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 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, 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, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports May 2023 Traffic Results: 17% YoY Demand Growth with an 85% 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, 2023 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, 2023, titled “Volaris Reports May 2023 Traffic Results: 17% YoY Demand Growth with an 85% Load Factor”

 

 

 

Volaris Reports May 2023 Traffic Results:

17% YoY Demand Growth with an 85% Load Factor

 

Mexico City, Mexico, June 6, 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 May 2023 preliminary traffic results.

In May 2023, Volaris’ capacity (measured in ASMs) increased by 21.6% year-over-year, while demand (measured in RPMs) increased by 17.1%; the result was a load factor decrease of 3.2 pp YoY to 84.5%. Volaris transported 2.8 million passengers during the month, an 11.1% increase compared to May 2022. Demand in the Mexican domestic and international markets increased by 7.1% and 44.8%, respectively. To mitigate aircraft delivery delays and unexpected engine shop visits, Volaris has been able to extend six aircraft leases and add three spare aircraft to its fleet. With these additional assets, Volaris has been able to maintain its capacity growth.

Enrique Beltranena, Volaris' President and CEO, remarked: “We are proud to have recently launched 40 new routes, successfully connecting underserved cities with leisure and bus-switching routes, further solidifying Volaris' leading position in the domestic market; notably, 33 of these new routes have no air competition.”

  May 2023 May 2022 Variance YTD May 2023 YTD May 2022 Variance
RPMs (million, scheduled & charter)            
Domestic 1,883 1,759 7.1% 9,395 8,458 11.1%
International 924 638 44.8% 4,330 3,078 40.7%
Total 2,807 2,397 17.1% 13,725 11,536 19.0%
ASMs (million, scheduled & charter)            
Domestic 2,211 1,933 14.4% 11,003 9,653 14.0%
International 1,109 798 39.0% 5,130 3,988 28.7%
Total 3,320 2,731 21.6% 16,133 13,641 18.3%
Load Factor (%, scheduled, RPMs/ASMs)            
Domestic 85.2% 91.0% (5.8) pp 85.4% 87.6% (2.2) pp
International 83.3% 80.0% 3.4 pp 84.4% 77.2% 7.2 pp
Total 84.5% 87.8% (3.2) pp 85.1% 84.6% 0.5 pp
Passengers (thousand, scheduled & charter)            
Domestic 2,186 2,080 5.1% 10,894 9,893 10.1%
International 630 453 39.0% 2,988 2,204 35.6%
Total 2,816 2,533 11.1% 13,882 12,097 14.8%

 

The information included in this report has not been audited and 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.

 

Glossary

 

Revenue passenger miles (RPMs): Number of seats flown by passengers multiplied by the number of miles the seats are flown.

 

Available seat miles (ASMs): Number of seats available for passengers multiplied by the number of miles the seats are flown.

 

Load factor: RPMs divided by ASMs and expressed as a percentage.

 

Passengers: The total number of passengers booked on all flight segments.

 

 

 
 

 

 

 

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 242 and its fleet from 4 to 122 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 ir.volaris.com.

 

 

 

Investor Relations Contact

Ricardo Martínez / ir@volaris.com

Media Contact

Gabriela Fernández / gabriela.fernandez@volaris.com