Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 289

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 289
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 Chief Executive Officer  
  By:                                                             /s/ Jaime E. Pous                      
  Name:                                                           Jaime E. Pous                          
  Title:                                                          Chief Financial Officer                

Date:
April 29, 2025

  171  

  Table of Contents  

CONTROLADORA VUELA COMPAÑÍ A DE AVIACIÓ N,

(d. b. a. VOLARIS)

Consolidated Financial Statements

Years Ended December 31, 2024 and 2023

with Independent Auditor’s Report

CONTROLADORA VUELA COMPAÑÍ A DE AVIACIÓ N,

S. A. B. DE C. V. AND SUBSIDIARIES

(d. b. a. VOLARIS)

Consolidated Financial Statements

As of December 31, 2024 and 2023 and for the years ended December
31, 2024, 2023 and 2022

Contents:

  Report of Independent Registered Public Accounting Firm (KPMG Cárdenas Dosal, S. C., Mexico, Audit Firm ID: 1141)      F-2   
  Consolidated Financial Statements:                                                                                           
  Consolidated Statements of Financial Position                                                                          F-6   
  Consolidated Statements of Operations                                                                                  F-7   
  Consolidated Statements of Comprehensive Income                                                                        F-8   
  Consolidated Statements of Changes in Equity                                                                           F-9   
  Consolidated Statements of Cash Flows                                                                                  F-10  
  Notes to the Consolidated Financial Statements                                                                         F-11  

  F-1  

Report of Independent Registered Public Accounting
Firm

To the Stockholders and Board of Directors
Controladora Vuela Compañía de Aviación, S. A. B. de C. V.:

Opinion on the Consolidated Financial Statements

We have audited the accompanying consolidated statements of financial position
of Controladora Vuela Compañía de Aviación, S. A. B. de C. V. and subsidiaries (the Company) as
of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income, changes in equity, and cash
flows for each of the years in the three-year period ended December 31, 2024, and the related notes (collectively, the consolidated financial
statements). In our opinion, the consolidated financial statements present fairly, in all material respects, the financial position of
the Company as of December