Ryanair stock higher as passenger numbers rise
Ryanair’s stock is higher this morning after the company updated investors on passenger numbers. The low-cost airline reported said some 11.1 million travelled with Ryanair over February, up 5% on last year.
With load factors remaining the same at 92%. Ryanair also said it cancelled 800 flights due to the Israel-Gaza conflict during the month. Last week, the group said expects to carry 198 million to 200 million passengers in the financial year from April, down from the 205 million previously forecast, after announcing cuts to its summer schedule due to Boeing delivery delays. Meanwhile, shares in Wizz Air are lower this morning after the airline also updated investors on passenger numbers in February. It unveiled a 16% increase in passengers, just shy of 4.4 million, but it saw a fall in load factors to 90%, as IGTV’s Angela Barnes explains.
(AI Video Summary)
Ryanair
Ryanair, a low-cost airline, recently reported a small increase in the number of passengers it carried. In February, the airline saw a 5% rise in passengers to 11.1 million. This means more people chose to fly with Ryanair during this time. The load factor, which measures how full the planes were, stayed the same at 92%. This is a positive sign for the company as it shows that they are filling their planes effectively. However, it is important to note that Ryanair had to cancel 800 flights due to the Israel-Gaza conflict. Despite this setback, the airline still expects to carry around 198 million to 200 million passengers in the financial year. It is slightly lower than their original prediction of 205 million, but this is because they had to reduce their summer schedule due to problems with receiving new planes from Boeing.
Wizz Air
In contrast, Wizz Air, another airline, announced a 16% increase in passengers in February, reaching almost 4.4 million. This is a significant growth for the company and shows that more people are choosing Wizz Air for their travels. However, the load factors for Wizz Air decreased by 3.3% to 90%. This means that their planes were not as full as before, which could be a cause for concern in terms of their operations and efficiency.
Overall, Ryanair's increase in passenger numbers and consistent load factors indicate a positive trend for the company, despite the cancellations and revised forecast. This means that Ryanair is doing well in terms of attracting passengers and keeping their planes busy. On the other hand, Wizz Air's increase in passengers is impressive, but the decrease in load factors may suggest some inefficiencies in their operations. It would be interesting to see if Wizz Air can address these issues and improve their load factors in the future.
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