Atlantic City

Published on Tuesday, February 4, 2020

US investors to sell Wizz Air shares

US private equity firm Indigo Partners is to sell up to £500 million of shares in Wizz Air, which today announced a 23% increase in year-on-year passenger numbers to 3.15 million in January.

Indigo Partners currently holds almost a 21% stake in the Eastern Europe-based budget airline.

The carrier last week lifted its profit guidance for the full year to between €350 million and €355 million after announcing a third-quarter net profit of €21.4 million for the period to the end of December 2019. It made a €21 million loss  in the same period of 2018.

Today, Wizz revealed that it carried 3.15 million passengers in January, almost 23% more than in the January 2019, and it's load factor was up 2.1 percentage points to 90.2%.

The airline, which claims to have a lower carbon footprint than all its rival airlines, cut its CO2 emissions per passenger by just under 1% in January, but overall they were up 21.3% due to its increase in traffic.

Wizz will expand further this year, launching four new routes in Russia in the summer and 18 new routes elsewhere in Europe. 

Story Image

Your Comments

, be the first to post a comment.
Your email:

Email other comments made to this story

NOTE: Comments are subject to admin approval before being posted.
Mole Poll
Do you think there will be any significant long haul business before 2021 ?
YES 39.12 %
NO 60.88 %

Thank you for your vote

What is GoodtoGo?

Submit your news
or special offer

Current UK Special Edition

Current US Special Edition

Current Asia/Pacific Special Edition


Longwoods Research points to a problem for the tourism comeback

Atlantic City Tourism Stakeholders detail next steps

New cruise business launches amid travel and tourism crisis

Air Mauritius will fly again. The MTPA details its plans to welcome back European visitors