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Wizz optimistic about swift recovery from crisis

Yes, the airline industry is in the midst of the worst crisis it has ever seen. And yes, this has had an impact on its operations, but Central and Eastern European ultra-low-cost airline Wizz Air is optimistic it will come out of the Covid-crisis stronger and quicker...

Wizz Air forms new ultra-LCC in Abu Dhabi

Abu Dhabi is set te become a low-cost airlines battlefield in the Middle East as a new entrant announced it will join the market in 2020. Central and East European airline Wizz Air will form a joint venture with Abu Dhabi Development Holding (ADDH) to create a new...

Wizz Air thrives on regional growth

Interesting news from Wizz Air: while many European airlines report lower results and yields under pressure, the ultra-low-cost airline from Central-Eastern European sees significant growth. Wizz closed its FY2020 Q1 with a net profit of EUR 72.4 million, compared to...

Wizz: high Q3 revenues, low profit

Central and Eastern European ultra-low-cost airline Wizz Air presented mixed results on January 30 in its Q3 FY2018/2019 results update. While revenues increased 21.2% to €512.7m, its net profit year-on-year dropped 87.6% to just €1.7mln and net profit margin to a...

Buying or leasing? That’s the question

Leasing of aircraft has taken a jump. Yet airlines prefer to buy them outright too. Richard Schuurman looks at the...

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