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

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 25
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, which could result in reduced passenger
demand, revenue, and further capacity reductions. In addition, if governments in the markets in which we operate impose total or partial
lockdowns in all or part of their respective jurisdictions or shut down airports in response to public health threats, it may result in
our inability to operate flights, which would have a material adverse effect on our business, results of operation and financial condition.

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  Table of Contents  

Risks related to our business

We may not be able to implement our growth strategy.

Effectively implementing our growth strategy is critical for
our business to achieve economies of scale and to sustain or increase our profitability. Our growth strategy includes:

  increasing our flights to markets we currently serve;  

  expanding the number of markets we serve, focusing on new markets where we expect our ultra-low-cost structure to be successful; and  

  acquiring or leasing additional aircraft or engines or spare parts from other owners, operators or lessors on acceptable terms.  

We face numerous challenges in implementing our growth strategy,
including our ability to:

  maintain profitability;  

  access airports located in our targeted geographic markets where we can operate routes in a manner that is consistent with our cost  

  continuous development and investment of airport infrastructure;  

  maintain our high-level service notwithstanding the number of different ground transportation services and airport companies that  

  maintain satisfactory economic arrangements (including benefits) with our executives and our union;  

  access sufficient gates, slots and other services at airports we currently serve or may seek to serve;  
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  obtain authorization of new routes;  

  manage through, and have adequate response for, epidemics or pandemics;  

  comply with environmental regulations;  

  renew or maintain our Concessions, permits and authorizations;  

  gain access to international routes;  

  hire, train and retain qualified pilots, flight attendants, maintenance technicians, ground personnel and other strategic personnel;  

  obtain financing to acquire new aircraft and in connection with our operations; and  

  manage our fleet capacity when limited by external events such as: supply chain disruptions, recalls and inspections.  

Our growth depends upon our ability to maintain a safe and
secure operation. Failure to hire and retain trained personnel, maintain suitable arrangements with our union, timely secure the required
equipment, facilities and airport services in a cost-effective manner, operate our business efficiently or obtain or maintain the necessary
regulatory approvals may adversely