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 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 June 6, 2024, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports May 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: June 6, 2024 | 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, 2024, titled “Volaris Reports May 2024 Traffic Results: 86% Load Factor” |
Volaris Reports May 2024Traffic Results:
86% Load Factor
Mexico City, Mexico, June 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 May 2024 preliminary traffic results.
In May 2024, Volaris' ASM capacity decreased by 17.5% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. However, load factor increased by 1.6 pp YoY to 86.1%, as RPMs decreased by less than capacity. Mexican domestic RPMs decreased by 22.0%, while international RPMs decreased by 3.6%. Volaris transported 2.4 million passengers during the month.
Enrique Beltranena, Volaris’ President,and CEO said: “Despite limitations in capacity growth due to fleet availability, we have successfully increased capacity in the U.S.-Mexico transborder market while optimizing our entire network. The international market now represents over 40% of our total capacity, leveraging our ability to generate US dollar sales. Further, our strategic adjustments to the domestic network are yielding promising results. Booking trends for the remainder of the second quarter are meeting our expectations and showing robust performance.”
| May 2024 | May 2023 | Variance | YTD May 2024 | YTD May 2023 | Variance | |
|---|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | ||||||
| Domestic | 1,469 | 1,883 | -22.0% | 7,211 | 9,395 | -23.2% |
| International | 890 | 924 | -3.6% | 4,538 | 4,330 | 4.8% |
| Total | 2,360 | 2,807 | -15.9% | 11,749 | 13,725 | -14.4% |
| ASMs (million, scheduled & charter) | ||||||
| Domestic | 1,626 | 2,211 | -26.5% | 7,962 | 11,003 | -27.6% |
| International | 1,114 | 1,109 | 0.4% | 5,642 | 5,130 | 10.0% |
| Total | 2,739 | 3,320 | -17.5% | 13,604 | 16,133 | -15.7% |
| Load Factor (%, scheduled, RPMs/ASMs) | ||||||
| Domestic | 90.4% | 85.2% | 5.2 pp | 90.6% | 85.4% | 5.2 pp |
| International | 79.9% | 83.3% | (3.4) pp | 80.4% | 84.4% | (4.0) pp |
| Total | 86.1% | 84.5% | 1.6 pp | 86.4% | 85.1% | 1.3 pp |
| Passengers (thousand, scheduled & charter) | ||||||
| Domestic | 1,797 | 2,186 | -17.8% | 8,498 | 10,894 | -22.0% |
| International | 603 | 630 | -4.3% | 3,104 | 2,988 | 3.9% |
| Total | 2,400 | 2,816 | -14.8% | 11,602 | 13,882 | -16.4% |
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 booked by passengers multiplied by the number of miles 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 / [email protected]
MediaContact
Israel Álvarez / [email protected]
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 197 and its fleet from 4 to 134 aircraft. Volaris offers more than 460 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, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for fifteen 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.