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 UNDER

THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2020

 

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 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: June 4, 2020 By: /s/ Sonia Jerez Burdeus  
  Name:  Sonia Jerez Burdeus  
  Title: Chief Financial Officer  
     
       
  By: /s/ Jaime E. Pous Fernández  
  Name:  Jaime E. Pous Fernández  
  Title: Senior Vice President Chief Legal Officer and Corporate Affairs

 

 

 

 

 

 

EXHIBIT INDEX

 

The following exhibit is filed as part of this Form 6-K:

 

Exhibit  Description
    
99.37  Press release dated June 4, 2020

 

 

 

Exhibit 99.37

 

 

 

Volaris Reports May 2020 Traffic Results:

Schedule Reductions to Face COVID-19

 

Mexico City, Mexico. June 4, 2020 – Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports May 2020 preliminary traffic results.

 

In May 2020, Volaris carefully managed its network in response to the decline in demand for air travel due to the SARS-CoV-2 (COVID-19) pandemic. As a result, and in line with prior capacity guidance issued by the Company, capacity measured by ASMs (Available Seat Miles) decreased by 88.1% vs the same period of last year, while demand measured by RPMs (Revenue Passenger Miles) decreased 88.1% year over year. Volaris transported a total of 213 thousand passengers during the month of May, a decrease of 88.9% year over year.

 

Network-wide booked load factor for May 2020 was 87.5%, with a 105% international booked load factor. The unusually high booked load factor on international flights was a result of the consolidation of flights due to the COVID-19 related itinerary reductions. Onboard load factor in the international market was 90%. Volaris continues to offer flexible change policies for its customers.

 

Volaris’ President and Chief Executive Officer, Enrique Beltranena, commenting on the traffic results for May 2020, said: “Volaris priority continues to be safeguarding the health of our customers and ambassadors, while actively managing our operations to minimize the financial impacts in this challenging time and preserve capital.  During June, we are implementing new biosecurity and preventive measures for the safety and well-being of Volaris’ personnel and passengers, and are launching a parallel communication campaign entitled con Volaris SEGURO vuelas. May traffic was the most impacted month by COVID-19 to date. Nevertheless, for June 2020 Volaris announced it will operate approximately 33% of the originally planned schedule, responding to recent, stronger demand.”

 

The following table summarizes Volaris traffic results for the month and year to date.

 

  May
2020
May
2019
Variance

May
YTD 2020

May
YTD 2019

Variance
RPMs (in millions, scheduled & charter)            
Domestic 187 1,309 (85.7%) 4,117 5,953 (30.8%)
International  29  513 (94.3%) 1,584 2,365 (33.0%)
Total 216 1,822 (88.1%) 5,701 8,318 (31.5%)
ASMs (in millions, scheduled & charter)            
Domestic 219 1,443 (84.8%) 4,765 6,858 (30.5%)
International 28 629 (95.6%) 1,943 2,990 (35.0%)
Total 247 2,072 (88.1%) 6,708 9,848 (31.9%)
Load Factor (in %, scheduled, RPMs/ASMs)            
Domestic 85.2% 90.7%    (5.5) pp 86.4% 86.8% (0.4) pp
International 105.4% 81.8%  23.6 pp 81.5% 79.3% 2.2 pp
Total 87.5% 88.0%   (0.5) pp 85.0% 84.5% 0.5 pp
Passengers (in thousands, scheduled & charter)            
Domestic 194 1,569 (87.6%) 4,701 7,077 (33.6%)
International 19 357 (94.7%) 1,096 1,662 (34.1%)
Total 213 1,926 (88.9%) 5,797 8,739 (33.7%)

 

The information included in this report has not been audited and it does not provide information on the company’s future performance. Volaris’ future performance depends on many factors and it cannot be inferred that any period’s performance or its comparison year over year will be an indicator of a similar performance in the future.

 

About Volaris:

*(“Volaris” or the “Company”) (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 32 and its fleet from four to 81 aircraft. Volaris offers more than 46 daily flight segments on routes that connect 29 cities in Mexico and 3 cities in the United States with one of the youngest fleet in The Americas. Volaris targets passengers who are visiting friends and relatives, cost-conscious business people and leisure travelers in Mexico and in selected destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for ten consecutive years. For more information, please visit: www.volaris.com.

 

Investor Relations contact: María Elena Rodríguez & Andrea González/ Investor Relations / ir@volaris.com / +52 55 5261 6444

Media contact: Gabriela Fernández / volaris@gcya.mx / +52 55 5246 0100