Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 141

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 141
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,190                 3,258,973        411,783       14.5  
  Operating Data                                                                                                                                         
  Capacity (in ASMs in thousands)                                                        35,280,830                38,890,127      3,609,297       10.2  
  % Load factor booked                                                                           86        86                                       0.4  
  Booked passengers (in thousands)                                                           31,051                    33,497          2,446        7.9  
  Average passenger revenue per booked passenger                                                 54        49                            (5)      (9.3)  
  Average other passenger revenue per booked passenger                                           35        44                              9       25.7  
  Average total ancillary revenue per booked passenger                                           38        48                             10       26.3  
  Revenue passenger miles (RPMs in thousands)                                            30,191,210                33,448,937      3,257,727       10.8  

Fare
revenues. The 0.7% decrease in fare revenues in 2023 was primarily driven by 9.3% decrease in the average fare revenue per
booked passenger, partially offset by a 7.9% increase in booked passengers. Additionally, in 2023, ASM capacity increased in response
to passenger demand in our markets.

Other passenger revenues. The 36.6% increase
in other passenger revenues in 2023 was primarily driven by higher volume of passengers opting to purchase additional services and dynamic
pricing in ancillaries as compared to 2022. Additionally, new products and initiatives were implemented to increase the sales of ancillary
revenues.

Other non-passenger revenues. The 24.1%
increase in other non-passenger revenues in 2023 was primarily driven by higher revenues, mainly from our affinity credit card commissions.
The remainder of the increases was attributable to various other services, including advertising spaces to third parties, trip insurance
revenues, vacations packages among others as compared to 2022.

Cargo.
The 35.4% increase in cargo revenues in 2023 was primarily due to a higher volume of cargo operations recorded as compared to 2022.

Operating Expenses, net

2023 compared to 2024

                                                          For the years ended December 31,                                            
                                                                                      2023           2024      Variation              
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