6-K
Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS)
UNITED STATESSECURITIES AND EXCHANGE COMMISSION
Washington,D.C. 20549
FORM 6-K
REPORT OFFOREIGN PRIVATE ISSUER
PURSUANTTO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIESEXCHANGE ACT OF 1934
For themonth of May 2022
CommissionFile Number: 001-36059
ControladoraVuela Compañía de Aviación, S.A.B. de C.V.
(Name of Registrant)
Av. AntonioDovalí Jaime No. 70, 13 Floor, Tower B
ColoniaZedec Santa Fe
United MexicanStates, 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 of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
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):
Yes ¨ No x
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):
Yes ¨ No x
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ¨ No x
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________
EXPLANATORY NOTE
On May 4, 2022, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports April 2022 Traffic Results: 32% 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.
The information contained in the press release furnished as Exhibit 99.1 shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), and is not incorporated by reference into any of the Company’s filings under the Securities Act of 1933, as amended, or the Exchange Act, whether made before or after the date hereof, except as shall be expressly set forth by specific reference in any such filing.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. 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: May 4, 2022 | 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 |
EXHIBITINDEX
The following exhibit is filed as part of this Form 6-K:
| Exhibit | Description |
|---|---|
| 99.1 | Press release dated May 4, 2022 titled “Volaris Reports April 2022 Traffic Results: 32% YoY demand growth with an 85% Load Factor.” |
Volaris Reports April 2022 Traffic Results:
32% YoY demand growth with an 85% Load Factor
Mexico City, Mexico, May 4, 2022 – Volaris (the “Company”) (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States, Central, and South America, reports its April 2022 preliminary traffic results.
In April 2022, Volaris’ capacity (measured in ASMs) increased 28.1% compared to April 2021, while demand (measured in RPMs) increased 31.6% compared to the same period; the result was a load factor of 84.6% (+2.3 pp YoY). Volaris transported 2.6 million passengers during the month, a 34.6% increase compared to April 2021. Passenger demand (RPMs) in the domestic Mexican and international markets increased 26.8% and 48.3%, respectively, compared to April 2021. Year-to-date, the Company has transported 54.7% more passengers than in the first four months of 2021, with a load factor of 83.8% (+4.4pp YoY).
Commenting on April 2022 traffic figures, Volaris’ President and CEO Enrique Beltranena said: “Demand remained strong in April. Volaris demonstrated its ability to adapt to changing demand and gradually pass through rising fuel prices, and we continue growing with sustained traffic volume. This demand strength confirms that we can fill our seats without sacrificing profitability. We will continue to closely monitor our booking trends and remain flexible with our growth plan.”
| Apr 2021 | Variance | YTD Apr 2022 | YTD Apr 2021 | Variance | |
|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | |||||
| Domestic | 1,423 | 26.8% | 6,699 | 4,679 | 43.2% |
| International | 409 | 48.3% | 2,440 | 1,355 | 80.0% |
| Total | 1,832 | 31.6% | 9,140 | 6,034 | 51.5% |
| ASMs (million, scheduled & charter) | |||||
| Domestic | 1,701 | 19.8% | 7,720 | 5,739 | 34.5% |
| International | 523 | 55.1% | 3,190 | 1,865 | 71.1% |
| Total | 2,224 | 28.1% | 10,909 | 7,604 | 43.5% |
| Load Factor (%, scheduled, RPMs/ASMs) | |||||
| Domestic | 83.7% | 4.9 pp | 86.8% | 81.5% | 5.3 pp |
| International | 78.3% | (3.4) pp | 76.5% | 72.7% | 3.8 pp |
| Total | 82.4% | 2.3 pp | 83.8% | 79.4% | 4.4 pp |
| Passengers (thousand, scheduled & charter) | |||||
| Domestic | 1,606 | 33.1% | 7,813 | 5,203 | 50.2% |
| International | 306 | 42.8% | 1,751 | 981 | 78.5% |
| Total | 1,912 | 34.6% | 9,564 | 6,183 | 54.7% |
| Economic Jet Fuel Price<br> ( per gallon, preliminary) | |||||
| Average | 2.02 | 109.9% | 3.44 | 1.95 | 76.4% |
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 190, and its fleet from 4 to 107 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 44 cities in Mexico and 29 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
Félix Martínez / Naara Cortés Gallardo / ir@volaris.com
Media Contact
Gabriela Fernández / gabriela.fernandez@volaris.com