No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(Sharecast News) - Budget airline Wizz Air on Friday reported a 1.9% increase in passenger numbers for December on an annual basis, but capacity declined as it continued to ground aircraft due to problems with Pratt & Whitney engines.
The company carried 5.06 million passengers last month. Seat capacity was down 3.1% year-on-year with a load factor of 86.5%, up 4.3 percentage points.
It added that early indications for the fourth quarter to March 2025 remained positive, with bookings currently running ahead by more than 2 percentage points against this time last year.
Wizz Air on Tuesday announced it would be have to ground around 40 Airbus A320neo aircraft in its fleet through the 2026 financial year as it struggles with issues on the P&W turbofan engines. The two companies have also reached agreement on a compensation package.
"Broader negotiations on engine selection remain ongoing as Wizz continues to seek the most cost-efficient engine decision for its future," Wizz said on Thursday.
Reporting by Frank Prenesti for Sharecast.com
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.