Volaris Q1 2026 Financial Results and Derivative Risk Management Disclosure

Controladora Vuela Compañía de Aviación (Volaris) filed its Form 6-K for April 2026, reporting financial results for the first quarter of 2026. The filing includes detailed financial statements prepared under IFRS, showing unaudited condensed consolidated financial position as of March 31, 2026, and operations for the three-month period. The company provides comprehensive disclosure of its derivative financial instrument policies, emphasizing they are used exclusively for hedging purposes rather than speculation. Volaris manages three main financial risks: fuel price fluctuations (using Asian Call Options on Jet Fuel), foreign currency risk (currently no hedging instruments), and interest rate variation risk (using interest rate CAPs with TIIE 28 as underlying). The company operates only in OTC markets with 8 ISDA agreements in place. All derivative instruments qualified for hedge accounting as of the reporting date, with no significant changes in risk exposure during Q1 2026.