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 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 July 7, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports June 2023 Traffic Results: 15% YoY Demand Growth with an 83% 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: July 7, 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 July 7, 2023, titled “Volaris Reports June 2023 Traffic Results: 15% YoY Demand Growth with an 83% Load Factor”

 

 

 

Volaris Reports June 2023 Traffic Results:

15% YoY Demand Growth with an 83% Load Factor

 

Mexico City, Mexico, July 7, 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 June 2023 preliminary traffic results.

In June 2023, Volaris’ capacity (measured in ASMs) increased by 16.1% year-over-year, while demand (measured in RPMs) increased by 14.6%; the result was a load factor decrease of 1.1 pp YoY to 83.3%. Volaris transported 2.7 million passengers during the month, an 13.7% increase compared to June 2022. Demand in the Mexican domestic and international markets increased by 10.4% and 24.1%, respectively.

Enrique Beltranena, Volaris' President and CEO, remarked: "Demand remained strong in the international markets, including US transborder and Central America. We continue to anticipate that Mexico will return to Category 1 with the US and the team has started planning network changes that will allow us to allocate growth to the strong international markets.”

Beltranena went on to say: “We have also started preparation for peak summer travel. To enhance operational performance, Volaris has recently extended several leases that will provide additional capacity to our network and allow us to more quickly support any operational challenges we may face in this busy time."

  June 2023 June 2022 Variance YTD June 2023 YTD June 2022 Variance
RPMs (million, scheduled & charter)            
Domestic 1,795 1,626 10.4% 11,189 10,084 11.0%
International 895 722 24.1% 5,226 3,800 37.5%
Total 2,690 2,347 14.6% 16,415 13,884 18.2%
ASMs (million, scheduled & charter)            
Domestic 2,148 1,873 14.7% 13,151 11,526 14.1%
International 1,081 908 19.0% 6,211 4,896 26.9%
Total 3,229 2,781 16.1% 19,362 16,422 17.9%
Load Factor (%, scheduled, RPMs/ASMs)            
Domestic 83.5% 86.8% (3.2) pp 85.1% 87.5% (2.4) pp
International 82.9% 79.5% 3.4 pp 84.1% 77.6% 6.5 pp
Total 83.3% 84.4% (1.1) pp 84.8% 84.5% 0.2 pp
Passengers (thousand, scheduled & charter)            
Domestic 2,064 1,861 10.9% 12,958 11,754 10.2%
International 614 494 24.3% 3,601 2,698 33.5%
Total 2,677 2,354 13.7% 16,559 14,452 14.6%

 

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 244 and its fleet from 4 to 123 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