Glossary

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AFAC: Mexican Federal Civil Aviation Agency (Agencia Federal de Aviación Civil).

Airbus: Airbus S.A.S.

Ambassador: Volaris' employee

Available seat miles or “ASMs”: Number of seats available for passengers multiplied by the number ofmiles the seats are flown.

Average daily aircraft utilization: Flight hours or block hours,as applicable, divided by number of days in the period divided by average aircraft in the period.

Average economic fuel cost per gallon: Total fuel expense net of hedging effect, divided by the total number of fuel gallons consumed.

Average passenger revenue per booked passenger: Total passenger revenue divided by booked passengers.

Average stage length: The average number of miles flown per passenger flight segment.