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Wizz Air passenger surge
Wizz Air announced that its passenger numbers in September increased by 24.2% to reach 7.78 million passengers, with an operational capacity increase of 25.3%. This resulted in a seat occupancy rate decrease of 0.8 percentage points, bringing it to 92%. Over the course of the year, the total number of passengers grew by 19% to 79.33 million, with capacity rising by 19.3% to 87.20 million seats, while the cumulative load factor decreased slightly to 91%. The company raised its second-quarter revenue outlook, expecting stable revenue per seat per kilometer. It also announced a plan to reduce capacity by 5% in the second half of the year due to geopolitical circumstances and fuel price volatility. Wizz Air aims to reach €10 billion in revenue with a 10% profit margin by 2030, along with expanding its fleet to 335 aircraft and transporting 127 million passengers.
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