Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 23

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 23
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terrorist attacks, war or political and social instability, natural disasters and other events. Furthermore, these types of situations
could have a prolonged effect on air transportation demand and on certain cost items.

The September 11 terrorists attacks, for example, have had
a severe and lasting adverse impact on the airline industry. Airline traffic in the United States fell dramatically after the attacks
and decreased severely throughout Latin America. The repercussions of the September 11 terrorist attacks, including increases in security,
insurance and fear of similar attacks, continue to affect us and the airline industry. Since the September 11 terrorist attacks, the DHS
and the TSA in the United States have implemented numerous security measures that restrict airline operations and increase costs and are
likely to implement additional measures in the future. For example, following the widely publicized attempt of an alleged terrorist to
detonate plastic explosives hidden underneath his clothes on a Northwest Airlines flight on Christmas Day in 2009, international passengers
became subject to enhanced random screening, which may include pat-downs, explosive detection testing or body scans.

Enhanced passenger screening, increased regulation governing
carry-on baggage and other similar restrictions on passenger travel may further increase passenger inconvenience and reduce the demand
for air travel. In addition, increased or enhanced security measures have tended to result in higher governmental fees imposed on airlines,
resulting in higher operating costs for airlines. Therefore, any future terrorist attacks or threat of attacks, whether or not involving
commercial aircraft, any increase in hostilities relating to reprisals against terrorist organizations, including an escalation of military
involvement in the Middle East, or otherwise and any related economic impact, could result in decreased passenger traffic and materially
and adversely affect our business, results of operations and financial condition.

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Public health threats, such as the Respiratory Syncytial Virus
(“ RSV”), COVID-19, the H1N1 flu virus, the bird flu, Severe Acute Respiratory Syndrome (“ SARS”), the Zika virus,
and other highly communicable diseases, could affect the suspension of domestic and international flights, travel behavior and could have
a material adverse effect on the economy, airline industry reputation, the price of our shares, our business, results of operations and
financial condition.

Health threats have historically impaired airline economics.
In the past, passenger traffic was negatively affected as a result of the H1N1 flu crisis, which resulted in lower overall demand for
intra-Latin America travel