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 March 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- __________
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: March 3, 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 |
|---|---|
| 99.94 | Press release dated March 3, 2022 |
Volaris Reports February 2022 Traffic Results:
81% YoY demand growth with an 83% Load Factor
Mexico City, Mexico, March 3^rd^, 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 February 2022 preliminary traffic results.
In February, Volaris’ capacity (measured in ASMs) increased 62.0% YoY, while demand (measured in RPMs) was up 80.8% YoY; load factor increased 8.6 pp YoY to 82.7%. In the month, Volaris transported 2.1 million passengers, an 86.7% increase YoY. Moreover, passenger demand (RPMs) in the domestic Mexican and international markets remained quite healthy, increasing 64.7% and 149.8%, respectively, as compared to February 2021.
Considering reported figures for the first two months of the year and the capacity currently on sale for March, consolidated ASMs for the first quarter of 2022 are expected to remain flat as compared to the fourth quarter of 2021, implying around 50% ASM growth versus the first quarter of 2021. This is consistent with our guidance on our recent earnings call. We believe that this closely matches the demand trends that we are seeing in our markets.
Commenting on February traffic figures, Volaris’ President and CEO Enrique Beltranena said: “Our strong February 2022 traffic numbers demonstrate not only the overall strength in demand of our existing markets, but also our commitment to closely focus on and match capacity to demand. Record February in growth, passengers and unit revenues should help us mitigate some near-term cost pressures such as higher fuel prices.”
| Feb 2022 | Feb 2021 | Variation | YTD Feb 2022 | YTD Feb 2021 | Variation | |
|---|---|---|---|---|---|---|
| RPMs (million, scheduled & charter) | ||||||
| Domestic | 1,493 | 907 | 64.7% | 3,132 | 2,045 | 53.2% |
| International | 528 | 211 | 149.8% | 1,197 | 661 | 81.1% |
| Total | 2,021 | 1,118 | 80.8% | 4,329 | 2,706 | 60.0% |
| ASMs (million, scheduled & charter) | ||||||
| Domestic | 1,736 | 1,150 | 51.0% | 3,727 | 2,670 | 39.6% |
| International | 708 | 359 | 97.5% | 1,559 | 988 | 57.7% |
| Total | 2,445 | 1,509 | 62.0% | 5,286 | 3,658 | 44.5% |
| Load Factor (%, scheduled, RPMs/ASMs) | ||||||
| Domestic | 86.0% | 78.8% | 7.2 pp | 84.0% | 76.6% | 7.4 pp |
| International | 74.5% | 58.9% | 15.6 pp | 76.8% | 66.9% | 9.9 pp |
| Total | 82.7% | 74.1% | 8.6 pp | 81.9% | 74.0% | 7.9 pp |
| Passengers (thousand, scheduled & charter) | ||||||
| Domestic | 1,757 | 993 | 77.1% | 3,625 | 2,261 | 60.4% |
| International | 376 | 150 | 150.6% | 857 | 462 | 85.5% |
| Total | 2,133 | 1,142 | 86.7% | 4,482 | 2,723 | 64.6% |
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, and it cannot be inferred that any period’s performance or its comparison year over year will be an indicatorof a similar performance 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 184 and its fleet from 4 to 102 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 43 cities in Mexico and 27 cities in the United States, Central and South America with one of 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 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