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 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of October 2020
 
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 of Form 20-F or Form 40-F.
 
Form 20-F x  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):
 
Yes ¨  No x
 
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):
 
Yes ¨  No x
 
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
 
Yes ¨  No x
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- __________

 

 
 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, Controladora Vuela Compañía de Aviación, S.A.B. de C.V. 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: October 5, 2020	By: 	/s/ Enrique J. Beltranena Mejicano	
 	Name:	Enrique J. Beltranena Mejicano	
 	Title: 	President and Chief Executive Officer	

 	By: 	/s/ Jaime E. Pous Fernández	
 	Name:	Jaime E. Pous Fernández	
 	Title: 	Senior Vice President	
 	 	Chief Legal Officer and Corporate Affairs	

 

EXHIBIT INDEX

The following exhibit is filed as part of this Form 6-K:
 
Exhibit	 	Description	
 	 	 	
  99.50	 	Press release dated October 5, 2020	

 

 
Exhibit 99.50

 
Volaris reports September 2020 traffic results, operating at 84% of 2019
capacity levels, the fastest recovery among all carriers in North America

 
Mexico City, Mexico. October 5, 2020 – Volaris* (NYSE: VLRS and BMV: VOLAR), the ultra-low-cost airline serving Mexico, the United States and Central America, reports September 2020 preliminary traffic results.
 
Volaris is well positioned for a continuing traffic recovery and is regaining capacity at a fast pace, due to its strong ultra-low-cost business model focused on the VFR (Visiting Friends and Relatives) and leisure segments in the domestic and US-transborder markets. Volaris also continues to see success from its efforts to convert first time flyers through its bus switching marketing campaigns in Mexico.
 
In September 2020, capacity measured by ASMs (Available Seat Miles) was 84.2% compared to the same month of last year. Demand measured by RPMs (Revenue Passenger Miles) was 75.6% of last year. This represents an increase of 2.4% versus August 2020. Volaris transported a total of 1.3 million passengers during September 2020, an increase of 4.1% versus August 2020. Booked load factor for September 2020 was 74.4%, an increase of 1.8 pp versus August 2020. No shows were back to normal levels.
 
Volaris’ President and Chief Executive Officer, Enrique Beltranena, commenting on the traffic results for September 2020, said: “Our ULCC model has shown it is resilient in this crisis and supports our unique ramp-up of capacity. Our top priority continues to be cash preservation and we will manage capacity with a focus on revenue generation and operating margins. Volaris has carried more than 4.5 million passengers following its successful Biosafety Protocol implementation in April 2020. Volaris was awarded Mexico City’s Secretary of Tourism safe travel seal.”
 
For October 2020, Volaris plans to operate approximately 85% of capacity, as measured by ASMs, versus the originally published schedule.
 
The following table summarizes Volaris traffic results for the month and year to date.
 
 	September
2020	August
2020	Variance	September
2019	Variance	September
YTD 2020	September
YTD 2019	Variance	
RPMs (in millions, scheduled & charter)	 	 	 	 	 	 	 	 	
Domestic	973	942	3.3%	1,214	(19.8%)	7,307	10,983	(33.5%)	
International	282	283	(0.4%)	446	(36.8%)	2,493	4,528	(44.9%)	
Total	1,255	1,226	2.4%	1,659	(24.4%)	9,800	15,511	(36.8%)	
ASMs (in millions, scheduled & charter)	 	 	 	 	 	 	 	 	
Domestic	1,278	1,280	(0.2%)	1,402	(8.8%)	9,140	12,549	(27.2%)	
International	408	409	(0.2%)	599	(31.9%)	3,156	5,650	(44.2%)	
Total	1,686	1,690	(0.3%)	2,001	(15.8%)	12,295	18,199	(32.4%)	
Load Factor (in %, scheduled, RPMs/ASMs)	 	 	 	 	 	 	 	 	
Domestic	76.1%	73.6%	2.5 pp	86.6%	(10.4) pp	79.9%	87.5%	(7.6) pp	
International	69.1%	69.2%	(0.1) pp	74.4%	(5.3) pp	79.0%	80.2%	(1.2) pp	
Total	74.4%	72.6%	1.8 pp	82.9%	(8.5) pp	79.7%	85.3%	(5.6) pp	
Passengers (in thousands, scheduled & charter)	 	 	 	 	 	 	 	 	
Domestic	1,074	1,025	4.8%	1,436	(25.2%)	8,159	13,068	(37.6%)	
International	187	187	0.2%	312	(39.9%)	1,693	3,169	(46.6%)	
Total	1,261	1,212	4.1%	1,748	(27.8%)	9,852	16,237	(39.3%)	

The information included in this report has not been audited and it does not provide information on the company’s future performance. Volaris’ future performance depends on many factors and it cannot be inferred that any period’s performance or its comparison year over year will be an indicator of a similar performance in the future.
 
About Volaris:
*(“Volaris” or the “Company”) (NYSE: VLRS and BMV: VOLAR), is an ultra-low-cost carrier (ULCC), with point-to-point operations, serving Mexico, the United States and Central America. Volaris offers low base fares to build its market, providing quality service and extensive customer choice. Since beginning operations in March 2006, Volaris has increased its routes from five to more than 142 and its fleet from four to 84 aircraft. Volaris offers more than 311 daily flight segments on routes that connect 44 cities in Mexico and 20 cities in the United States with one of the youngest fleet in The Americas. Volaris targets passengers who are visiting friends and relatives, cost-conscious business and leisure travelers in Mexico and in selected destinations in the United States and Central America. Volaris has received the ESR Award for Social Corporate Responsibility for eleven consecutive years. For more information, please visit: www.volaris.com.
 
Investor Relations contact: María Elena Rodríguez & Andrea González/ Investor Relations / ir@volaris.com / +52 55 5261 6444
Media contact: Gabriela Fernández / volaris@gcya.mx / +52 55 5246 0100