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Wizz Air passenger growth hits 24%
Wizz Air, the low-cost airline, announced that its passenger numbers in September increased by 24.2% to reach 7.78 million travelers. Operational capacity also grew by 25.3% to 8.46 million seats, despite a decline in the seat occupancy rate to 92%. Over a 12-month period, passenger numbers rose by 19% to 79.33 million, with capacity increasing by 19.3% to 87.20 million seats, while the seat load factor decreased slightly to 91%. The company has raised its revenue forecasts amid a strategy to cut capacity by 5% in the second half of the year due to geopolitical conditions and fuel price volatility. It also outlined medium-term goals of reaching 10 billion euros in revenue and a 10% operating margin by 2030, along with plans to operate a fleet of 335 aircraft and transport 127 million passengers.
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