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Prices & Quotes - UK Markets - Wizz Air Holdings (WIZZ)

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Share Price:
Up 3,454.00p
Change Today:
172.00p
Market Cap:
2,951.15m
Sector:
Travel & Leisure

Wizz Air passenger numbers showing signs of recovery

By Josh White

Date: Thursday 02 Jul 2020

LONDON (ShareCast) - (Sharecast News) - Wizz Air's fortunes looked to be starting to turn around on Thursday, as the low-cost airline reported an improvement to the Covid-19 related fall in passenger numbers seen in recent months.
The FTSE 250 low-cost airline said that for June, its capacity was down 74.7% year-on-year at 961,797 seats, while passengers were 86.1% lower at 502,253.

That made for a load factor of 52.2%, which was 42.8 percentage points lower than at the same time last year.

It was, however, an improvement on the figures seen in May, when much of Wizz Air's Europe market was under stricter coronavirus lockdowns.

The company's capacity in May was just 207,025 seats, with passengers in that month totalling 126,549.

On the operational front, Wizz Air said it continued to grow its network and improve its customer offering in June, opening three new bases, deploying nine aircraft, and launching 64 new routes.

In Bacău, Romania, it launched a new base with two aircraft and 12 new routes, and in Belgrade, Serbia, it added one additional aircraft, taking the base to three aircraft, and adding nine new routes.

There were seven new routes added to Bucharest in Romania, while a new base was opened in Dortmund, Germany, with three aircraft and 18 new routes.

In Larnaca, Cyprus, one additional aircraft was added, taking the base to three aircraft with five new routes, while in St Petersburg, Russia, a new base was opened with one aircraft and five new routes.

Finally, in Varna, Bulgaria, one additional aircraft was introduced, taking the base to three aircraft, with eight new routes added.

Wizz Air also introduced its first two Airbus A320neo aircraft during the month, powered by Pratt & Whitney GTF engines which deliver close to a 50% reduction in noise footprint compared to its previous generation aircraft.

In addition, the GTF engine reduced fuel burn by 16%, and nitrogen oxide emissions by 50%.

"Wizz Air continuously operates at the lowest carbon dioxide emissions per passenger kilometre amongst all competitor airlines, with 57.9 grams per passenger kilometre for the rolling 12 months to 30 June," the board claimed in its statement.

"For the month of June, emissions in grams per passenger kilometre were 64.3% higher due to the drop in load factor, while total carbon dioxide emissions in tonnes decreased in line with capacity."

At 0923 BST, shares in Wizz Air were up 2.31% at 3,419.3p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

WIZZ Market Data

Currency UK Pounds
Price 3,454.00p
Change Today 172.00p
52 Week High 4,496.00p
52 Week Low 2,006.00p
Volume 297,995
Shares Issued 85.44m
Market Cap 2,951.15m

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What The Brokers Say

Strong Buy 12
Buy 1
Neutral 7
Sell 0
Strong Sell 1
Total 21
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WIZZ Dividends

No dividends found

Trades for 20-Oct-2020

Time Volume / Share Price
16:36 113 @ 3,454.00p
16:36 10 @ 3,454.00p
16:36 1,772 @ 3,454.00p
16:36 1,500 @ 3,454.00p
16:35 74,619 @ 3,454.00p

WIZZ Key Personnel

Chair William Franke
CEO Jozsef Varadi