Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
September 04 2024 - 9:30AM
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 September 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 September 4, 2024, Controladora Vuela Compañía de Aviación,
S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports August 2024 Traffic Results: 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.
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Controladora Vuela Compañía de Aviación, S.A.B. de C.V.
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Date: September 4, 2024 |
By: |
/s/ Enrique J. Beltranena Mejicano |
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Name:
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Enrique J. Beltranena Mejicano
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Title: |
Chief Executive Officer |
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By: |
/s/ Jaime E. Pous Fernández |
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Name:
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Jaime E. Pous Fernández |
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Title: |
Chief Financial Officer |
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EXHIBIT INDEX
Volaris Reports August 2024 Traffic
Results:
87% Load Factor
Mexico City, Mexico, September 4, 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 August 2024 preliminary traffic results.
In August 2024, Volaris' ASM capacity decreased by 15.1%
year-over-year due to the accelerated Pratt & Whitney engine inspections and the resulting aircraft groundings. Volaris transported
2.6 million passengers during the month at a load factor of 87.0%, flat against last year’s levels. RPMs for the month decreased
by 15.3%, with Mexican domestic RPMs down by 22.0%, while international RPMs were effectively flat.
Enrique Beltranena, Volaris’ President and
CEO said: "Our strategic fleet mitigation plan is on track and continues to deliver favorable outcomes. We have met our goals
since the engine inspections began, and we are managing the situation with almost 30% of our fleet on the ground. We reaffirm our annual
capacity guidance, which indicates an approximate 14% reduction. Volaris concluded the summer high season with a very solid operational
performance and strong demand, which drove high load factors. Please note that comparable load factor figures from August through December
of last year already include the consolidation of flights driven by the first round of accelerated P&W engine inspections."
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August 2024 |
August 2023 |
Variance |
YTD August 2024 |
YTD August 2023 |
Variance |
RPMs (million, scheduled & charter) |
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Domestic |
1,635 |
2,097 |
-22.0% |
12,009 |
15,360 |
-21.8% |
International |
966 |
972 |
-0.6% |
7,417 |
7,222 |
2.7% |
Total |
2,601 |
3,069 |
-15.3% |
19,426 |
22,582 |
-14.0% |
ASMs (million, scheduled & charter) |
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Domestic |
1,820 |
2,348 |
-22.5% |
13,275 |
17,851 |
-25.6% |
International |
1,168 |
1,173 |
-0.4% |
9,101 |
8,558 |
6.3% |
Total |
2,989 |
3,521 |
-15.1% |
22,376 |
26,409 |
-15.3% |
Load Factor (%, RPMs/ASMs) |
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Domestic |
89.8% |
89.3% |
0.5 pp |
90.5% |
86.0% |
4.4 pp |
International |
82.7% |
82.9% |
(0.2) pp |
81.5% |
84.4% |
(2.9) pp |
Total |
87.0% |
87.2% |
(0.1) pp |
86.8% |
85.5% |
1.3 pp |
Passengers (thousand, scheduled & charter) |
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Domestic |
1,958 |
2,418 |
-19.0% |
14,246 |
17,732 |
-19.7% |
International |
651 |
662 |
-1.6% |
5,058 |
4,968 |
1.8% |
Total |
2,609 |
3,080 |
-15.3% |
19,304 |
22,701 |
-15.0% |
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. Figures are rounded for convenience purposes.
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 214 and its fleet from 4 to 137 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.
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