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easyJet and Wizz Air shares move up as both report passenger number growth, but easyJet load factor slips

The white and orange liveried airline reported that passenger numbers for the month had risen 14.1% year-on-year to around 8.6mln

Wizz Air and EasyJet planes
Meanwhile, Wizz reported YOY increases of 14.8% in passengers to 3mln

Budget airliners easyJet PLC (LON:EZJ) and Wizz Air Holdings PLC (LON:WIZZ) saw their shares rise in early trading Tuesday as both reported double-digit passenger growth in October, however, easyJet saw a slight dip in its load factor.

The white and orange liveried airline said passenger numbers for the month had risen 14.1% year-on-year (YOY) to around 8.6mln, while in the rolling 12 months it had increased by 10.6% to 89.5mln.

READ: Easyjet carries an extra 1mln passengers in September but load factor slips

However, YOY the company’s load factor (i.e. the percentage of seats filled) declined by 2 percentage points to 90.5%, while in the rolling 12 months it fell 0.1 percentage points to 92.7%.

Meanwhile, Wizz reported a YOY passenger increase of 14.8% to 3mln and a 20.5% rise to 33.1mln over the rolling 12 months.

Load factor also rose 1.9 percentage points to 94% while over the rolling 12 months it was up 0.7 percentage points to 92.1%.

Wizz's capacity also increased over the period with the number of seats rising 12.5% YOY to 3.2mln and 19.6% to 35.9mln on the rolling 12 months.

EasyJet shares were up 0.3% at 1,229p while Wizz Air shares were up 1.5% at 2,657p.

Quick facts: easyJet plc

Price: 675 GBX

LSE:EZJ
Market: LSE
Market Cap: £2.95 billion
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