6-K
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of March 2024
Commission File Number: 001-36059
Controladora Vuela Compañía de Aviación,S.A.B. de C.V.
(Name of Registrant)
Av. Antonio Dovalí Jaime No. 70, 13 Floor,Tower B
Colonia Zedec Santa Fe
United Mexican States, Mexico City 01210
+(52) 55-5261-6400
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F x Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): £
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): £
EXPLANATORY NOTE
On March 6, 2024, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports February 2024 Traffic Results: 86% Load Factor”
A copy of this press release is attached to this Form 6-K as Exhibit 99.1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Controladora Vuela Compañía de Aviación, S.A.B. de C.V. | ||
|---|---|---|
| Date: March 6, 2024 | By: | /s/ Enrique J. Beltranena Mejicano |
| Name: | Enrique J. Beltranena Mejicano | |
| Title: | President and Chief Executive Officer | |
| By: | /s/ Jaime E. Pous Fernández | |
| Name: | Jaime E. Pous Fernández | |
| Title: | Chief Financial Officer |
EXHIBIT INDEX
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated March 6, 2024, titled “Volaris Reports February 2024 Traffic Results: 86% Load Factor” |
Volaris Reports February2024 Traffic Results:
86% Load Factor
Mexico City, Mexico, March 6, 2024 – Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS and BMV: VOLAR) (“Volaris” or “the Company”), the ultra-low-cost carrier (ULCC) serving Mexico, the United States, Central, and South America, reports its February 2024 preliminary traffic results.
In February 2024, Volaris' ASM capacity decreased by 13.7% year-over-year due to the extraordinary Pratt & Whitney engine accelerated inspections and the resulting aircraft groundings. RPMs decreased by 10.9%, resulting in a load factor increase of 2.8 pp YoY to 85.9%. Volaris transported 2.1 million passengers during the month, a 15.2% decrease compared to February 2023. Mexican domestic RPMs decreased by 21.5%, while international RPMs increased by 13.2%.
Enrique Beltranena, Volaris’ Presidentand CEO said: “Following our strategic plan for the year, we have reduced ASMs in the Mexican domestic market and reallocated capacity to the international market. Moreover, a robust load factor was achieved in February, exceeding the average for such a low-season month. This confirms the positive trends observed in recent months and positions us well to meet our quarterly guidance.”
| Feb 2024 | Feb 2023 | Variance | YTD Feb 2024 | YTD Feb 2023 | Variance | |
|---|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | ||||||
| Domestic | 1,332 | 1,697 | -21.5% | 2,877 | 3,630 | -20.8% |
| International | 850 | 751 | 13.2% | 1,896 | 1,660 | 14.2% |
| Total | 2,183 | 2,449 | -10.9% | 4,772 | 5,290 | -9.8% |
| ASMs (million, scheduled & charter) | ||||||
| Domestic | 1,469 | 2,035 | -27.8% | 3,192 | 4,306 | -25.9% |
| International | 1,070 | 908 | 17.8% | 2,289 | 1,932 | 18.4% |
| Total | 2,540 | 2,943 | -13.7% | 5,481 | 6,239 | -12.1% |
| Load Factor (%, scheduled, RPMs/ASMs) | ||||||
| Domestic | 90.7% | 83.4% | 7.3 pp | 90.1% | 84.3% | 5.8 pp |
| International | 79.5% | 82.7% | (3.3) pp | 82.8% | 85.9% | (3.1) pp |
| Total | 85.9% | 83.2% | 2.8 pp | 87.1% | 84.8% | 2.3 pp |
| Passengers (thousand, scheduled & charter) | ||||||
| Domestic | 1,539 | 1,984 | -22.4% | 3,310 | 4,207 | -21.3% |
| International | 584 | 519 | 12.5% | 1,303 | 1,157 | 12.5% |
| Total | 2,122 | 2,502 | -15.2% | 4,613 | 5,365 | -14.0% |
The information included in thisreport has not been audited and does not provide information on the Company’s future performance. Volaris’ future performancedepends on several factors. It cannot be inferred that any period’s performance or its comparison year over year will indicate asimilar performance in the future.
Glossary
Revenue passenger miles (RPMs): Number of seats flown by passengers multiplied by the number of miles the seats are flown.
Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles flown.
Load factor: RPMs divided by ASMs and expressed as a percentage.
Passengers: The total number of passengers booked on all flight segments.
InvestorRelations Contact
Ricardo Martínez / ir@volaris.com
MediaContact
Israel Álvarez / ialvarez@gcya.net
About Volaris
*Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (“Volaris” or “the Company”) (NYSE: VLRS and BMV: VOLAR) is an ultra-low-cost carrier, with point-to-point operations, serving Mexico, the United States, Central, and South America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since the beginning of operations in March 2006, Volaris has increased its routes from 5 to more than 211 and its fleet from 4 to 134 aircraft. Volaris offers more than 550 daily flight segments on routes that connect 43 cities in Mexico and 28 cities in the United States, Central, and South America, with one of the youngest fleets in Mexico. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico, the United States, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for fourteen consecutive years. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important information about Volaris.