Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 76

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 4
Chunk 76
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 imminent danger to national security, internal peace or the national economy. The Salvadoran
government must indemnify us following calculations established by law. However, such law is unclear about how compensation is determined
and when it is paid.

Future Regulations

The Mexican, U. S. and other foreign governments may consider
and adopt new laws, regulations, interpretations and policies regarding a wide variety of matters that could directly or indirectly affect
our results of operations. We cannot predict what laws, regulations, interpretations and policies might be considered in the future, nor
can we judge what impact, if any, the implementation of any of these proposals or changes might have on our business.

Where You Can Find Other Information

Our website is www. volaris. com. The information and contents on our
website are not a part of, and are not incorporated by reference into, this Annual Report. Information we furnish or file with the SEC,
including our Annual Reports on Form 20-F, Current Reports on Form 6-K and any amendments to or exhibits included in these reports are
available for download, free of charge, on our website soon after such reports are filed with or furnished to the SEC. Our SEC filings,
including exhibits filed therewith, are also available at the SEC’s website at www. sec. gov.

  Business Overview  

Industry

There are three primary categories of passenger airlines in
the Mexican market: (i) traditional legacy network carriers, such as Grupo Aeroméxico, (ii) ultra low-cost carriers, such as Volaris
and Viva, and (iii) regional carriers that operate exclusively in niche markets within Mexico, constituting less than 2% of the total
market share. The ULCC business model is a subset of the low-cost carrier market.

Legacy carriers offer scheduled flights to major domestic
and international routes (directly or through membership in an alliance, such as Star Alliance, Oneworld and/or SkyTeam) and serve numerous
smaller cities. These carriers operate mainly through a “hub-and-spoke” network route system. This system concentrates most
of an airline’s operations in a limited number of hub cities, serving other destinations in the system by providing one-stop or
connecting service through hub airports to end destinations on the spokes. Such an arrangement permits travelers to fly from a given point
of origin to more destinations without switching to another airline. Traditional legacy carriers typically have higher cost structures
than low-cost carriers due to higher labor costs, flight crew and aircraft scheduling ineff