Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 89

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 89
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 31, 2024, we had approximately 5.4 million fans on Facebook,
1.9 million followers on X (formerly Twitter), 619 thousand followers on Instagram, 55 thousand subscribers on YouTube and 233 thousand
followers on TikTok, where we primarily focus on marketing, customer service and promotion. Our social media reach has been an effective
and very low-cost marketing tool for us and has afforded us the capability to develop highly effective, targeted marketing promotions
on very short notice. We have also established various programs to make air travel more inviting for first-time travelers and other passengers
who may desire additional services. On April 16, 2021, we received the Famous Brand Declaration from the Mexican Institute of Industrial
Property for the “ Volaris” brand.

Solid
Balance Sheet. We have a healthy level of financial debt, since we have principally financed our operations through equity
and operating cash flows, and we have only used operating leases for our aircraft. We believe that our strong financial position enables
us to prudently finance new growth opportunities in our markets and to defend our existing network from our competitors. As of December
31, 2024, we had a balance of U. S. $908.0 million in cash and cash equivalents, representing 29% of our last twelve months operating revenues.
Additionally, as of December 31, 2024, our credit lines totaled U. S. $1,873.4 million, which include U. S. $1,315.4 million were related
to financial debt (U. S. $308.6 million are undisbursed) and U. S. $558.0 million were related to letters of credit (U. S. $229.3 million
are undisbursed). As of December 31, 2024, we had available lines of credit of U. S. $537.9 million.

Strong
Company Culture, Experienced Management Team and Principal Shareholders. We have developed a strong company culture among
our employees that is focused on safety, meritocracy, efficiency and profitability, with a significant component of variable, performance-based
compensation structure. Our management team has been assembled with experienced executives in their respective fields, including in the
aviation, sales and marketing, finance or IT industries in Latin America. In addition, our principal shareholders have extensive prior
experience in funding, establishing and leading airline carriers around the world. Their expertise has helped us develop our ULCC business