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Wizz Air passenger numbers increase in February, load factor slips
(Sharecast News) - Budget airline Wizz Air said on tuesday that passenger numbers had increased in February, though load factors slipped as capacity continued to expand. Wizz Air carried 4.92m passengers during the month, up 6.7% year‑on‑year, with capacity rising 8.3% to 5.44m seats. The load factor, on the other hand, eased 1.3 percentage points to 90.5%.
The FTSE 250-listed firm added that it had expanded its network in February, with the opening of a new base in Palermo, stationing two A321neo aircraft there at the start of the month. The move takes Wizz's share of the Italian market to more than 10%, making it the country's second‑largest airline by market share.
Wizz also noted that authorised figures for the twelve months ended 31 December showed it had carried 68.6m passengers, an increase of 9.4% year‑on‑year. Operational performance continued to improve, with a 99.61% completion rate and an A15 on‑time ratio of 77.98%.
As of 0955 GMT, Wizz shares were down 2.53% at 1,117p.
Reporting by Iain Gilbert at Sharecast.com
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