Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 139

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 139
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 evaluated
through an analysis if there were signs of impairment in its long- lived assets and right- of use assets, and according to the result,
we concluded there were no signs of impairment.

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  Table of Contents  

Allowance
for Expected Credit Losses. An allowance for expected credit losses is established using the life-time expected credit loss
approach, based on objective evidence that we will not be able to collect all amounts due according to the original terms of the receivables.
At December 31, 2022, 2023, and 2024, the allowance for credit losses were U. S. $1.7 million, U. S. $1.3 million, and U. S. $0.8 million,
respectively.

Operating Revenues

2023 compared to 2024

                                                                   For the years ended December 31,                                               
                                                                                               2023            2024        Variation              
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                            (In thousands of dollars, except for %)                                               
  Operating Revenues                                                                                                                              
  Passenger revenues:                                                                                                                             
  Fare revenues                                                                           1,650,287       1,517,106        (133,181)       (8.1)  
  Other passenger revenues                                                                1,473,237       1,492,593           19,356         1.3  
  Non-passenger revenues:                                                                                                                         
  Other non-passenger revenues                                                              115,424         111,551          (3,873)       (3.4)  
  Cargo                                                                                      20,025          20,626              601         3.0  
  Total operating revenues                                                                3,258,973       3,141,876        (117,097)       (3.6)  
  Operating Data                                                                                                                                  
  Capacity (in ASMs in thousands)                                                        38,890,127      33,989,693      (4,900,434)      (12.6)  
  % Load factor booked                                                                           86              87                          0.8  
  Booked passengers (in thousands)                                                           33,497          29,473          (4,024)      (12.0)  
  Average passenger revenue per booked passenger                                                 49              51                2         4.1  
  Average other passenger revenue