GCIWizz Air July passenger numbers fall as more A321 aircraft grounded
Budget carrier reported a fall in operated capacity and passenger numbers in July due to engine-related groundings of some of its Airbus 321neo fleet of aircraft.
Capacity fell 0.3% year on year to 6.334 million seats, while passenger numbers were down 1.4% to 5.9 million. The load factor was 93.8% vs 94.9% last year.
Engine maker Pratt & Whitney last year said turbofan engines attached to the A321s had to be inspected for potentially defective high-pressure turbine and compressor discs, exacerbating a global supply problem for airlines.
Reporting by Frank Prenesti for Sharecast.com
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.