wizz air

Hungarian low-cost airline Wizz Air (LON:WIZZ) announced a 25.2 percent increase in year-on-year passenger numbers in March on-year, after adding several new routes.

The carrier said it had flown 2,476,153 people in March, with its load factor rising by 1.1 percentage points to 91.5 percent. Total flying capacity increased by 23.7 after the addition of several new routes.

The group had previously announced including added nine new routes to Austria and a single route to Bosnia and Herzegovina. On Tuesday, Wizz Air announced that it would be taking advantage of extra capacity at Wroclaw airport in Poland, adding five new routes including Bari, Vilnius and Athens.

Ryanair (LON:RYA) also announced an increase in passenger numbers on Wednesday, with customers rising 6 percent in March to 10.0 million up from 9.4 million a year earlier. Load factor improved to 95 percent from 94 percent “on the back of lower fares”.

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Miranda is the online editor of UK Investor Magazine. Her interests include private equity, crowdfunding, peer-to-peer lending, gender equality and coffee.