Ryanair and Wizz Air traffic up in December, shares drop

Budget carriers Ryanair and Wizz Air (LSE: WIZZ) saw increased passenger numbers in December 2022 despite hundreds of flight cancellations to Israel, companies reported on Wednesday.

Ryanair flew 12.5 million passengers, up 8.7% from December 2021. However, over 900 flights were cancelled amid the Israel-Gaza conflict. Wizz Air carried 5 million passengers, a 19% increase. But both airlines saw lower load factors and Wizz’s CO2 emissions rose 23% to 500,027 tonnes.

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Wizz shares closed down 4.2% at £21.23 while Ryanair fell 4.9% to €18.19 as investors reacted to the mixed airline updates.

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The companies provided the latest passenger statistics after temporarily suspending Tel Aviv services last month due to tensions in Israel.