As of September 30, 2020, the Total Debt of Viva Aerobus was Ps.2,654 million, 21.2% below than the Ps.3,370 million reported in 3Q19, reflecting the amortizations made on the short-and-long term local notes issued at the Mexican Stock Exchange (BMV) in March 2019, each one for Ps.1,000 million.

Debt structure

Sep-20 Jun-20 Dec-19
Bank debt 1,325 1,687 1,206
Debt securities 1,329 1,676 1,985
Short-term debt 1,220 2,262 1,973
Long-term debt 1,434 1,101 1,217
Total debt 2,654 3,363 3,191
Net debt1 (416) 963 (1,163)
1Financial debt – cash (including restricted cash).

As of September 30, 2020, the Company’s Adjusted net leverage / EBITDAR LTM stood at 13.69 times.

Sep-20 Sep-19 Dec-19
Adjusted net debt / EBITDAR LTM2 13.69x 3.56x 3.81x
2Items not comparable with 2019 due to the change in functional currency for 2020.