Wizz Air is set to report its full-year results on Thursday, shedding more light on the airline industry’s recovery following strong results from European carriers.

Wizz Air shares have gained over 40% this year, following strong growth in revenue and passenger numbers in 2023. Q3 saw Wizz Air carry 12.4m passengers, up 59% YoY, as the removal of travel restrictions has seen the industry improve significantly. Therefore, revenue grew 123% to €911.7m.

Recent numbers showcased a 22.1% growth in passenger numbers for May to 5m and a load factor of 90.2%, up from 84.2% in May 2022. This momentum will hope to see Wizz Air return to profit for F24.

Jozsef Varadi, Wizz Air CEO, commented on booking volumes coming in ahead of 2022 and the load factor gap continuing to close vs 2019. However, Wizz Air is expected to report a net loss in F23 but remains confident that F24 will be profitable, although Thursday’s results will offer more insight.

Wizz Air Twitter mentions, which we use as a sign of rising and declining demand, have remained steady around the 1,000 mark following a spike in early March…

And, while they have edged a tad higher in recent weeks, there has been no real momentum, suggesting demand remains persistent at current levels.

However, there are other signs of rising demand. Semrush data shows traffic to the carrier’s website remains near highs, backing up the notion that the consumer appetite for travel remains robust heading into the summer period.

By Jamel Boughedda