Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 375

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 375
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 year, plus the weighted average number of ordinary shares that
would be issued on conversion of all the dilutive potential ordinary shares into ordinary shares (to the extent that their effect is dilutive).

The following table shows the calculations of the basic and
diluted earnings income per share for the years ended December 31, 2024, 2023 and 2022.

  Schedule of basic and diluted earnings (loss) per share                                                                                                 
                                                                     As of December 31,                                                                   
                                                                     2024                                   2023                     2022                 
  Net income (loss) for the period                                   US$                       126,375      US$           7,819      US$        ( 80,224  
  Weighted average number of shares outstanding (in thousands):                                                                                           
  Basic                                                                                      1,150,743                1,152,609                1,155,030  
  Diluted                                                                                    1,165,859                1,165,451                1,165,135  
  Earnings (loss) per share:                                                                                                                              
  Basic                                                              US$                         0.110      US$           0.007      US$         ( 0.069  
  Diluted                                                            US$                         0.108      US$           0.007      US$         ( 0.069  

There have been no other transactions involving ordinary shares
or potential ordinary shares between the reporting date and the date of authorization of these financial statements.

20. Income tax

a) In accordance with the MITL, the Company and its Mexican
subsidiaries are subject to income tax and each files its tax returns on an individual entity basis and the related tax results are included
in the accompanying consolidated financial statements. The income tax is computed taking into consideration the taxable and deductible
effects of inflation, such as depreciation calculated on adjusted assets values. Taxable income is increased or reduced by the effects
of inflation on certain monetary assets and liabilities through the annual inflation adjustment.

  (i)      Based on the approved law, corporate income tax current rate for 2024, 2023 and 2022 and thereafter is 30%.  
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  (ii)      The tax rules include limits in the deductions of the exempt compensation                                                                       

  (iii)      The MITL sets forth criteria and limits for applying some deductions, such as the deduction of