 million. As of December 31, 2023, our credit lines total U. S. $1,388.8 million, of which U. S. $960.9 million were
related to financial debt (U. S. $228.4 million were undrawn) and U. S. $427.9 million were related to letters of credit (U. S. $178.8 million
were undrawn). As of December 31, 2023, we had available lines of credit of U. S. $407.2 million. As of December 31, 2022, our credit lines
total U. S. $859.1 million, of which U. S. $701.2 million were related to financial debt (U. S. $390.3 million were undrawn) and U. S. $157.9
million were related to letters of credit (U. S. $16.1 million were undrawn).

We have an investment policy to optimize the performance and
ensure availability of, and minimize the risk associated with, the investment of cash, cash equivalents and short-term investments. Such
policy provides guidelines regarding minimum balance, currency mix, instruments, deadlines, counterparties, and credit risk. As of December
31, 2024, 90% of our cash, cash equivalents and short-term investments were denominated in U. S. dollars while 7% were denominated in pesos,
and 3% were denominated in other currency. See Note 3 to our audited consolidated financial statements included elsewhere in this annual
report.

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Net
cash flows provided by operating activities. We primarily rely on cash flows from operating activities to provide working
capital for current