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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. 

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