Frank Prenesti Sharecast News
03 Sep, 2024 07:21

Wizz Air passenger numbers hit record in Aug despite groundings

wizz air dl wizzair aircraft airbus a320 jet aersopace
Wizz Air A 320Wizz Air

Wizz Air Holdings

1,190.00p

16:50 13/09/24
2.50%
29.00p

Hungary-based budget carrier Wizz Air reported a 1% rise in passenger numbers in August – setting a new record - although capacity fell due to continued groundings of aircraft using Pratt & Whitney’s GTF engines.

FTSE 250

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FTSE 350

4,566.32

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FTSE All-Share

4,522.48

17:00 13/09/24
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Travel & Leisure

7,642.82

16:44 13/09/24
1.26%
94.83

Wizz carried 6.2 million passengers during the month at an improved load factor of 95.4% versus 94.1% last year despite operated seat capacity being down 0.4% year on year due to the groundings.

Engine maker Pratt & Whitney last year said turbofan engines attached to Airbus A321s had to be inspected for potentially defective high-pressure turbine and compressor discs, exacerbating a global supply problem for airlines.

Reporting by Frank Prenesti for Sharecast.com

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