VLRS Volaris Aviation Holding

 

 

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 September 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  ☒                                            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 September 6, 2023, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports August 2023 Traffic Results: 14% YoY Demand Growth with an 87% 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: September 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 September 6, 2023, titled “Volaris Reports August 2023 Traffic Results: 14% YoY Demand Growth with an 87% Load Factor”

 

 

 

Volaris Reports August 2023 Traffic Results:

14% YoY Demand Growth with an 87% Load Factor

 

Mexico City, Mexico, September 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 August 2023 preliminary traffic results.

In August 2023, Volaris’ capacity (measured in ASMs) increased by 11.4% year-over-year, while demand (measured in RPMs) increased by 14.3%; the result was a load factor increase of 2.3 pp YoY to 87.2%. Volaris transported 3.1 million passengers during the month, a 12.9% increase compared to August 2022. Demand in the Mexican domestic and international markets increased by 8.9% and 28.0%, respectively.

Enrique Beltranena, Volaris’ President and CEO, said: “In August 2023, Volaris carried its greatest number of passengers in a single month. Our strategic adjustments to the domestic network have yielded positive results, particularly in RPMs. Looking forward, the demand in all our markets remains robust. Additionally, our international markets continue to exhibit notable strength.”

 

	Aug 2023	Aug 2022	Variance	YTD Aug 2023	YTD Aug 2022	Variance
RPMs (million, scheduled & charter)
Domestic	2,097	1,925	8.9%	15,360	14,003	9.7%
International	972	760	28.0%	7,222	5,385	34.1%
Total	3,069	2,684	14.3%	22,582	19,388	16.5%
ASMs (million, scheduled & charter)
Domestic	2,348	2,204	6.5%	17,851	16,048	11.2%
International	1,173	957	22.5%	8,558	6,865	24.7%
Total	3,521	3,162	11.4%	26,409	22,913	15.3%
Load Factor (%, scheduled, RPMs/ASMs)
Domestic	89.3%	87.3%	2.0 pp	86.0%	87.3%	(1.2) pp
International	82.9%	79.3%	3.5 pp	84.4%	78.4%	5.9 pp
Total	87.2%	84.9%	2.3 pp	85.5%	84.6%	0.9 pp
Passengers (thousand, scheduled & charter)
Domestic	2,418	2,211	9.4%	17,732	16,223	9.3%
International	662	518	27.8%	4,968	3,789	31.1%
Total	3,080	2,729	12.9%	22,701	20,012	13.4%

 

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 245 and its fleet from 4 to 124 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

Israel Álvarez / ialvarez@gcya.net

 

 

 

 

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