• Ryanair (NR, BBB+, BBB+) reported Feb passenger traffic of 11.1m (+4.7% yoy), and a load factor of 92% (unch yoy, Jan 89%).
  • Wizz Air(Ba1, NR, BBB-) Feb traffic was 4.39m (+16%yoy) but still down from 4.7m last month. Load factor was 90% (vs. 93.3% yoy & 82% last month). Points to Israel capacity & some aircraft groundings related to engine inspections as drags on load factor.
  • Ryanair & Wizz are streaming ~2bps tighter, JetBlue & EasyJet (Baa2, BBB P) unch to wider.

TRANSPORTATION: Rynair & Wizz report Feb traffic pick-up & load factor increase in line with seasonals

Last updated at:Mar-04 07:34By: Piri Muthu
  • Ryanair (NR, BBB+, BBB+) reported Feb passenger traffic of 11.1m (+4.7% yoy), and a load factor of 92% (unch yoy, Jan 89%).
  • Wizz Air(Ba1, NR, BBB-) Feb traffic was 4.39m (+16%yoy) but still down from 4.7m last month. Load factor was 90% (vs. 93.3% yoy & 82% last month). Points to Israel capacity & some aircraft groundings related to engine inspections as drags on load factor.
  • Ryanair & Wizz are streaming ~2bps tighter, JetBlue & EasyJet (Baa2, BBB P) unch to wider.

MNI Podcasts

Unearthing fresh policy thinking & market intelligence.

Copyright 2024Twitter, Xlinkedin logo