AUS
NZ
UK
CA
USA
IND
.jpg)
Highlights
- Low-cost airline Wizz Air Holdings PLC’s shares fell almost 3 per cent after a group of 14 investors called on the airline to allow its employees to join trade unions.
- According to reports, the investor group’s letter stated six cases, highlighting Wizz Air blocking trade union formation since 2014.
Low-cost airline Wizz Air Holdings PLC’s (LON:WIZZ) shares fell nearly 3 per cent after a group of 14 investors called on the airline to allow its employees to join trade unions.
The investors’ call comes amid concerns the airline was potentially discouraging forming and joining a union, which would be in breach of its staff’s human rights.
The 14 investors group included Denmark based pension fund, AkademikerPension, UK based asset management firm Ardevora Asset Management, and others.
Investor group’s letter
The investor group’s letter stated six cases, highlighting Wizz Air blocking trade union formation since 2014.
According to the media reports, in 2014, a court based in Romania had placed a fine on Wizz Air following the airline’s dismissal of 19 workers who had started a trade union.
In June 2020, Wizz Air’s CEO Jozsef Varadi had reportedly been quoted in an interview saying that the airline was trying to keep out unions in all places due to its impact on their business.
Wizz Air’s November 2021 traffic and Co2 emission statistics
The airline’s November capacity rose by a whopping 326.5 per cent to 2,853,998, up from 669,139 in November 2020.
While the November capacity, on a 12-month rolling basis to 30 November 2021, rose by 7.1 per cent to 26,576,249, up from 24,820,669 the year before
Meanwhile, its November booked passengers jumped by 375.7 per cent to 2,171,581, up from 456,487 in November 2020.
And the November booked passengers, on a 12-month rolling basis to 30 November 2021, rose by 2.2 per cent to 19,750,190, up from 19,331,368 the year before
Its November load factor improved by 7.9 percentage points to 76.1 per cent, up from 68.2 per cent in November 2020.
At the same time, the airline’s November 2021 CO2 emissions increased by 335.6 per cent to 224,019 tonnes, up from 51,427 tonnes in November 2020.
While on a 12-month rolling basis, it was down by 0.5 per cent to 2,069,258, compared to 2,079,302 the year before.
Related Read: Easyjet (EZJ) & Wizz Air (WIZZ): Should you hold these aviation stocks?
Wizz Air Holdings PLC (LON: WIZZ) share price performance
Wizz Air’s shares fell by 2.91 per cent at GBX 4,059 on 15 December at 10:42 AM BST.
At the same time, the FTSE 250 index, which it is a part of, was at 22,508.47, down by 0.19 per cent. Wizz was among the top fallers in the midcap index.
Image source: EODHD/Others
The group’s market cap stood at £4,283.56 million as of 15 December.
