Wizz Air Holdings PLC (LON:WIZZ) have reported a strong performance in December for passenger traffic and capacity figures.

The firm saw double digit rise across December, which will please shareholders in a period of volatility in the airline industry.

The firm reported a capacity increase of 24% to 3.7 million from 3.0 million a year before, while passengers increased by 25% to 3.3 million from 2.7 million.

On a rolling annual factor, Wizz Air saw their capacity ruse by 16% to 42.5 million, passengers 18% to 39.8 million and load factor from 93.6% to 92.4%.

For December, Wizz Air reported that its carbon dioxide emission rose by 23% to 324,437 tonnes year-on-year, and by 16% to 3.7 million tonnes on a rolling annual basis.

Additionally, the available seat kilometres grew by 18% to 69.4 million, and revenue passenger kilometres by 20% to 65.2 million.

Wizz Air have also added a number of different routes including operations in Romania, Austria, Hungary, Lithuania and Poland.

December success for Wizz Air

December was a busy month for Wizz Air, as the firm also announced that it would be appointing Jouirk Hooghe as chief financial officer, which will be effective from February 1st.

Hooghe will be joining from Adecco Group AG (SWX:ADEN) – where he has been senior vice president for strategy, finance and accounting since 2018.

Additionally, in December Wizz Air announced that they would be expanding routes into Armenia.The firm said it will be operating flights from Vilnius and Vienna to Zvartnots International Airport in Yerevan.

“We have put a great effort in decreasing costs for airlines operating in Armenia,” Tatevik Revazian, chair of the Civil Aviation Committee of Armenia, told Reuters.

Wizz Air build on strong November passenger numbers

Both Wizz Air and Ryanair Holdings plc (LON:RYA) released impressive figures across November trading, and it seems the former has continued their positive trading period.

Wizz Air reported a November capacity increase of 27% to 3.2 million from 2.6 million, while load factor rose 92.8% to 91.2%.

Available seat kilometres was up by 21% to 5.2 million from 4.3 million and revenue passenger kilometres grew by 4.9 million from 3.9 million in November 2018.

On a rolling annual basis, capacity is up 15% to 41.8 million, total passengers up by 17% to 39.1 million with load factor up 1.3 percentage points to 93.6%.

Certainly, shareholders will be impressed with trading across 2019 for Wizz Air, where the industry has been shocked by headlines such as the collapse of Thomas Cook (LON:TCG) in September.

Shareholders should remain optimistic and will hope that the form found in 2019 can continue throughout the new year.

Shares of Wizz Air trade at 3,767p (-3.31%). 6/1/20 13:44BST.

Previous articleAvesoro controlling shareholder acquires 100% stake
Next articleMattioli Woods reports revenue gains following positive update