Rafael Simonetti's questions to Controladora Vuela Compania de Aviacion SAB de CV (VLRS) leadership • Q4 2024
Question
Rafael Simonetti requested more detail on cost drivers, specifically asking about the significant year-over-year growth in salaries and the quarter-over-quarter increase in variable leases during Q4.
Answer
Chief Financial Officer Jaime Pous explained that the salaries and benefits line item was held relatively flat due to the favorable impact of the peso's depreciation, as salaries are paid in pesos. He also noted an impact from the legally required profit-sharing, which was booked in Q4.