Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 47

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 47
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 party in control of the legislature in any of the countries in which we operate could result in changes to the countries’
economic, political, or social conditions, and in changes to laws, regulations and public policies, which may contribute to economic uncertainty
or adverse business conditions and could also materially impact our business, financial condition, liquidity and results of operations.
Similarly, if no political party wins a clear majority in the legislative bodies of these countries, legislative gridlock and political
and economic uncertainty may continue or result.

These and other political, economic, social and geopolitical
issues have the potential to materially and adversely impact the global economy, financial markets and the overall stability of the countries
and regions in which we operate and, in turn, our business, financial condition, liquidity and results of operations.

If we are unable to attract and retain qualified personnel or fail to maintain
our company culture, our business, results of operations and financial condition could be harmed.

We require large numbers of pilots, flight attendants, maintenance
technicians and other personnel, and our growth strategy will require us to hire, train and retain a significant number of new employees
in the future. The airline industry has from time to time experienced a shortage of qualified personnel, particularly with respect to
pilots and maintenance technicians. This has been particularly acute for Mexico. Retaining and recruiting people with the appropriate
skills is particularly challenging as the economy in general, and the airline industry in particular, resulting in competition for the
human resources necessary to operate our business successfully. We may be required to increase wages and/or benefits or to implement additional
training programs in order to attract and retain qualified personnel. If we are unable to hire, train and retain qualified employees,
our business could be adversely affected and we may be unable to complete our growth plans. In addition, the airline industry has, from
time to time, experienced a shortage of qualified personnel and employee turnover may occur from time to time, which may not always be
predictable. When we experience higher turnover, our training costs may be higher due to the significant amount of time required to train
each new employee and, in particular, each new pilot. We cannot be certain that we will be able to recruit, train and retain the qualified
employees that we need to replace departing employees and continue our current operations. If we are unable to hire, train and retain
qualified employees, our business could be adversely affected and we may be unable to successfully complete our growth plans.

In addition, as we hire new