Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 94

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 94
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 revenue at the time the service is provided.

Revenues from cargo services are recognized when the cargo transportation
is provided (upon delivery of the cargo to the destination).

We make efficient use of extra capacity in our
aircraft by carrying cargo on our passenger flights. We offer cargo transportation services on all domestic routes. All ground cargo handling
services, including storage services offered to several third party providers, and the related cost of such services, are paid by our
cargo customers and are rendered by specific suppliers. We offer competitive rates and our services include reception, check-in, shipping
and delivery to the final destination.

We also offer charter services, which do not represent a significant
part of our total operating revenues.

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  Table of Contents  

We also generate revenues from the Volaris cobranded credit
card (“ Volaris INVEX”), from multiple revenue streams, such as: billing, redemption, free flights for new customers, among
others. Revenue from the Volaris INVEX accounted for 4% of our other non-passenger revenues as of December 31, 2024. We closed 2024 with
approximately 1.3 million V-Club members and 941,000 Volaris INVEX holders. For more information on V-Club and the Volaris INVEX, see
“ - Sales, Distribution, Marketing and Advertising - Marketing and Advertising.”

Route Network

We currently serve 73 cities throughout Mexico, the United
States, Central and South America. We operate up to 550 average daily segments on routes that connect 44 cities in Mexico and 29 cities
in the United States and Central and South America.

The map below sets forth the destinations we currently serve:

Our route network is designed to provide service within Mexico
and between Mexico, the United States, and Central and South America, and in particular those with large Hispanic and Mexican American
communities, which are primarily concentrated in California and Texas. As part of our point-to-point strategy, we generally offer direct
flights between cities with high traffic demand. We believe this scheduling approach allows us to serve a greater number of cities more
frequently, leading to higher load factors and increased aircraft utilization, providing us with greater flexibility in our scheduling
options.

To minimize turnaround times, we schedule flights to arrive
at each destination and depart shortly after. Many of our evening flights are intended to provide red-eye travel options for longer routes,
appealing to customers seeking to save on lodging expenses. Meanwhile