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 June 2023
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 June 6, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports May 2023 Traffic Results: 17% YoY Demand Growth with an 85% 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: June 6, 2023 | By: | /s/ Enrique J. Beltranena Mejicano |
| Name: | Enrique J. Beltranena Mejicano | |
| Title: | 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 June 6, 2023, titled “Volaris Reports May 2023 Traffic Results: 17% YoY Demand Growth with an 85% Load Factor” |
Volaris Reports May 2023 Traffic Results:
17% YoY Demand Growth with an 85% Load Factor
Mexico City, Mexico, June 6, 2023 – 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 May 2023 preliminary traffic results.
In May 2023, Volaris’ capacity (measured in ASMs) increased by 21.6% year-over-year, while demand (measured in RPMs) increased by 17.1%; the result was a load factor decrease of 3.2 pp YoY to 84.5%. Volaris transported 2.8 million passengers during the month, an 11.1% increase compared to May 2022. Demand in the Mexican domestic and international markets increased by 7.1% and 44.8%, respectively. To mitigate aircraft delivery delays and unexpected engine shop visits, Volaris has been able to extend six aircraft leases and add three spare aircraft to its fleet. With these additional assets, Volaris has been able to maintain its capacity growth.
Enrique Beltranena,Volaris' President and CEO, remarked: “We are proud to have recently launched 40 new routes, successfully connecting underserved cities with leisure and bus-switching routes, further solidifying Volaris' leading position in the domestic market; notably, 33 of these new routes have no air competition.”
| May 2023 | May 2022 | Variance | YTD May 2023 | YTD May 2022 | Variance | |
|---|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | ||||||
| Domestic | 1,883 | 1,759 | 7.1% | 9,395 | 8,458 | 11.1% |
| International | 924 | 638 | 44.8% | 4,330 | 3,078 | 40.7% |
| Total | 2,807 | 2,397 | 17.1% | 13,725 | 11,536 | 19.0% |
| ASMs (million, scheduled & charter) | ||||||
| Domestic | 2,211 | 1,933 | 14.4% | 11,003 | 9,653 | 14.0% |
| International | 1,109 | 798 | 39.0% | 5,130 | 3,988 | 28.7% |
| Total | 3,320 | 2,731 | 21.6% | 16,133 | 13,641 | 18.3% |
| Load Factor (%, scheduled, RPMs/ASMs) | ||||||
| Domestic | 85.2% | 91.0% | (5.8) pp | 85.4% | 87.6% | (2.2) pp |
| International | 83.3% | 80.0% | 3.4 pp | 84.4% | 77.2% | 7.2 pp |
| Total | 84.5% | 87.8% | (3.2) pp | 85.1% | 84.6% | 0.5 pp |
| Passengers (thousand, scheduled & charter) | ||||||
| Domestic | 2,186 | 2,080 | 5.1% | 10,894 | 9,893 | 10.1% |
| International | 630 | 453 | 39.0% | 2,988 | 2,204 | 35.6% |
| Total | 2,816 | 2,533 | 11.1% | 13,882 | 12,097 | 14.8% |
The information included in thisreport has not been audited and 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.
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 the seats are flown.
Load factor: RPMs divided by ASMs and expressed as a percentage.
Passengers: The total number of passengers booked on all flight segments.
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 242 and its fleet from 4 to 122 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 the youngest fleet 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.
InvestorRelations Contact
Ricardo Martínez / ir@volaris.com
Media Contact
Gabriela Fernández / gabriela.fernandez@volaris.com