Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 24

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 24
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, especially to and from Mexico. Latin American travel has also been negatively affected as a result of the
Zika virus and the COVID-19 pandemic.

As in the past, future health threats may cause countries
around the world to implement containment measures, including imposing quarantines and medical screenings, restricting domestic and international
travel, closing borders, restricting or prohibiting public gatherings and widely suspending previously scheduled activities and events.
In addition, as in the past, concerns related to any future public health threats may drastically reduce demand for air travel and cause
major disruptions and volatility in global financial markets, resulting in the fall of stock prices (including the price of our stock).
Broad and continuing concerns related to the effects of any future health threats on international trade disruptions (including supply
chain disruptions and export levels), travel, restrictions on access to facilities or aircraft, requirements to collect additional passenger
data, employee productivity, employee illness, increased unemployment levels, securities markets, and other economic activities, particularly
for airlines, have had and may in the future continue to have a destabilizing effect on financial markets and economic activity.

Furthermore, our operations could be negatively affected
if essential employees are required to be quarantined as the result of an actual or suspected exposure to public health threats. In the
case of public health threats -any shutdowns involving us or any of our subsidiaries, our contractors, suppliers, customers and other
business partners, our business, results of operations and financial condition may also be materially adversely affected. Furthermore,
any actions taken by governmental authorities and other third parties in response to a pandemic may negatively impact our business, results
of operations and financial condition. If as result of public health threats that disrupts our operations, our liquidity is materially
diminished, we might not be able to timely pay our leases and debts or comply with certain operating and financial covenants under our
financing agreements or with other material provisions of our contractual obligations and may negatively impact our business, results
of operations and financial condition.

We cannot predict the full extent of the impact of any future
public health threats on our operational and financial performance. The extent of the impact will depend on a number of developments,
many of which could be temporary or permanent and are outside of our control, such as the timing of recovery, the volatility of aircraft
fuel prices and customer behavior, and changes in their preferences.

We can offer no assurance that additional travel restrictions,
requirements or border closures will not be enacted or reenacted in the countries where we operate