Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 142

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 142
---
─────────────────────────────────────────────────────────────
                                                   (In thousands of dollars, except for %)                                            
  Other operating income                                                          (54,710)      (206,444)      (151,734)       277.3  
  Fuel expense                                                                   1,165,078        893,987      (271,091)      (23.3)  
  Landing, take-off and navigation expenses                                        503,366        492,507       (10,859)       (2.2)  
  Salaries and benefits                                                            386,723        411,253         24,530         6.3  
  Depreciation of right of use assets                                              362,015        409,935         47,920        13.2  
  Sales, marketing and distribution expenses                                       167,341        169,472          2,131         1.3  
  Other operating expenses                                                         169,864        139,248       (30,616)      (18.0)  
  Aircraft and engine variable lease expenses                                      103,845        135,155         31,310        30.2  
  Maintenance expenses                                                              98,445        100,426          1,981         2.0  
  Depreciation and amortization                                                    134,296        183,115         48,819        36.4  
  Total operating expenses, net                                                  3,036,263      2,728,654      (307,609)      (10.1)  

  93  

  Table of Contents  

Total operating expenses, net decreased 10.1% in 2024
primarily attributed to the reduction of our operations and other factors described below.

Other Operating Income. The U. S.
$151.7 million, or 277.3%, increase in other operating income in 2024 was primarily driven by a higher number of sale and leaseback transactions
and the compensation received from the engine manufacturer related to preventive accelerated inspections for the GTF engines.

Fuel Expense. The 23.3% decrease in fuel expense
in 2024 was primarily due to an 11.6% reduction in the average economic fuel cost per gallon and a 13.3% decrease in fuel consumption
compared to 2023.

Landing, Take-off and Navigation Expenses. The
2.2% decrease in landing, take