Wizz Air Shares Surge Following December Passenger Figure Increase

By Scott Kanowsky

Shares of Wizz Air Holdings PLC, listed in London, experienced an uptick on Tuesday following a significant boost in passenger numbers for December.

The European low-cost airline reported that the number of customers flying with them during the month surged to 4,180,310, reflecting a 58.4% increase compared to December 2021. The load factor, which indicates the percentage of available seats occupied by paying passengers, rose 9.1 percentage points to 84.5%.

Over the past 12 months, passenger numbers soared by 110.2%, reaching a total of 45,661,915, with a load factor of 86.7%.

In December, Wizz Air launched new routes from Italy to Saudi Arabia and announced further expansion plans at its bases across Europe. The airline indicated that additional aircraft would commence operations on new routes and enhance frequency starting this year.