Wizz Air is reducing its summer capacity growth by five percent to 25 percent, citing “continued infrastructure and supply chain limitations that are facing the industry.” This has all to do with the accelerated inspections of the Pratt & Whitney…
UPDATE – Eleven months since first announcing its intention to exercise options, Wizz Air shareholders have finally approved an order for 75 Airbus A321neo’s. During the airline’s annual general meeting in Geneva, the proposed purchase got the support of 18.229.812…
Wizz Air is fully focused on improving operational performance in its next financial year 2024, which starts on April 1. It wants to get utilization hours back to pre-pandemic levels and eliminate any cost disadvantages to get unit costs down,…
A net foreign exchange loss of €269.2 million related to unhedged lease liabilities in US dollars is the main reason that Wizz Air’s half-year loss almost tripled. Despite other headwinds like high fuel costs, the ultra-low-cost airline produced a positive second…
Wizz Air’s policy not to hedge fuel costs has bitten it hard in the first quarter of FY23. While passenger numbers and revenues significantly increased, they were negated by the effects of higher fuel and operating costs. It pushed the ultra-low-cost…
Continued high fuel costs, operational disruptions at airports, air traffic management issues, and the resulting compensation to customers are expected to push Wizz Air into a first-quarter FY23 operating loss this summer. The ultra-low-cost carrier is particularly blaming supply chain/staffing issues…