v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
Current assets:    
  Cash and cash equivalents (Note 6) $ 753,884 $ 907,981
    Short-term investments 20,208 45,737
  Accounts receivable:    
     Related parties (Note 7) 3,436 2,161
     Other accounts receivable, net (Note 8) 103,059 76,035
     Recoverable value added tax and others 96,494 47,825
     Recoverable income tax 59,062 12,789
  Inventories (Note 9) 16,726 16,633
  Prepaid expenses and other current assets (Note 10) 62,433 45,248
  Derivative financial instruments (Notes 3, 4 and 5) 189 431
  Guarantee deposits (Note 11) 277,854 227,211
Total current assets 1,393,345 1,382,051
Non-current assets:    
  Rotable spare parts, furniture and equipment, net (Note 12) 948,284 1,070,070
  Right-of-use assets, net (Note 14) 2,531,125 2,469,580
  Intangible assets, net (Note 13) 38,270 25,957
  Derivative financial instruments (Notes 3, 4 and 5) 271
  Deferred income taxes (Note 20) 359,770 286,199
  Guarantee deposits (Note 11) 340,912 426,193
  Other long-term assets 24,906 43,389
Total non-current assets 4,243,267 4,321,659
Total assets 5,636,612 5,703,710
Current liabilities:    
  Unearned transportation revenue (Note 21) 360,796 342,777
  Suppliers 187,486 161,237
  Related parties (Note 7) 4,601 2,363
  Accrued liabilities (Note 15a) 269,189 223,392
  Lease liabilities (Note 14) 409,125 391,158
  Other taxes and fees payable (Note 1r) 268,541 274,178
  Income taxes payable 11,593 28,737
  Financial debt (Note 5) 261,721 283,616
  Other liabilities (Note 16) 143,187 62,800
Total current liabilities 1,916,239 1,770,258
Non-current liabilities:    
  Financial debt (Note 5) 441,117 526,362
  Accrued liabilities (Note 15b) 6,623 7,849
  Lease liabilities (Note 14) 2,744,256 2,670,378
  Other liabilities (Note 16) 237,631 333,332
  Employee benefits (Note 17) 15,382 12,790
  Deferred income taxes (Note 20) 11,583 17,928
Total non-current liabilities 3,456,592 3,568,639
Total liabilities 5,372,831 5,338,897
Equity (Note 19):    
  Capital stock 248,278 248,278
  Treasury shares (12,709) (12,787)
  Contributions for future capital increases
  Legal reserve 17,363 17,363
  Additional paid-in capital 283,180 283,362
  Accumulated deficit (125,581) (21,709)
  Accumulated other comprehensive loss (Note 24) (146,750) (149,694)
Total equity 263,781 364,813
Total liabilities and equity $ 5,636,612 $ 5,703,710