Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 146

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 146
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                                     (In thousands of dollars, except for %)                                            
  Operating Results                                                                                                     
  Total operating revenues                                         3,258,973      3,141,876      (117,097)       (3.6)  
  Total operating expenses, net                                    3,036,263      2,728,654      (307,609)      (10.1)  
  Operating income                                                   222,710        413,222        190,512        85.5  

Operating
income. As a result of the factors outlined above, our operating income increased from U. S. $222.7 million to U. S. $413.2 million
in 2024.

2022 compared to 2023

                                            For the years ended December 31,                                           
                                                                        2022           2023      Variation             
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                     (In thousands of dollars, except for %)                                           
  Operating Results                                                                                                    
  Total operating revenues                                         2,847,190      3,258,973        411,783       14.5  
  Total operating expenses, net                                    2,803,501      3,036,263        232,762        8.3  
  Operating income                                                    43,689        222,710        179,021      409.8  

Operating
income. As a result of the factors outlined above, our operating income increased from U. S. $43.7 million in 2022 to U. S. $222.7
million in 2023.

Financial Results

2023 compared to 2024

                                                For the years ended December 31,                                          
                                                                            2023           2024      Variation            
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                         (In thousands of dollars, except for %)                                          
  Financing results                                                                                                       
  Finance income                                                          38,222         49,444         11,222      29.4  
  Finance cost                                                         (219,343)      (293,639)       (74,296)      33.9  
  Foreign exchange (loss) gain, net                                     (34,147)         13,662         47,809       n/a  
  Total