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Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wizz Air passenger numbers grow 11.4pc in August

(Sharecast News) - Low-cost carrier Wizz Air said on Tuesday that it had carried 6.91m passengers during August, an 11.4% increase year-on-year. Wizz Air also said seat capacity increased 12.1% year-on-year, with a "resilient" load factor of 94.8%, down only -0.60 percentage points on last year's load factor of 95.4%, demonstrating "continued strong demand".

On the operational front, the London-listed group stated that while the last originating service from its to-be-closed Abu Dhabi base flew on 31 August, Wizz said it was now continuing to rebuild its Tel Aviv station following the Summer suspension, with a full service of 24 routes to be deployed by mid-September.

Wizz Air also announced a strategic distribution partnership with flight content aggregator Travelfusion during August, which it said will help it better reach the 45% of travellers in Europe who still prefer to book through a retail channel, positioning it for "incremental revenue growth and expanded market reach".

As of 0925 BST, Wizz shares were down 2.67% at 1,313.52p.

Reporting by Iain Gilbert at Sharecast.com

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