Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 13

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 13
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cur in the future. As such, we cannot guarantee that we
will be able to maintain our costs at their current level. If our costs increase and we are no longer able to maintain a competitive cost
structure, it could have a material adverse effect on our business, results of operations and financial condition.

The airline industry is heavily regulated and our financial
condition and results of operations could be materially adversely affected if we fail to maintain the required U. S., Mexican, Central
American and South American governmental concessions or authorizations necessary for our operations.

The airline industry is heavily regulated and we are subject
to regulation in Mexico, the United States, Central America and South America for the routes we operate. In order to maintain the necessary
concessions, permits and authorizations issued by the SICT, acting through the AFAC, the DOT, the FAA and several of the aviation authorities
in the Central and South American countries in which we operate, including authorizations to operate our routes, we must continue to comply
with applicable statutes, rules and regulations pertaining to the airline industry, including any statutes, rules and regulations that
may be adopted in the future.

We cannot predict which criteria the SICT will apply for awarding
rights to landing slots, bi-lateral agreements, and international routes, which may prevent us from obtaining routes that may become available.
In addition, international routes are limited by bi-lateral agreements and our expansion plans in the international market will be limited
if we are unable to obtain new international routes. Furthermore, we cannot predict or control any actions that the DOT, the AFAC, FAA
or the aviation authorities in the Central and South American countries in which we operate may take in the future, which could include
restricting our operations or imposing new and costly regulations.

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Furthermore, our fares are subject to review by the AFAC and
some of the aviation authorities in the Central and South American countries in which we operate, any of which may in the future impose
restrictions on our fares. Our business, results of operations and financial condition could be materially adversely affected if we fail
to maintain the required U. S., Mexican, Central American and South American governmental concessions, permits or authorizations or slots
necessary for our operations.

The airline industry is subject to increasingly stringent environmental
regulations and non-compliance therewith may adversely affect our financial condition and results of operations.

The airline industry is subject to increasingly stringent
international and foreign laws and federal