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 November 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
Mexico, 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 November 6, 2023, Controladora Vuela Compañía de Aviación,
S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports October 2023 Traffic Results: 2% YoY Demand Growth with
an 89% 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: November 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
Volaris Reports October 2023
Traffic Results:
2% YoY Demand Growth with
an 89% Load Factor
Mexico City, Mexico, November 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 October 2023 preliminary traffic results.
In October 2023, Volaris’ capacity
(measured in ASMs) increased by 2.4% year-over-year, while demand (measured in RPMs) increased by 2.2%; the result was a load factor decrease
of 0.2 pp YoY to 89.5%. Volaris transported 2.7 million passengers during the month, a 2.4% decrease compared to October 2022. Demand
(measured in RPMs) in the Mexican domestic market decreased by 5.2%, while demand increased by 20.1% in the international market.
Enrique Beltranena, Volaris’
President and CEO said: "In October, we entered the second month of reduced P&W engine availability.
Our response involved intentionally scaling down domestic ASMs while capitalizing on Category 1 opportunities to redeploy capacity to
the US market. The result of our approach matched last year's total ASMs, and at the same time, we have seen a positive demand response.
During our recent earnings
call, we reaffirmed our commitment to delivering a reliable schedule aligned with our passengers' needs while simultaneously implementing
accelerated engine inspections that will reduce our available aircraft.
Demand remains strong
in both domestic and international markets, driving the domestic load factor to a new October record high. We are currently adjusting
our Central America operations, adding more capacity to the US to meet increased holiday season demand."
|
Oct 2023 |
Oct 2022 |
Variance |
YTD Oct 2023 |
YTD Oct 2022 |
Variance |
RPMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,811 |
1,911 |
-5.2% |
18,876 |
17,703 |
6.6% |
International |
945 |
787 |
20.1% |
9,041 |
6,886 |
31.3% |
Total |
2,756 |
2,697 |
2.2% |
27,917 |
24,588 |
13.5% |
ASMs (million, scheduled & charter) |
|
|
|
|
|
|
Domestic |
1,940 |
2,089 |
-7.1% |
21,738 |
20,123 |
8.0% |
International |
1,140 |
919 |
24.1% |
10,831 |
8,663 |
25.0% |
Total |
3,080 |
3,008 |
2.4% |
32,568 |
28,785 |
13.1% |
Load Factor (%, scheduled, RPMs/ASMs) |
|
|
|
|
|
|
Domestic |
93.4% |
91.4% |
1.9 pp |
86.8% |
88.0% |
(1.1) pp |
International |
82.9% |
85.6% |
(2.8) pp |
83.5% |
79.5% |
4.0 pp |
Total |
89.5% |
89.7% |
(0.2) pp |
85.7% |
85.4% |
0.3 pp |
Passengers (thousand, scheduled & charter) |
|
|
|
|
|
|
Domestic |
2,071 |
2,240 |
-7.6% |
21,754 |
20,538 |
5.9% |
International |
649 |
546 |
18.9% |
6,215 |
4,825 |
28.8% |
Total |
2,720 |
2,786 |
-2.4% |
27,970 |
25,362 |
10.3% |
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 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.
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 245 and its fleet from 4 to 126 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.
Controladora Vuela Compa... (PK) (USOTC:CTTRF)
Historical Stock Chart
From Jul 2024 to Aug 2024
Controladora Vuela Compa... (PK) (USOTC:CTTRF)
Historical Stock Chart
From Aug 2023 to Aug 2024