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 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, TowerB
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 7, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports February 2023 Traffic Results: 21% YoY demand growth with an 83% 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 7, 2022 | 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 March 7, 2023, titled “Volaris Reports February 2023 Traffic Results: 21% YoY demand growth with an 83% Load Factor.” |
Volaris Reports February 2023 Traffic Results:
21% YoY Demand Growth with an 83% Load Factor
Mexico City, Mexico, March 7, 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 February2023 preliminary traffic results.
In February 2023, Volaris’ capacity (measured in ASMs) increased by 20.4% year-over-year, while demand (measured in RPMs) increased by 21.2%; the result was a load factor increase of 0.5 pp YoY to 83.2%. Volaris transported 2.5 million passengers during the month, a 17.3% increase compared to February 2022. Demand in the domestic Mexican and international markets increased by 13.7% and 42.4%, respectively.
Enrique Beltranena, Volaris’ President andCEO said: “In line with what was stated in our last earnings call in February 22, we are seeing healthy traffic growth and solid booking curves for the upcoming spring season. In February, consumer demand remained robust across all of our markets, with particular strength observed in international regions. Jet fuel prices were slightly more favorable than the prior guidance provided to the market.”
| Feb 2023 | Feb 2022 | Variance | YTD Feb 2023 | YTD Feb 2022 | Variance | |
|---|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | ||||||
| Domestic | 1,697 | 1,493 | 13.7% | 3,630 | 3,132 | 15.9% |
| International | 751 | 528 | 42.4% | 1,660 | 1,197 | 38.7% |
| Total | 2,449 | 2,021 | 21.2% | 5,290 | 4,329 | 22.2% |
| ASMs (million, scheduled & charter) | ||||||
| Domestic | 2,035 | 1,736 | 17.2% | 4,306 | 3,727 | 15.5% |
| International | 908 | 708 | 28.2% | 1,932 | 1,559 | 24.0% |
| Total | 2,943 | 2,445 | 20.4% | 6,239 | 5,286 | 18.0% |
| Load Factor (%, scheduled, RPMs/ASMs) | ||||||
| Domestic | 83.4% | 86.0% | (2.6) pp | 84.3% | 84.0% | 0.3 pp |
| International | 82.7% | 74.5% | 8.2 pp | 85.9% | 76.8% | 9.1 pp |
| Total | 83.2% | 82.7% | 0.5 pp | 84.8% | 81.9% | 2.9 pp |
| Passengers (thousand, scheduled & charter) | ||||||
| Domestic | 1,984 | 1,757 | 12.9% | 4,208 | 3,625 | 16.1% |
| International | 519 | 376 | 38.0% | 1,158 | 857 | 35.1% |
| Total | 2,502 | 2,133 | 17.3% | 5,364 | 4,482 | 19.7% |
The information included in this report hasnot been audited and does not provide information on the company’s future performance. Volaris’ future performance dependson many factors. It cannot be inferred that any period’s performance or its comparison year over year will indicate a similar performancein 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 200 and its fleet from 4 to 121 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: www.volaris.com.
Investor RelationsContact
Ricardo Martínez / ir@volaris.com
Media Contact
Gabriela Fernández / gabriela.fernandez@volaris.com