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Ryanair Holdings PLC and Wizz Air Holdings PLC on Friday reported contrasting operating results for July, with Ryanair faring better than its rival budget carrier. Dublin-based Ryanair said it carried 20.2 million passengers last month, up 8.0% from 18.7 million a year before. Its load factor was flat at 96%. Ryanair said it operated more than 110,500 flights in July, while 651 flights were cancelled due to air traffic control delays. On a rolling 12-month basis, Ryanair carried 190.4 million passengers, up 8.6% from 175.3 million in the 12 months to July 2023. The load factor for both 12-month periods was 94%. Budapest-based Wizz Air said it carried 5.9 million passengers in July, down 1.4% from 6.0 million a year before. Its load factor also slipped, to 93.8% from 94.9%. Capacity was down 0.3%, due to geared turbofan engine-related groundings of A321neo planes, Wizz said. The airline also was hurt by the worldwide IT outage on July 19, which disrupted about 1% of its scheduled flights last month, it said. However, on a rolling 12-month basis, Wizz carried 68.9 million passengers, up 12% from 61.6 million, at an unchanged 90.0% load factor. Ryanair shares were down 0.4% to €14.35 in Dublin early Friday. Wizz Air shares were down 1.0% to 1,466.00 pence in London. Copyright 2024 Alliance News Ltd. All Rights Reserved.
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