Low-cost airlines lead European aviation recovery
Low-cost carriers Ryanair and Wizz Air continue to lead the recovery of Europe’s aviation sector after recording strong passenger traffic in June.
Ryanair Holdings carried 15.9 million passengers in June, compared to just 5.3 million in the same month last year. Last month’s traffic was also higher than the 14.2 million passengers carried in June 2019, with the airline operating a total of 88,500 flights.
The Irish company, which also owns Buzz, Lauda and Malta Air, recorded a load factor of 95% in June. Although this is down from the 97% load factor achieved in June 2019.
Ryanair’s passenger numbers and load factors have increased steadily month on month since January, when the company carried seven million passengers at a load factor of 79%.
Meanwhile, Europe’s fastest growing major airline, Wizz Air, carried 4.3 million passengers in June, up 179% from June 2021. It also recorded a factor of 86.1% fill last month, up from 64% a year ago. .
Last month, the Hungary-based airline said it expected fares to increase by a “higher figure” between July and September, compared to the summer of 2019, when the industry makes facing higher costs alongside growing demand from travellers.
Wizz also recently announced the launch of new routes from Rome and Vienna to Dammam in Saudi Arabia.
Meanwhile, fellow low-cost carrier easyJet has had it harder after it was recently criticized for a high number of last-minute flight cancellations – the airline’s chief operating officer Peter Bellew has quit from his post last week.