Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 32

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 32
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 number of slots, gates and other facilities at airports to maintain or expand our
services. It is also possible that airports not currently subject to capacity constraints may become so in the future. In addition, an
airline must use its slots on a regular and timely basis or risks having those slots reallocated to other airlines. We may have to amend
our schedules, change routes or reduce aircraft utilization slots or other airport resources are not available or their availability is
restricted in some way, any of which could have an adverse effect on our business, results of operations and financial condition.

In addition, some of the airports we serve impose various
restrictions, including limits on aircraft noise levels, limits on the number of average daily departures and curfews on runway use. We
cannot assure you that airports at which there are no such restrictions may not implement restrictions in the future or that, where such
restrictions exist, they may not become more onerous. Such restrictions may limit our ability to continue to provide or to increase services
at such airports.

Our reputation and business could be adversely affected in the event of
an emergency, accident or similar incident involving our aircraft.

We are exposed to potential significant losses and material
adverse effects on our business in the event that any of our aircraft is subject to an emergency, accident, terrorist incident or other
similar incident, and significant costs related to passenger claims, repairs or replacement of a damaged aircraft and its temporary or
permanent loss from service. There can be no assurance that we will not be affected by such events, or that the amount of our insurance
coverage will be adequate in the event such circumstances arise and any such event could cause a substantial increase in our insurance
premiums. See “ - Increases in insurance costs and/or significant reductions in coverage would harm our business, results of
operations and financial condition.” In addition, any future aircraft emergency, accident or similar incident, even if fully covered
by insurance or even if it does not involve our airline, may create a public perception that our airline or the equipment we fly is less
safe or reliable than other transportation alternatives, which could have an adverse impact on our reputation and could have a material
adverse effect on our business, results of operations and financial condition.

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We are exposed to certain risks against which we do not have insurance.

In line with industry practice, we leave some business risks
uninsured including business interruption, loss of profit, environmental/pollution