Wizz Air to pull out of Abu Dhabi and cancels all flights Transport and infrastructure Wizz Air has revealed plans to pull out of Abu Dhabi and cancel all flights from the start of September. The London-listed carrier added it intends to exit its joint venture and will “focus on its core markets” in the future. Wizz Air said the move follows a “comprehensive reassessment of market dynamics, operational challenges, [...]
Wizz Air CEO gets huge bonus despite tumbling shares and profit Transport and infrastructure The chief executive of Wizz Air saw his pay take off despite the airline’s profit tumbling during its latest financial year. Jozsef Varadi took home a pay packet of €3.8m (£3.2m) for the Hungarian low-cost airline’s year to 31 March, 2025, according to its annual report. The CEO’s remuneration was boosted from the €1.3m he [...]
Keep airlines’ record $1trn revenue in perspective, says former British Airways chief Transport and infrastructure The global airline industry is expected to make $1trn (£783.7bn) in revenue for the first time in its history next year, as passenger demand continues to break records in the post-Covid era. The International Air Transport Association (IATA) on Tuesday forecast annual traffic would reach another all-time high of around 5bn, despite supply chain issues [...]
Easyjet: Golden goodbye for departing CEO Johan Lundgren December 10, 2024 The departing chief executive of Easyjet has been handed a golden goodbye to the tune of almost £3m ahead of stepping down next month. Johan Lundgren has pocketed £2.88m ahead of handing over to Kenton Jarvis in the New Year. The pay packet is up from the £2.19m Lundgren received in the prior year. The [...]
Jet2 hikes dividend on record profit as holiday prices rise again November 21, 2024 Average package holiday prices grew six per cent to £904, with inflation leading to higher costs for consumers, Jet2 said.
Will Jet2’s share price continue to fly? November 18, 2024 Jet2's stock, up 23.7 per cent this year to date, has outperformed rivals such as Ryanair and Tui this year.