As airlines recover from pandemic effects, Wizz Air and Ryanair are experiencing a spike in passengers

Wizz Air and Ryanair, two of the largest low-cost airlines, both reported record passenger counts in May, signaling that things are going well for the airline industry in general.

Wizz Air

In May, Wizz Air, a low-cost airline based in Hungary, carried 5.1 million passengers, a 22.1% increase over the same month in the previous year. According to the airline, it anticipates carrying 27 million passengers this fiscal year, an increase of 18% from 2022.

Ryanair

In May, Ryanair, an Irish low-cost airline, carried 17 million passengers, a record for a single month. According to the airline, it anticipates carrying 185 million passengers this fiscal year, an increase of 10% from 2022.

Reasons for the Rise in Passenger Numbers in Wizz Air and Ryanair

The increase of passengers can be attributed to a number of factors, such as:

• Following the COVID-19 pandemic, the world economy is beginning to recover, and travelers are feeling more at ease.
• Travel restrictions are being loosened by governments, making flying more convenient for citizens.
• Because of the cheap price of oil, flying is more accessible.
• Fares on airlines are becoming more affordable.

Impact of the Rise in Passenger Numbers

The airline industry is benefiting from the increase in passenger volume. Airlines are acquiring new aircraft and expanding their networks while reporting healthy earnings. The increase in travelers is also excellent news for the travel industry because it is promoting tourism.

Conclusion

The increase in passenger traffic is encouraging for the airline sector. The business is on track to resume its pre-pandemic levels of activity as it recovers from the pandemic. This is encouraging for travelers, who are becoming more at ease with their travel plans and are seeking more flight booking options.