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 has exercised purchase rights for another 75 Airbus A321neo aircraft, it said on September 15, bringing the total number of ordered Airbus aircraft to 482. Wizz Air purchases another 75 Airbus A321neo aircraft. The purchase rights were part…
Saudi Arabia is becoming an ever-more important market for Wizz Air. The ultra-low-cost airline announced the launch of twenty new routes between Europe and Saudi Arabia from December to July next year on August 25. Wizz Air gets serious about…
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…
Hydrogen operations are the target of a Memorandum of Understanding (MoU) between Wizz Air and Airbus to examine the feasibility of hydrogen-powered aircraft operations. The objective is to identify infrastructural and operational requirements and the challenges presented with hydrogen-powered aircraft.…