Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 52

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 52
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 media reports and publications about the safety of our aircraft or the aircraft type we operate;  
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  changes in the price of fuel;  
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  announcements concerning the availability and reliability of the type of aircraft or engines we use;  
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  changes in government trade policies, including the imposition of tariffs;  
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  changes in financial estimates or recommendations by securities analysts or failure to meet analysts’ performance expectations;  
  or                                                                                                                               
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  sales of our common stock or other actions by investors with significant shareholdings.  

Many of these factors are beyond our control. Broad market
and industry factors could materially and adversely affect the market price of the ADSs and Series A shares, regardless of our actual
operating performance.

The stock markets in general have experienced substantial
volatility that has often been unrelated to the operating performance of particular companies. These types of broad market fluctuations
may adversely affect the trading price of our Series A shares and ADSs. In the past, stockholders have sometimes instituted securities
class action litigation against companies following periods of volatility in the market price of their securities. Any such litigation
against us could result in substantial costs, divert management’s attention and resources, and harm our business or results of operations.

The relatively low liquidity and high volatility of the Mexican securities
market may cause trading prices and volumes of our Series A shares and the ADSs to fluctuate significantly.

The Mexican Stock Exchange is one of Latin America’s
largest exchanges in terms of aggregate market capitalization of the companies listed therein, but it remains relatively illiquid and
volatile compared to other major foreign stock markets. Although the public participates in the trading of securities on the Mexican Stock
Exchange, a substantial portion of trading activity on the Mexican Stock Exchange is conducted by or on behalf of large institutional
investors. The trading volume for securities issued by emerging market companies, as Mexican companies, tends to be lower than the trading
volume of securities issued by companies in more developed countries. These market characteristics may limit the ability of a holder of
our Series A shares to sell its Series A shares and may also adversely affect the market price of the Series A shares and,
as a result