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 July 2022

 

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 ☒                                            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):  ☐

 

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 July 6, 2022, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports June 2022 Traffic Results: 11% YoY demand growth with an 84% 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, 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: July 6, 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

 

 
 

EXHIBIT INDEX

     

Exhibit

 

Description

   
  99.1   Press release dated July 6, 2022 titled “Volaris Reports June 2022 Traffic Results: 11% YoY demand growth with an 84% Load Factor.”

 

 

 

Volaris Reports June 2022 Traffic Results:

11% YoY demand growth with an 84% Load Factor

 

Mexico City, Mexico, July 6, 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 June 2022 preliminary traffic results.

In June 2022, Volaris’ capacity (measured in ASMs) increased 17.2% compared to June 2021, while demand (measured in RPMs) increased 10.9% compared to the same period; the result was a load factor of 84.4% (-4.7 pp YoY). Volaris transported 2.4 million passengers during the month, a 10.4% increase compared to June 2021. Passenger demand (RPMs) in the domestic Mexican and international markets increased 9.9% and 13.5%, respectively, compared to June 2021. Year-to-date, Volaris’ demand (measured in RPMs) increased 34.5% YoY, with a load factor expansion of 1.1 pp, to 84.0%.

Commenting on June 2022 traffic figures, Volaris’ President and CEO Enrique Beltranena said: “Volaris remains disciplined about adding capacity to match passenger demand. During the quarter, the Company passed on a portion of higher jet prices through fare increases or, in certain cases, reallocated flights to more profitable routes. We will continue to be nimble and responsive to market conditions in the coming months.”

 

  Jun 2022 Jun 2021 Variance YTD Jun 2022 YTD Jun 2021 Variance
RPMs (million, scheduled & charter)            
Domestic 1,626 1,480 9.9% 9,951 7,680 29.6%
International 722 636 13.5% 3,884 2,604 49.1%
Total 2,347 2,116 10.9% 13,834 10,284 34.5%
ASMs (million, scheduled & charter)            
Domestic 1,873 1,635 14.6% 11,466 9,050 26.7%
International 908 739 22.9% 5,005 3,357 49.1%
Total 2,781 2,373 17.2% 16,472 12,408 32.8%
Load Factor (%, scheduled, RPMs/ASMs)            
Domestic 86.8% 90.5% (3.7) pp 86.8% 84.9% 1.9 pp
International 79.5% 86.1% (6.6) pp 77.6% 77.6% 0.0 pp
Total 84.4% 89.1% (4.7) pp 84.0% 82.9% 1.1 pp
Passengers (thousand, scheduled & charter)            
Domestic 1,861 1,676 11.1% 11,535 8,590 34.3%
International 494 458 7.8% 2,738 1,884 45.3%
Total 2,354 2,134 10.4% 14,272 10,474 36.3%
             

Economic Jet Fuel Price

(USD per gallon, preliminary)

           
Average 4.60 2.22 107.2% 3.80 2.04 86.3%

 

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. It cannot be inferred that any period’s performance or its comparison year over year will indicate 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 205, and its fleet from 4 to 113 aircraft. Volaris offers more than 500 daily flight segments on routes that connect 45 cities in Mexico and 28 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.

 

 

Investor Relations Contact

Félix Martínez / Naara Cortés Gallardo / ir@volaris.com

Media Contact

Gabriela Fernández / gabriela.fernandez@volaris.com