v3.26.1
Description of the business and summary of material accounting policy information (Tables)
12 Months Ended
Dec. 31, 2025
Description Of Business And Summary Of Material Accounting Policy Information  
Schedule of companies included in the consolidated financial statements
         % Equity interest
Name  Principal Activities  Country  2025  2024
Concesionaria Vuela Compañía de Aviación S.A.P.I. de C.V.  Air transportation services for passengers, cargo and mail throughout Mexico and abroad  Mexico   100%   100%
Vuela Aviación, S.A.  Air transportation services for passengers, cargo and mail in Costa Rica and abroad  Costa Rica   100%   100%
Vuela, S.A. (“Vuela”) (1)   Air transportation services for passengers, cargo and mail in Guatemala and abroad  Guatemala   100%   100%
Vuela El Salvador, S.A. de C.V.  Air transportation services for passengers, cargo and mail in El Salvador and abroad  El Salvador   100%   100%
Comercializadora Volaris, S.A. de C.V. (“Comercializadora”) (5)  Loyalty program  Mexico   100%   100%
Servicios Earhart, S.A. (1)   Rendering specialized services to its affiliates  Guatemala   100%   100%
Servicios Corporativos Volaris, S.A. de C.V. (“Servicios Corporativos”)  Rendering specialized services to its affiliates  Mexico   100%   100%
Comercializadora V Frecuenta, S.A. de C.V. (“Comercializadora V Frecuenta”) (1)   Loyalty Program  Mexico   100%   100%
Viajes Vuela, S.A. de C.V. (“Viajes Vuela”)  Travel agency  Mexico   100%   100%
Guatemala Dispatch Service, S.A. (“GDS, S.A.”)  Aeronautical Technical Services  Guatemala   100%   100%
Fideicomiso Irrevocable de Administración número F/745291 “Administrative Trust”  Share administration trust (Note 18)  Mexico   100%   100%
Fideicomiso de Administración número CIB/3081 “Administrative Trust”  Share administration trust (Note 18)  Mexico   100%   100%
Fideicomiso Irrevocable de Administración número CIB/3249 “Administrative Trust”  Asset backed securities trustor & administrator (Note 5)  Mexico   100%   100%
Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, Fideicomiso CIB/3853 (6)  Pre-delivery payments financing (Note 5)  Mexico   100%   100%
Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, Fideicomiso CIB/3855 (6)  Pre-delivery payments financing (Note 5)  Mexico   100%   100%
Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, Fideicomiso CIB/3866 (6)  Pre-delivery payments financing (Note 5)  Mexico   100%   100%
Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, Fideicomiso CIB/3867 (6)  Pre-delivery payments financing (Note 5)  Mexico   100%   100%
Banco Multiva, S.A., Institución de Banca Múltiple, Grupo Financiero Multiva, Fideicomiso CIB/3921 (6)  Pre-delivery payments financing (Note 5)  Mexico   100%   100%
Bank of Utah, Trust N503VL (2)  Aircraft administration trust  United States   —      100%
Bank of Utah, Trust N504VL (3)  Aircraft administration trust  United States   —      100%
Bank of Utah, Trust N508VL (4)  Aircraft administration trust  United States   100%   —   
Bank of Utah, Trust N522VL (7)  Aircraft administration trust  United States   100%   —   

 

(1)The Company has not started operations.
(2)The trust was terminated on March 14, 2025.
(3)The trust was terminated on April 8, 2025.
(4)The trust was established effective January 27, 2025.
(5)On July 16, 2025, the Company launched its new loyalty program, “Altitude,” operated through Comercializadora.
(6)Effective September 2, 2025, Banco Multiva S.A. Institución de Banca Múltiple, Grupo Financiero Multiva assumed all the rights and obligations of CIBanco, S.A., Institución de Banca Múltiple.
(7)The trust was established effective October 1, 2025.

 

Consolidation by control

 

Name Principal Activities Country
North Star Financing Limited (1) Private company limited by shares Ireland
North Star Thrust DAC (2) Designated activity company Ireland

 

(1)As of December 31, 2025, the Company does not hold any equity interest in North Star Financing Limited. However, management has concluded that the Company exercises control over the entity in accordance with IFRS 10 - Consolidated Financial Statements. North Star Financing Limited is a private limited liability company that was incorporated on December 19, 2024.
(2)As of December 31, 2025, the Company does not hold any equity interest in North Star Thrust DAC. However, management has concluded that the Company exercises control over the entity in accordance with IFRS 10 - Consolidated Financial Statements. North Star Thrust DAC is a designated activity company, incorporated on August 29, 2025.
Schedule of depreciation rates
 
  Annual depreciation rate
Flight equipment (1) 4.0-16.7%
Constructions and improvements Remaining contractual lease term
Computer equipment 25%
Workshop tools 33.3%
Electric power equipment 10%
Communications equipment 10%
Workshop machinery and equipment 10%
Motorized transport equipment platform 25%
Service carts on board 20%
Office furniture and equipment 10%
Leasehold improvements to flight equipment The shorter of: (i) remaining contractual lease term, or (ii) the next major maintenance event (2)

 

(1)Includes aircraft and engines
(2)The period is determined in accordance with usage.
Schedule of most relevant exchange rates utilized in the conversions to USD dollar
                                   
    2025   2024   2023
Currency   End of period exchange rate   Average exchange rate   End of period exchange rate   Average exchange rate   End of period exchange rate   Average exchange rate
 Mexican Peso   Ps. 17.9667   Ps. 19.2323   Ps. 20.2683   Ps. 18.3000   Ps. 16.8935   Ps. 17.7665
 Colon   ₵. 498.2600   ₵. 505.9426   ₵. 512.2300   ₵. 517.3692   ₵. 524.7900   ₵. 545.1760
Quetzal   Q. 7.6650   Q. 7.6911   Q. 7.71833   Q. 7.7695   Q. 7.8301   Q. 7.8428
Colombian Peso   COP. 3,757.08   COP. 4,066.92   COP. 4,409.15   COP. 4,071.03   COP. 3,822.05   COP. 4,327.66
Schedule of estimated useful lives of the assets
 
Aircraft up to 18 years
Spare engines up to 14 years
Buildings leases up to 19 years
Maintenance components up to eight years