Company: CTTRF
Filing Date: 2025-04-30
Form Type: 20-F
Source: 0001292814-25-001765
Chunk: 49

Company: Controladora Vuela Compania de Aviacion, S.A.B. de C.V.
Filing Date: 2025-04-30
Form: 20-F
Item: Item 3
Chunk 49
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 work groups on future negotiations
regarding the terms of their collective bargaining agreements, we may be subject to work interruptions or stoppages. Any such action or
other labor dispute with unionized employees (including negotiation of more onerous conditions), or the deterioration of the relationship
between unions and businesses in Mexico, could disrupt our operations, reduce our profitability, or interfere with the ability of our
management to focus on executing our business strategies.

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Furthermore, changes in labor laws, such as the amendments
to Mexican labor laws and other related regulations regarding labor subcontracting in Mexico, could adversely affect our business, results
of operations and financial condition.

Our business, results of operations and financial condition could be materially
adversely affected if we lose the services of our key personnel.

Our success depends to a significant extent upon the efforts
and abilities of our senior management team and key financial and operating personnel. Competition for highly qualified personnel is intense,
and the loss of any executive officer, senior manager or other key employee without adequate replacement or the inability to attract new
qualified personnel could have a material adverse effect on our business, results of operations and financial condition. Experienced executives
in the airline industry are difficult to source. We do not maintain key-man life insurance on our management team.

Our results of operations will fluctuate.

The airline industry is by nature cyclical and seasonal, and
our operating results can be expected to vary from quarter to quarter. We generally expect demand to be greater during the summer months
in the northern hemisphere, in December and around Easter, which can fall either in the first or second quarter, compared to the
rest of the year. We generally experience our lowest levels of passenger traffic in February, September and October. Given our high
proportion of fixed costs, seasonality can affect our profitability from quarter to quarter. Demand for air travel is also affected by
factors such as economic conditions, war or the threat of war, fare levels, security and health concerns and weather conditions.

In addition, we expect our quarterly operating results to
fluctuate in the future based on a variety of other factors, including:

  the timing and success of our growth plans as we increase flights in existing markets and enter new markets;  
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  changes in fuel, security, health and insurance costs;  
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  increases in personnel,