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Derivative Financial Instruments
 12 Months Ended
Dec. 31, 2023
Disclosure of detailed information about financial instruments [abstract]  
Derivative Financial Instruments DERIVATIVE FINANCIAL INSTRUMENTS
23.1Accounting policies
Changes in interest rates, exchange rates and aviation fuel prices expose the Company to risks that may affect its financial performance. In order to mitigate such risks, the Company contracts derivative financial instruments. Changes in their fair value are recognized directly in profit or loss.
23.2Breakdown of derivative financial instruments
Changes in fair valueInterest rate swapForward – fuelOption fuelForward – foreign currency
Conversion right debentures
Total
At December 31, 2021(213,257)9,383 — 270,640 (636,786)(570,020)
Gains (losses) recognized in result33,519 440,065 — (35,394)519,815 958,005 
Payment (receipts)568 (478,149)— — — (477,581)
At December 31, 2022(179,170)(28,701)— 235,246 (116,971)(89,596)
Gains (losses) recognized in result(34,075)(168,378)13,796 (24,552)(25,249)(238,458)
Payments (receipts)213,245 136,977 (1,530)(210,694)— 137,998 
Restructuring(b)
— — — — (346,555)(346,555)
At December 31, 2023— (60,102)12,266 — (488,775)(536,611)
Rights with current derivative financial instruments— 757 21,152 — — 21,909 
Obligations with current derivative financial instruments— (60,019)(8,886)— — (68,905)
Obligations with non-current derivative financial instruments— (840)— — — (840)
Non-current convertible instruments
— — — — (488,775)(488,775)
— (60,102)12,266 — (488,775)(536,611)
.
(a)Refers to the effects of the extinction and reconstitution of the conversion right.
Changes in fair valueOptions – foreign currencyInterest rate swapForward – fuelForward – foreign currencyConversion right (debentures)Total
Rights (obligations) with derivatives at December 31, 20208,947 (269,491)(81,274)349,093 (1,465,999)(1,458,724)
Gains (losses) recognized in result(10,222)48,571 75,075 (78,453)829,213 864,184 
Payment in cash1,275 7,663 15,582 — — 24,520 
Rights (obligations) with derivatives at December 31, 2021— (213,257)9,383 270,640 (636,786)(570,020)
Rights with current derivative financial instruments— 73,794 9,383 — — 83,177 
Rights with non-current derivative financial instruments— — — 270,640 — 270,640 
Obligations with current derivative financial instruments— (77,509)— — — (77,509)
Obligations with non-current derivative financial instruments— (209,542)— — — (209,542)
Long-term loans and financing— — — — (636,786)(636,786)
— (213,257)9,383 270,640 (636,786)(570,020)