Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 378

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 378
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 12, “ Income Taxes,” a deferred
income tax asset should be recognized for the carry-forward of available tax losses to the extent that it is probable that future
taxable income will be available against which the available tax losses can be utilized. In these regards, the Company has recognized
as of December 31, 2024 and 2023 a deferred tax asset for tax losses of US$234and US$39,360, respectively.

An analysis of the available tax losses carry-forward of the
Company at December 31, 2024 is as follows:

  Schedule of available tax loses carry-forwards                                                                                                                                  
                                    Year of loss      Historical Losses                   Adjusted losses                   Amortized losses                  Year of expiration  
                                            2020      US$                      3,345      US$                    1,698      US$                    1,698                    2030  
                                            2021                                 670                               780                               780                    2031  
                                            2022                              99,203                           107,885                                 —                    2032  
                                            2022                               5,515                             5,515                             5,515                    2025  
                                            2023                               9,504                             9,504                             9,504                    2026  
                                                      US$                    118,237      US$                  125,382      US$                   17,497                          

During the years ended December
31, 2024 and 2023, the Company utilized US$107,885 and US$15,452 of
the available tax loss carry-forwards, respectively.

A breakdown of available tax loss carry-forward of Controladora
and its subsidiaries as of December 31, 2024 is as follows:

  Schedule of breakdown of available tax loss carry-forward                                                                                                                                                  
                                                                 Historical loss                  Adjusted losses                  Amortized losses      Total amount outstanding to amortize                
  Vuela Aviación                                                 US$                  15,529      US$                  15,019      US$                   US$                                         15,019  
  Comercializadora                                                                     3,345                            1,698                                                                         1,698  
  Viajes Vuela                                                                           670                              780                                                                           780  
                                                                 US$                  19,544      US$                  17,497      US$                   US$                                         17,497  
  Unrecognized Net Operating Losses (NOLs)                                                                                                                                                         (