Wizz Air turned around a HY1 loss into a solid profit, reporting a net profit for March-September of €400.7 million. Its Q2 profit was up five times on that of the same period. In the coming months, the Geared Turbofan issues will result in 45 aircraft on ground, but Wizz is taking mitigating actions to reduce the impact.
The €400.7 million net profit for HY1 for FY24 compares to €-389.7 million last year. Revenues improved to €3.052 billion, up from €2.194 billion. Of this, €1.762 billion came from passenger revenues (2022: €1.182 billion) and €1.290 billion from ancillary revenues (€1.012 billion). The airline carried 33 million passengers, up 25 percent year on year and 49 percent more than in its pre-pandemic year FY20. Capacity was up 27 percent year on year. Revenues per available seat kilometer were up 0.6 percent to €4.91 cents.
We use cookies to optimize our website and our service.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
