Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
July 08 2024 - 9:31AM
Edgar (US Regulatory)
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 2024
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 8, 2024, Controladora Vuela Compañía de Aviación,
S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports June 2024 Traffic Results: 86% 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 8, 2024 |
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
Volaris Reports June 2024
Traffic Results:
86% Load Factor
Mexico City, Mexico, July 8, 2024
– 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 2024 preliminary traffic results.
In June 2024, Volaris' ASM capacity decreased
by 13.7% year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Load factor
in the month increased by 2.2 pp YoY to 85.6%, as RPMs only decreased by 11.4%. Mexican domestic RPMs decreased by 16.2%, while international
RPMs decreased by 1.8%. Volaris transported 2.4 million passengers during the month.
Enrique
Beltranena, Volaris’ President and CEO said: "Our
fleet mitigation plan is on track and yielding positive results. As part of this plan, we reduced capacity in the Mexican domestic market
and reallocated it to the international market, resulting in an overall capacity reduction of around 14% in June. Demand in the domestic
market remains strong, and our capacity in the international market continues to mature with a well-balanced market mix aimed at maximizing
profitability. Looking ahead, our booking trends for the summer high season are showing robust performance, in line with our expectations
in both markets".
|
June 2024 |
June 2023 |
Variance |
YTD June 2024 |
YTD June 2023 |
Variance |
RPMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,506 |
1,797 |
-16.2% |
8,717 |
11,191 |
-22.1% |
International |
879 |
895 |
-1.8% |
5,417 |
5,226 |
3.7% |
Total |
2,385 |
2,692 |
-11.4% |
14,134 |
16,417 |
-13.9% |
ASMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,674 |
2,148 |
-22.1% |
9,636 |
13,151 |
-26.7% |
International |
1,112 |
1,081 |
2.9% |
6,754 |
6,211 |
8.7% |
Total |
2,786 |
3,229 |
-13.7% |
16,390 |
19,362 |
-15.3% |
Load Factor (%, RPMs/ASMs) |
|
|
|
|
|
|
Domestic |
89.9% |
83.6% |
6.3 pp |
90.5% |
85.1% |
5.4 pp |
International |
79.1% |
82.9% |
(3.8) pp |
80.2% |
84.1% |
(3.9) pp |
Total |
85.6% |
83.4% |
2.2 pp |
86.2% |
84.8% |
1.4 pp |
Passengers (thousand, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,811 |
2,064 |
-12.3% |
10,309 |
12,958 |
-20.4% |
International |
598 |
614 |
-2.6% |
3,702 |
3,601 |
2.8% |
Total |
2,408 |
2,677 |
-10.1% |
14,010 |
16,559 |
-15.4% |
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 several 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 booked by passengers multiplied by the number of miles flown.
Available seat miles (ASMs): Number
of seats available for passengers multiplied by the number of miles flown.
Load factor: RPMs divided
by ASMs and expressed as a percentage.
Passengers: The total
number of passengers booked on all flight segments.
Investor
Relations Contact
Ricardo Martínez
/ ir@volaris.com
Media
Contact
Israel Álvarez
/ ialvarez@gcya.net
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 203 and its fleet from 4 to 136 aircraft. Volaris offers more than 500 daily flight segments
on routes that connect 44 cities in Mexico and 29 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, Central, and South America. Volaris has received the ESR Award for Social Corporate Responsibility for fifteen consecutive
years. For more information, please visit ir.volaris.com. Volaris routinely posts information that may be important to investors on its
investor relations website. The Company encourages investors and potential investors to consult the Volaris website regularly for important
information about Volaris.
Volaris Aviation (NYSE:VLRS)
Historical Stock Chart
From Sep 2024 to Oct 2024
Volaris Aviation (NYSE:VLRS)
Historical Stock Chart
From Oct 2023 to Oct 2024