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 November 2022
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 November 7, 2022, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports October 2022 Traffic Results: 22% YoY demand growth with a 90% 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: November 7, 2022 | By: | /s/ Enrique J. Beltranena Mejicano | |
| Name: Enrique J. Beltranena Mejicano<br><br>Title: Chief Executive Officer | |||
| By: | /s/ Jaime E. Pous Fernández | ||
| Name: Jaime E. Pous Fernández<br><br> <br>Title: Chief Financial Officer |
EXHIBIT INDEX
| 8 | |
|---|---|
| Exhibit | Description |
| 99.1 | Press release dated November 7, 2022 titled “Volaris Reports October 2022 Traffic Results: 22% YoY demand growth with a 90% Load Factor.” |
Volaris Reports October 2022 Traffic Results:
22% YoY demand growth with a 90% Load Factor
Mexico City, Mexico, November 7, 2022 – 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 October 2022 preliminary traffic results.
In October 2022, Volaris’ capacity (measured in ASMs) increased by 17.4% year-over-year, while demand (measured in RPMs) increased by 22.0%; the result was a load factor expansion of 3.4 pp, to 89.7%. Volaris transported 2.8 million passengers during the month, a 22.0% increase compared to October 2021. Demand in the domestic Mexican and international markets increased by 19.5% and 28.7%, respectively. Year-to-date, Volaris’ demand increased 29.1% YoY, with load factor expanding 1.3 pp year-over-year, to 85.4%.
Enrique Beltranena, Volaris’ President and CEO said: “Demand remains resilient and load factor in October reached another monthly record. We are encouraged by our revenue management strategy: i. Moderating base fares in certain price-sensitive domestic markets to deliver strong load factors; and ii. Raising base fares in the international market, including Central America, to offset the higher cost of fuel in our longer sectors. As a result of continuing demand strength across both domestic and international markets, our demand grew more than our capacity, delivering record load factors.”
| Oct 2021 | Variance | YTD Oct 2022 | YTD Oct 2021 | Variance | |
|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | |||||
| Domestic | 1,599 | 19.5% | 17,703 | 13,994 | 26.5% |
| International | 611 | 28.7% | 6,886 | 5,052 | 36.3% |
| Total | 2,211 | 22.0% | 24,588 | 19,045 | 29.1% |
| ASMs (million, scheduled & charter) | |||||
| Domestic | 1,798 | 16.2% | 20,123 | 16,246 | 23.9% |
| International | 765 | 20.2% | 8,663 | 6,391 | 35.5% |
| Total | 2,563 | 17.4% | 28,785 | 22,637 | 27.2% |
| Load Factor (%, scheduled, RPMs/ASMs) | |||||
| Domestic | 88.9% | 2.5 pp | 88.0% | 86.1% | 1.8 pp |
| International | 79.9% | 5.7 pp | 79.5% | 79.0% | 0.5 pp |
| Total | 86.3% | 3.4 pp | 85.4% | 84.1% | 1.3 pp |
| Passengers (thousand, scheduled & charter) | |||||
| Domestic | 1,842 | 21.6% | 20,538 | 15,767 | 30.3% |
| International | 441 | 23.8% | 4,825 | 3,640 | 32.5% |
| Total | 2,283 | 22.0% | 25,362 | 19,407 | 30.7% |
| Economic Jet Fuel Price<br> ( per gallon, preliminary) | |||||
| Average | 2.58 | 55.4% | 3.87 | 2.19 | 76.7% |
All values are in US Dollars.
The information included in thisreport has not been audited, and it does not provide information on the company’s future performance. Volaris’ future performancedepends on many factors. It cannot be inferred that any period’s performance or its comparison year over year will indicate a similarperformance in the future.
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 196, and its fleet from 4 to 115 aircraft. Volaris offers more than 500 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, and Central and South America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit www.volaris.com.
InvestorRelations Contact
Ricardo Martínez / ir@volaris.com
Media Contact
Gabriela Fernández / gabriela.fernandez@volaris.com