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Wizz Air tops six million monthly passengers for first time

Published 02/08/2023, 08:51
Updated 02/08/2023, 09:11
© Reuters.  Wizz Air tops six million monthly passengers for first time
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Proactive Investors - Wizz Air Holdings PLC (LON:WIZZ) has reported more than six million passengers travelled on its aircraft in July, breaking a new monthly record for the budget airline.

Some 6.03 million people had bookings with Wizz Air during the month, up almost 27% on the 4.76 million recorded in July 2022.

A load factor of 94.9% saw Wizz’s jets at their fullest since October 2019, meanwhile, marking good news for the airline which has bolstered the size of its fleet despite industry-wide uncertainty in recent Covid-hit years.

City Index analyst Joshua Warner previously dubbed the need for “bums on seats” as “vital" for Wizz, which is targeting profitability next year.

Over the past 12 months, Wizz has recorded 55.43 million passengers, up 45.5% on the same pandemic-struck period between 2021 and 2022.

Emissions per passenger have fallen meanwhile, from 54.4kg in July 2022 to 50.7kg last month.

“Wizz Air continued to grow its network and improve its customer offering in July,” the company said in a statement, including with a new route between Abu Dhabi and Erbil in Iraq and a fresh passenger loyalty scheme.

Shares in the FTSE 250-listed airline slipped 1.7% to 2,339p.

Read more on Proactive Investors UK

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