GENEVA - Wizz Air Holdings PLC (LSE:LON:WIZZ), a prominent European low-cost airline, has released its passenger and CO2 emission statistics for December 2024, showing a year-on-year increase in passenger numbers and a reduction in emissions. The airline carried 5.06 million passengers in December, marking a 1.9% rise compared to the same month the previous year. Despite a 3.1% decrease in seat capacity, Wizz Air achieved an 86.5% load factor, which is 4.3 percentage points higher than last year's figure.
The company also highlighted a continued positive yield environment and booking profile from November into December. Bookings for the fourth quarter ending March 2025 are currently running ahead by over 2 percentage points compared to the same period last year. On December 31st, Wizz Air announced that it had reached a compensation agreement with Pratt & Whitney regarding aircraft grounded due to issues with the manufacturer's GTF engine. Negotiations on engine selection for future aircraft remain in progress.
In terms of sustainability, Wizz Air reported a 4.1% year-on-year decrease in CO2 emissions per revenue passenger kilometer (RPK), with figures dropping to 53.7 grams. This aligns with the airline's reputation as one of the leaders in reducing emissions per passenger in the industry.
For the rolling 12 months leading up to December 2024, the airline saw a 3.9% increase in passengers and a 4.0% increase in seat capacity compared to the previous year. However, the load factor slightly decreased by 0.1 percentage points. CO2 emissions rose by 4.7% over the same period, but the CO2 grams per passenger kilometer slightly increased by 1.9%.
Wizz Air, which operates over 220 Airbus A320 and A321 aircraft, has been recognized for its sustainability efforts, having been awarded titles such as "Most Sustainable Low-Cost Airline" and "Global Environmental Sustainability Airline Group of the Year" in recent years.
This report is based on a press release statement from Wizz Air and reflects the airline's performance and commitment to sustainability as it continues to navigate the competitive aviation market.
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