Controladora Vuela Compania De Aviacion, S.A.B. De C.V. (VLRS) SEC Filing 20-F Annual Report for the fiscal year ending Thursday, December 31, 2020

Document And Entity Information

Consolidated Statements Of Cash Flows

Consolidated Statements Of Cash Flows (Parenthetical)

Consolidated Statements Of Changes In Equity

Consolidated Statements Of Changes In Equity (Parenthetical)

Consolidated Statements Of Comprehensive Income

Consolidated Statements Of Comprehensive Income (Parenthetical)

Consolidated Statements Of Financial Position

Consolidated Statements Of Financial Position (Parenthetical)

Consolidated Statements Of Operations

Consolidated Statements Of Operations (Parenthetical)

Accrued Liabilities

Accrued Liabilities (Tables)

Accrued Liabilities - Long-Term (Details)

Accrued Liabilities - Other Liabilities (Details)

Accrued Liabilities - Other Liabilities, Short-Term And Long-Term (Details)

Accrued Liabilities - Short-Term (Details)

Cash And Cash Equivalents

Cash And Cash Equivalents (Details)

Cash And Cash Equivalents (Tables)

Commitments And Contingencies

Commitments And Contingencies (Details)

Commitments And Contingencies (Tables)

Commitments And Contingencies - Sale And Lease Back Commitments (Details)

Components Of Other Comprehensive (Loss) Income

Components Of Other Comprehensive (Loss) Income (Details)

Components Of Other Comprehensive (Loss) Income (Tables)

Description Of The Business And Summary Of Significant Accounting Policies

Description Of The Business And Summary Of Significant Accounting Policies (Policies)

Description Of The Business And Summary Of Significant Accounting Policies (Tables)

Description Of The Business And Summary Of Significant Accounting Policies - Additional Details (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Aircraft, Rotable Spare Parts, Furniture And Equipment, Net (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Derivative And Non-Derivative Financial Instruments And Hedge Accounting And Operating Segments (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Employee Benefits (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Foreign Currency Exchange Differences And Liabilities And Provisions (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Intangible Assets (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Leases (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Relevant Events (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Revenue Recognition And Financial Instruments (Details)

Description Of The Business And Summary Of Significant Accounting Policies - Subsidiaries (Details)

Employee Benefits

Employee Benefits (Tables)

Employee Benefits - Analysis Of Net Period Cost (Details)

Employee Benefits - Changes In The Defined Benefit Obligation And Actuarial Assumptions (Details)

Equity

Equity (Tables)

Equity - Authorized Shares And Secondary Follow-On Equity Offering (Details)

Equity - Earnings (Loss) Per Share (Details)

Fair Value Measurements

Fair Value Measurements (Tables)

Fair Value Measurements - Carrying Amount And Fair Value (Details)

Fair Value Measurements - Loss Gain From Financial Instruments (Details)

Finance Income And Cost

Finance Income And Cost (Details)

Finance Income And Cost (Tables)

Financial Assets And Liabilities

Financial Assets And Liabilities (Tables)

Financial Assets And Liabilities - Aircraft Financing And Notes (Details)

Financial Assets And Liabilities - Changes In Liabilities Arising From Financing Activities (Details)

Financial Assets And Liabilities - Financial Assets (Details)

Financial Assets And Liabilities - Line Of Credit (Details)

Financial Assets And Liabilities - Other Financial Liabilities (Details)

Financial Assets And Liabilities - Short-Term And Long-Term Debt (Details)

Financial Instruments And Risk Management

Financial Instruments And Risk Management (Tables)

Financial Instruments And Risk Management - Foreign Currency Risk (Details)

Financial Instruments And Risk Management - Foreign Currency Sensitivity (Details)

Financial Instruments And Risk Management - Foreign Exchange On And Off-Balance Sheet Exposure (Details)

Financial Instruments And Risk Management - Interest Rate Risk (Details)

Financial Instruments And Risk Management - Jet Fuel Price Risk (Details)

Financial Instruments And Risk Management - Maturity Analysis For Financial Liabilities (Details)

Guarantee Deposits

Guarantee Deposits (Details)

Guarantee Deposits (Tables)

Income Tax

Income Tax (Tables)

Income Tax - Analysis Of Deferred Taxes (Details)

Income Tax - Analysis Of Income Tax Expense (Details)

Income Tax - Income Tax Rates (Details)

Income Tax - Reconciliation Of Statutory Corporate Income Tax Rate To Effective Tax Rate (Details)

Income Tax - Tax Loss Carry-Forward (Details)

Intangible Assets, Net

Intangible Assets, Net (Details)

Intangible Assets, Net (Tables)

Inventories

Inventories (Details)

Inventories (Tables)

Leases

Leases (Tables)

Leases - Amounts Recognized In Profit And Loss (Details)

Leases - Carrying Amounts Of Lease Liabilities (Details)

Leases - Carrying Amounts Of Right-Of Use Assets (Details)

Leases - Fleet And Spare Engines (Details)

Operating Segments

Operating Segments (Details)

Operating Segments (Tables)

Other Accounts Receivable, Net

Other Accounts Receivable, Net (Details)

Other Accounts Receivable, Net (Tables)

Other Accounts Receivable, Net - Aging Of Accounts Receivable (Details)

Other Accounts Receivable, Net - Movement In The Allowance For Doubtful Accounts (Details)

Other Operating Income And Expenses

Other Operating Income And Expenses (Details)

Other Operating Income And Expenses (Tables)

Prepaid Expenses And Other Current Assets

Prepaid Expenses And Other Current Assets (Details)

Prepaid Expenses And Other Current Assets (Tables)

Related Parties

Related Parties (Tables)

Related Parties - Analysis Of Balances Due From/To Related Parties (Details)

Related Parties - Other Information (Details)

Related Parties - Transactions With Related Parties (Details)

Rotable Spare Parts, Furniture And Equipment, Net

Rotable Spare Parts, Furniture And Equipment, Net (Tables)

Rotable Spare Parts, Furniture And Equipment, Net - Additional Information (Details)

Rotable Spare Parts, Furniture And Equipment, Net - Net Carrying Value (Details)

Rotable Spare Parts, Furniture And Equipment, Net - Reconciliation Of Changes (Details)

Share-Based Payments

Share-Based Payments (Tables)

Share-Based Payments - Board Of Directors Incentive Plan (Bodip) (Details)

Share-Based Payments - Expense (Benefit) Recognized In Retention Plans (Details)

Share-Based Payments - Mip I (Details)

Share-Based Payments - Mip I, Assumptions (Details)

Share-Based Payments - Mip I, Movement In Share Options (Details)

Share-Based Payments - Mip Ii (Details)

Share-Based Payments - Sars (Cash Settled) (Details)

Share-Based Payments - Share Purchase Plan (Details)

Share-Based Payments - Vesting Period Of Shares Granted Under Share Purchase Plan (Details)

Significant Accounting Judgments, Estimates And Assumptions

Significant Accounting Judgments, Estimates And Assumptions (Details)

Subsequent Events

Subsequent Events (Details) - Exclude