Wizz Air expects to return to profitability in the current financial year 2024 and reach pre-pandemic levels, having reported a slightly lower net loss for FY23. The Hungarian low-cost airline’s FY24 target “will be driven by low cost, operational excellence,…
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 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…