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03 Feb 2021 | 07:29

Wizz Air January passenger numbers plunge 81.8%

(Sharecast News) - Hungarian budget carrier Wizz Air said January passenger numbers plunged 81.8% year on year as the new variants of the coronavirus and travel bans battered demand. Passenger volumes fell to 573,692 from 3,158,656 in January 2020. Capacity plummeted 73% and the load factor declined by 29.2 percentage points to 61%.

Wizz last month vowed to use the coronavirus crisis to win market share from rivals including easyJet, after reporting a slump in quarterly revenue.

The east-Europe focused airline has €1.2bn in cash, excluding €500m raised in a bond sale in January, enough to weather another two years of crisis.
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