v3.26.1
Financial instruments and risk management (Tables)
 12 Months Ended
Dec. 31, 2025
IfrsStatementLineItems [Line Items]  
Schedule of fuel sensitivity
   
  

As of December 31,

   2025  2024  2023
   Operating costs  Operating costs  Operating costs
   (In thousands of U.S. dollars)
 + US$0.01 per gallon    3,400    3,227    3,719 
  - US$0.01 per gallon    (3,400)   (3,227)   (3,719)
Schedule of foreign exchange exposure
                  
   Mexican Pesos  Others (1)
   (In thousands of U.S. dollars)
Assets:          
  Cash and cash equivalents   US$   83,055    US$   29,753 
  Other accounts receivable, net       55,672        879 
  Guarantee deposits       25,423        522 
  Other assets       5,719        48 
Total assets   US$   169,869    US$   31,202 
                   
Liabilities:                  
  Financial debt   US$   106,230    US$   —   
  Lease liabilities       14,806        29 
  Suppliers       112,379        1,183 
  Other liabilities       258,690        2,887 
Total liabilities   US$   492,105    US$   4,099 
Net foreign currency position   US$   (322,236)   US$   27,103 

 

(1)The foreign exchange exposure mainly includes: Colones, Colombian pesos and Quetzales.

 

The summary of quantitative data about the Company’s exposure to currency risk as of December 31, 2024 is as set forth below:

 

   Mexican Pesos  Others (1)
   (In thousands of U.S. dollars)
Assets:          
  Cash and cash equivalents   US$   69,156    US$   31,847 
  Other accounts receivable, net       45,381        676 
  Guarantee deposits       27,710        445 
  Derivative financial instruments       271        —   
  Other assets       5,169        —   
Total assets   US$   147,687    US$   32,968 
                   
Liabilities:                  
  Financial debt   US$   118,590    US$   —   
  Lease liabilities       19,772        52 
  Suppliers       132,244        2,537 
  Other liabilities       253,822        2,206 
Total liabilities   US$   524,428    US$   4,795 
Net foreign currency position   US$   (376,741)   US$   28,173 

 

(1)The foreign exchange exposure mainly includes: Colones, Colombian pesos and Quetzales.
Schedule of sensitivity analysis of change in fair value of interest hedging instrument
               
   Change in MXN$ rate  Effect on profit before tax
      (In thousands of U.S. dollars)
2025   +5%   US$    (14,757)
    -5%        14,757 
                
2024   +5%   US$    (17,428)
    -5%        17,428 
Schedule of sensitivity analysis of fair value
               
   Change in interest rate  Effect on cap (1)
      (In thousands of U.S. dollars)
2025   +0.50%   US$    —   
    -0.50%        —   
                
2024   +0.50%   US$    100 
    -0.50%        (70)
                

 

(1)The effect would affect OCI in relation to the interest rate caps.
Schedule of debt sensitivity analysis
                    
   Year ended December 31, 2025  Year ended December 31, 2024
   +100 BP  - 100 BP  + 100 BP  - 100 BP
   (In thousands of U.S. dollars)
             
Asset backed trust notes (“CEBUR”) (1)   US$   1,241    US$    (1,241)   US$ 1,385    US$ (1,385)
Incline II B Shannon 18 Limited (PDP BBAM)   100    (100)   889    (889)
Banco Santander México, S.A. and Banco Nacional de Comercio Exterior, S.N.C. (“Santander-Bancomext”)   1,232    (1,232)   783    (783)
GY Aviation Lease 1714 Co. Limited (PDP CDB)   1,264    (1,264)   651    (651)
JSA International U.S. Holdings, LLC (PDP JSA)   133    (133)   294    (294)
Oriental Leasing 6 Company Limited (PDP CMB)   1,289    (1,289)   834    (834)
Crédit Agricole Corporate and Investment Bank   197    (197)   —      —   
Total   US$   5,456    US$     (5,456)   US$ 4,836    US$ (4,836)

  

(1)Every Trust Note issuance of CEBUR VOLARCB19 and VOLARCB21L has a 10% CAP and for every Trust Note issuance of CEBUR VOLARCB23 has a 13% CAP, both on TIIE 28 to limit interest payments to increasing rates.
Schedule of contractual principal payments required on financial liabilities and derivative instruments fair value
                           
   December 31, 2025
   Within one
year		  More than a year  Total
Interest-bearing borrowings:                           
  Pre-delivery payments facilities (Note 5)   US$   176,949    US$   23,569    US$   200,518 
  Asset backed trust note (“CEBUR”) (Note 5)       33,627        73,052        106,679 
  Other financing agreements (Note 5)       48,773        346,841        395,614 
                            
Lease liabilities:                           
  Aircraft, engines, land and buildings leases        693,477        3,984,656        4,678,133 
  Aircraft and engine lease return obligation        319,413        593,278        912,691 
Total   US$   1,272,239    US$   5,021,396    US$   6,293,635 

 

   December 31, 2024
   Within one
year		  More than a year  Total
Interest-bearing borrowings:                           
  Pre-delivery payments facilities (Note 5)   US$   215,393    US$   145,589    US$   360,982 
  Asset backed trust note (“CEBUR”) (Note 5)       24,669        94,565        119,234 
  Other financing agreements (Note 5)       30,918        288,978        319,896 
                            
Lease liabilities:                           
  Aircraft, engines, land and buildings leases        626,683        3,799,484        4,426,167 
  Aircraft and engine lease return obligation        81,426        892,931        974,357 
Total   US$   979,089    US$   5,221,547    US$   6,200,636 
Cebur Volarcb 23 [Member]  
IfrsStatementLineItems [Line Items]  
Schedule of sensitivity analysis of fair value on CEBUR
               
   Change in interest rate  Effect on cap (1)
      (In thousands of U.S. dollars)
2025   +0.50%   US$    6 
    -0.50%        (3)
                
2024   +0.50%   US$    149 
    -0.50%        (125)
                
(1)The effect would affect OCI in relation to the interest rate caps.