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Wizz Air Shares Rose 2% on June Passenger Data, CO2 Emission

Analyst Team trader
Updated 4 Jul 2023

The Wizz Air Holdings PLC (LON: WIZZ) share price rose 1.93% after releasing its June 2023 traffic and CO2 emissions data. The budget airline carried 5,314,584 passengers in June, representing a 22.5% increase to last year’s figures at a load factor of 92.2%.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


The airline continued investing in its network and growing the number of destinations it offers to its European clients. The airline added ten new routes to its Albanian network.

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The airline intends to start offering new flights from Tirana to Edinburgh, Birmingham, Liverpool (UK), Sofia (Bulgaria), Bucharest (Romania), Prague (Czech Republic), and Krakow (Poland) in the upcoming winter season.  

Wizz Air’s expansion of its network means that the airline will start offering over 100 extra weekly flights this winter season. The expansion also leaves Wizz Air well-positioned to generate more revenues over time as it capitalises on rising demand for short-haul flights within Europe. 

Furthermore, the airline took delivery of its first A321neo aircraft from the Airbus assembly plant in Tianjin, China. This is the first aircraft Wizz Air received from a non-European assembly plant. The aircraft is also the first to be delivered to a European airline customer from the Tianjin plant. 

Wizz Air was also voted the Most Sustainable Low-Cost Airline for the third consecutive year at the World Finance Sustainability Awards 2023. The airline maintains extremely low CO2 emissions per passenger/km among all its competitors.

The airline reported average CO2 emissions per passenger/km of 52.5 grams per passenger/km for the 12 months to 30 June 2023. The airline’s June CO2 emissions were 51.5 grams per passenger/km (8.4% lower than last year).

Wizz Air prides itself on being the fastest-growing European ultra-low-cost airline and one of the most sustainable and currently operates a fleet of 184 Airbus A320 and A321 aircraft. 

The airline offers travellers superior service at very low fares making it the preferred choice for 51.1 million passengers in the fiscal year ended 3 March 2023. 

*This is not investment advice. 

Wizz Air share price. 

The Wizz Air share price rose 1.93% to trade at 2848.0p, from Monday’s closing price of 2794.0p.


YOUR CAPITAL IS AT RISK. 76% OF RETAIL CFD ACCOUNTS LOSE MONEY.


The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.