Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
February 05 2024 - 5:00PM
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 February 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 ☒ 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 February 5, 2024, Controladora Vuela Compañía de Aviación,
S.A.B. de C.V. (NYSE: VLRS) issued a press release titled “Volaris Reports January 2024 Traffic Results: 88% 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: February 5, 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 January 2024
Traffic Results:
88% Load Factor
Mexico City, Mexico, February 5, 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 January 2024 preliminary traffic results.
In January 2024, Volaris' ASM capacity decreased
by 10.7% year-over-year, while RPMs decreased by 8.9%; the result was a load factor increase of 1.8 pp YoY to 88.0%. Volaris transported
2.5 million passengers during the month, a 13.0% decrease compared to January 2023. Mexican domestic RPMs decreased by 20.1%, while international
RPMs increased by 15.1%.
Enrique Beltranena, Volaris' President
and CEO said: “The GTF engine accelerated inspections have resulted in a significant reduction
in ASMs, particularly within the Mexican domestic market. This reduction has been balanced by increased capacity in international markets
following Mexico’s Category 1 upgrade by the United States’ Federal Aviation Administration (FAA). Consequently, the reallocation
of capacity has led to improvements in load factors within the Mexican domestic market and robust transborder traffic between Mexico and
the U.S.
As highlighted last month,
unit revenue growth continues to show strong performance. The shift in trend in total unit revenue that started in the fourth quarter
of 2023 was sustained in January 2024. Our booking curves suggest that this positive trend will continue for the upcoming months, in line
with our 2024 guidance.”
|
January 2024 |
January 2023 |
Variance |
RPMs (million, scheduled & charter) |
|
|
|
Domestic |
1,544 |
1,933 |
-20.1% |
International |
1,045 |
908 |
15.1% |
Total |
2,590 |
2,841 |
-8.9% |
ASMs (million, scheduled & charter) |
|
|
|
Domestic |
1,722 |
2,271 |
-24.2% |
International |
1,219 |
1,024 |
19.0% |
Total |
2,941 |
3,295 |
-10.7% |
Load Factor (%, RPMs/ASMs) |
|
|
|
Domestic |
89.7% |
85.1% |
4.6 pp |
International |
85.7% |
88.7% |
(2.9) pp |
Total |
88.0% |
86.2% |
1.8 pp |
Passengers (thousand, scheduled & charter) |
|
|
|
Domestic |
1,772 |
2,224 |
-20.3% |
International |
719 |
639 |
12.6% |
Total |
2,491 |
2,862 |
-13.0% |
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.
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 231 and its fleet from 4 to 130 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 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 fourteen 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.
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