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 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

Exhibit		Description
99.1		Press release dated July 8, 2024, titled “Volaris Reports June 2024 Traffic Results: 86% Load Factor”

 

 

 

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.

 

 

 

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