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Low-cost airlines lead recovery in European aviation

Low-cost carriers Ryanair and Wizz Air are leading the recovery in Europe’s aviation sector after seeing strong passenger traffic in June.

Ryanair Holdings carried 15.9 million passengers in June, up from 5.3 million in the same month last year. Last month’s traffic was also above the 14.2 million passengers it carried in June 2019 as the airline operated a total of 88,500 flights.

The Irish-based company, which also owns Buzz, Lauda and Malta Air, recorded a 95 percent load factor in June. Although it was less than the 97 percent load factor achieved in June 2019.

Both Ryanair’s passenger numbers and load factor have been steadily increasing month by month since January when the company carried 7 million passengers with a 79 percent load factor.

Meanwhile, Wise Air, Europe’s fastest-growing major airline, carried 4.3 million passengers in June, up 169 percent from June 2021. It recorded a 6.1 percent load factor last month, an increase of 64 percent from a year earlier. .

Last month, the Hungarian-based airline said it expects fares to rise to a “top single number” between July and September compared to the summer of 2019, as the industry copes with rising demand and higher costs from travelers.

Wiz recently announced the launch of new routes from Rome and Vienna to Dammam in Saudi Arabia.

Meanwhile, fellow low-cost carrier EasyJet is currently going through a difficult time after being criticized for the high number of last-minute flight cancellations – the airline’s chief operating officer Peter Belleau resigned last week.

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