Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 84

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 84
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The airline industry in Mexico has seen sharp attrition, with
the exit of more than nine airlines since 2007, including Former Grupo Mexicana´s bankruptcy in April 2014, Interjet´s bankruptcy
in April 2023 and Transportes Aeromar, S. A. de C. V.’s cessation of operations in February 2023. This allowed us to further expand
our international service offering in a very short timeframe.

The following table sets forth the historical market shares
on international routes between Mexico, the United States and other countries, based on passenger flight segments, of key Mexican industry
participants for each of the periods indicated:

  Market Share (1)                                                                                        
  International                   2009       2010       2011       2012       2013       2014       2015  
  Volaris                         2.92       9.38      21.11      21.45      20.42      21.24      22.75  
  Grupo Aeroméxico               31.06      39.83      75.73      67.24      64.63      66.05      61.67  
  Former Grupo Mexicana (2)      65.36      49.94          —          —          —          —          —  
  Interjet (3)                       —          —       1.51       8.80      13.42      11.09      13.69  
  Viva                            0.43       0.84       1.54       2.13       0.81       0.91       1.52  

Source: AFAC - “ Traffic Statistics by Airline”

  (1)      Market share is obtained by dividing each Mexican airline’s number of passengers by the total number  

  (2)      Ceased operation in August 2010 and resumed operations in 2023.  
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  (3)      Suspended operations in December 2020 and declared bankruptcy in April 2023.  
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We have been able to grow our international market share in
the United States substantially over the past five years even with significant competition from leading U. S. carriers. As of December
31, 202