United states securities and exchange commission

Part I

 

ITEM 1

IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS

Not Applicable.

 

ITEM 2

OFFER STATISTICS AND EXPECTED TIMETABLE

Not Applicable.

 

ITEM 3

KEY INFORMATION

 

A.	Selected Consolidated Financial Data

SELECTED CONSOLIDATED FINANCIAL INFORMATION AND OPERATING DATA

The following tables summarize selected financial and operating data for our business for the periods presented. You should read this selected consolidated financial data in conjunction with Item 5: “Operating and Financial Review and Prospects” and our audited consolidated financial statements, including the related notes thereto, all included elsewhere in this annual report. We prepare our consolidated financial statements in accordance with IFRS.

We derived the selected consolidated statements of operations data for the years ended December 31, 2014, 2015 and 2016 and the selected consolidated statements of financial position data as of December 31, 2015 and 2016 from our audited financial statements included in this annual report. The selected consolidated statements of operations data for the years ended December 31, 2012 and 2013 and the selected consolidated statements of financial position data as of December 31, 2012, 2013, and 2014 were derived from the audited financial statements for those periods. See Item 18: “Financial Statements.” Our historical results are not necessarily indicative of the results to be expected in the future.

 

		For the Years ended December 31,
		2012				2013				2014				2015 (11)				2016				2016
		(in thousands of pesos, except share and per share data and operating data)																				(in thousands of U.S. dollars) (1)
CONSOLIDATED STATEMENTS OF OPERATIONS
Operating revenues:
Passenger			10,176,747				11,117,327				11,303,327				14,130,365				17,790,130				860,924
Non-ticket			1,509,668				1,885,144				2,733,415				4,049,339				5,722,321				276,922
			11,686,415				13,002,471				14,036,742				18,179,704				23,512,451				1,137,846
Other operating income			(68,800	)			(111,277	)			(22,107	)			(193,155	)			(496,742	)			(24,039	)
Fuel			4,730,089				5,085,829				5,363,864				4,721,108				5,741,403				277,846
Aircraft and engine rent expense			1,885,696				2,187,339				2,534,522				3,525,336				5,590,058				270,522
Landing, take-off and navigation expenses			1,639,945				1,923,673				2,065,501				2,595,413				3,272,051				158,345
Salaries and benefits			1,302,971				1,563,239				1,576,517				1,902,748				2,419,537				117,089
Sales, marketing and distribution expenses			751,919				704,146				817,281				1,088,805				1,413,348				68,397
Maintenance expenses (2)			498,836				572,114				664,608				874,613				1,344,110				65,046
Other operating expenses			356,517				458,500				489,938				697,786				952,452				46,093
Depreciation and amortization (3)			211,002				301,531				342,515				456,717				536,543				25,965
			11,308,175				12,685,094				13,832,639				15,669,371				20,772,760				1,005,264