Wizz Air reports 29pc rise in November passenger numbers

(Sharecast News) - Wizz Air reported a 29.3% year-on-year rise in passengers carried in November on Monday, to 4,760,154 passengers, while its load factor expanded by 0.3 percentage points to 88.4%. The FTSE 250 low-cost carrier said its seat capacity grew 28.8% over November last year, reaching 5,384,679 seats this year.

Looking at the rolling 12-month period ended 30 November, Wizz Air recorded an increase in seat capacity of 27.6% to 65,313,017.

Passengers surged 34.9% to 59,528,613, while its load factor improved 4.9 percentage points to 91.1%.

On the operational front, Wizz Air Abu Dhabi successfully launched operations from the new Abu Dhabi International Airport's Terminal A.

Following a safety evaluation, Wizz Air was resuming inbound flights to Chisinau, Moldova, from 14 December.

The airline planned to gradually reintroduce operations, including reopening its base in Chisinau, with a strong focus on ensuring safety and security.

While actively monitoring the situation on the ground, Wizz Air temporarily suspended operations in Israel until early January.

The airline noted that it received the Global Environmental Sustainability Airline Group of the Year award for the second consecutive year at the CAPA Environmental Sustainability Awards for Excellence.

It also said it had the lowest carbon dioxide emissions per passenger-kilometre compared to its competitors.

For the rolling 12 months ended 30 November, it achieved 51.4 grams of carbon dioxide emissions per passenger-kilometre.

In November itself, emissions were 52.7 grams per passenger-kilometre, marking a 1.3% reduction compared to the same month last year.

At 0923 GMT, shares in Wizz Air Holdings were down 1.08% at 1,925.5p.

Reporting by Josh White for Sharecast.com.