Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 337

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 19
Chunk 337
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 514  
  Derivative financial instruments                                               1,683                           —  
  Total assets                          US$                                    186,716      US$             48,451  
  Liabilities:                                                                                                      
  Financial debt                        US$                                    186,251      US$                  —  
  Lease liabilities                                                             19,655                          73  
  Suppliers                                                                    142,453                       2,254  
  Other liabilities                                                             57,283                       2,958  
  Total liabilities                     US$                                    405,642      US$              5,285  
  Net foreign currency position         US$                                  ( 218,926      US$             43,166  

  (1)      The foreign exchange exposure mainly includes: Colones, Colombian pesos and Quetzales.  

At April 29, 2025, the exchange rate was $US1 per Ps. 19.5478.

In determining the spot exchange rate to use on initial recognition
of the related asset, expense or income (or part of it) on the derecognition of a non-monetary asset or non-monetary liability relating
to advance consideration, the date of the transaction is the date on which the Company initially recognizes the non-monetary asset
or non-monetary liability arising from the advance consideration. If there are multiple payments or receipts in advance, the Company determines
the transaction date for each payment or receipt of advance consideration.

As of December 31, 2024, 2023 and 2022, the Company did not
enter into foreign exchange rate derivatives financial instruments.

Foreign currency sensitivity

The following table
demonstrates the sensitivity of a reasonably possible change in Mexican peso exchange. The rate to U. S. dollar that would have occurred
as of December 31, 2024 and 2023, with all other variables held constant. The movement in the pre-tax effect shown below represents
the result of a change in the fair value of assets and liabilities denominated in Mexican peso. The Company’s exposure to foreign
currency exchange rates for all other currencies is not material.

  Schedule of sensitivity analysis of change in fair value of interest hedging instrument                                                     
                                                                                               Change in      Effect on profit                
                                                                                               MXN$ rate      before tax                      
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                                                                              (In thousands of                
                                                                                     2024      + 5            US$                   (