Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 140

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4A
Chunk 140
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 per booked passenger                                           44              51                7        15.9  
  Average total ancillary revenue per booked passenger                                           48              55                7        14.6  
  Revenue passenger miles (RPMs in thousands)                                            33,448,937      29,504,673      (3,944,264)      (11.8)  

Fare
revenues. The 8.1% decrease in fare revenues in 2024 was primarily driven by a 12.0% decline in booked passengers, partially
offset by a 4.1% increase in average fare revenue per booked passenger. Additionally, ASM capacity was reduced during 2024 in response
to passenger demand in our markets.

Other passenger revenues. The 1.3% increase in other
passenger revenues in 2024 was primarily driven by a higher number of passengers purchasing additional services compared to 2023. During
2024, we implemented new initiatives to increase ancillary revenue sales.

Other
non-passenger revenues. The 3.4% decrease in other non-passenger revenues in 2024 was primarily due to a decline in other
services, including third-party advertising, trip insurance, vacation packages, and others, compared to 2023.

Cargo.
The 3.0% increase in cargo revenues in 2024 was primarily driven by a higher volume of cargo operations compared to 2023.

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  Table of Contents  

2022 compared to 2023

                                                                   For the years ended December 31,                                                      
                                                                                               2022      2023                      Variation             
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
                                                            (In thousands of dollars, except for %)                                                      
  Operating Revenues                                                                                                                                     
  Passenger revenues:                                                                                                                                    
  Fare revenues                                                                           1,661,176                 1,650,287       (10,889)      (0.7)  
  Other passenger revenues                                                                1,078,251                 1,473,237        394,986       36.6  
  Non-passenger revenues:                                                                                                                                
  Other non-passenger revenues                                                               92,977                   115,424         22,447       24.1  
  Cargo                                                                                      14,786                    20,025          5,239       35.4  
  Total operating revenues                                                                2,847