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Wizz Air and Ryanair report traffic growth in November as latter inks agreement with German pilot’s union

Wizz Air reported that passenger numbers had risen to 2.4mln during the month, an 11.2% increase year-on-year, while Ryanair's traffic grew 11% YOY to 10.4mln

Ryanair aircraft
Ryanair's deal with the German pilot's union will be signed before the end of February 2019

Budget airlines Wizz Air Holdings PLC (LON:WIZZ) and Ryanair Holdings PLC (LON:RYA) both reported increased traffic in November as the latter secured a deal with a union of its German pilots.

Wizz Air reported that passenger numbers had risen to 2.4mln during the month, an 11.2% increase year-on-year (YOY), while its load factor increased 2.9 percentage points (ppts) YOY to 91.2%.

READ: Wizz Air shares take a dive as it downgrades full-year profit guidance on fuel prices and summer disruption

In the rolling 12 months to November, Wizz’s passenger numbers rose 19.7% YOY to 33.4mln while the load factor increased by 0.9 ppts to 92.3%.

The carrier also said that during the month it had announced 17 new routes for its flights as well as expanding its fleet to 105 aircraft.

Meanwhile, Ryanair reported that its traffic for the month grew 11% YOY to 10.4mln with a 96% load factor.

The group’s core Ryanair business reported traffic growth of 8% YOY to 10.1mln, while its Laudamotion segment reported traffic of 0.3mln.

READ: Ryanair reports double-digit passenger growth in October but urgent upgrade to force site closure

The group’s chief marketing officer, Kenny Jacobs, added that the group operated 56,000 flights during the month with over 88% of them arriving on time.

Deal reached with German pilots

In a separate announcement, Ryanair said it had secured a deal with the German pilot union VC over wages and benefits.

The four-year deal includes agreements on pay, pensions, pilot allowances, and annual leave and would be fleshed out in detailed documents to be signed at the end of February next year.

Ryanair added that the agreements would also deliver basic pay increases, its '5-on-4-off' roster, and apply German labour laws to all of its pilots based in the country.

READ: Ryanair slashes profit guidance on strike impact and higher oil prices

The deal follows a profit warning in October when a wave of pilot and cabin crew strikes across Europe and higher oil prices forced the airline to cut its annual profit expectations by 12% amid a rise in cancellations and a drop in bookings.

In mid-morning trading, Wizz Air shares were down 3% at 2,897p, while Ryanair shares were up 0.5% at 11.7p.

Quick facts: Ryanair Holdings PLC

Price: 16.535 EUR

LSE:RYA
Market: LSE
Market Cap: €18.64 billion
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