Airport slots should be given to those who can use it, Wizz Air boss says Ghost flights debacle Wizz Air’s chief executive Jozsef Varadi said that legacy airlines should not retain their airport slots if they are not able to utilise them. “Why are they protected for the benefit of legacy carriers,” he told Reuters today. “This is a way of distorting the market further by allowing access to certain airlines at the detriment to [...]
Wizz Air issues new €500m bond at minimal premium to repay Bank of England financing WIZZ AIR Wizz Air Holdings (Wizz Air) has issued a €500m bond at minimal premium to pay off Bank of England financing.
Investors call Wizz Air out over staff rights while shares go down Wizz's labour trouble Wizz Air was called out by a group of 14 investors over concerns that the low cost carrier does not allow its staff to unionise. The company’s shares went down 2.45 per cent to 4,054p, closing at 3,966p. The group – which includes British fund Ardevora Asset Management – said that while the right to [...]
Wizz Air passenger traffic rockets amid Omicron concerns December 2, 2021 Passenger traffic on low-cost carrier Wizz Air has continued to grow in November, amid concerns for the new Covid variant, Omicron. The airline announced this morning that last month it carried more than 2 million passengers, a 375.7 per cent increase compared with the same time last year. The company’s load factor also increased by [...]
Wizz Air to buy up to 196 Airbus A321 November 14, 2021 Wizz Air has announced the purchase of 102 Airbus A321 aircraft – divided between 75 Airbus A321neo and 27 Airbus A321XLR – that will be delivered between 2025 and 2027. It follows Airbus’s forecast that up to 39,000 new aircraft will be built by 2040, as a result of increasing passenger numbers as well as [...]
Use it or Lose it: UK airport coalition calls on government to restore slots November 9, 2021 A coalition of Gatwick, Belfast and Edinburgh airports has urged transport secretary Grant Shapps to restore the ‘Use it or Lose it’ airport rule. Backed by low-cost carrier Wizz Air, the coalition has called on the government to revert to the slot rule – which imposes on airlines to fly, trade or hand back airport [...]
Wizz Air on track to pre-pandemic levels as passenger numbers grow November 4, 2021 Low-cost carrier Wizz Air is on track to get back to pre-pandemic levels, as passenger numbers continue to grow after the easing of air travel restrictions. In the second quarter of FY22, the Budapest-based company registered a 92.7 per cent increase in passenger numbers, which resulted in revenue going up from €471.2m to €880.4m this [...]
Wizz Air top executive ousted for secret share trading October 29, 2021 Wizz Air’s chief supply chain officer has been fired after an investigation by regulators found that he had been secretly trading shares in the FTSE 250-listed airline for more than a year. Andras Sebok bought and sold shares in 114 different transactions between early April 2019 and the beginning of November last year, without notifying [...]
Wizz Air chief executive calls carbon offsetting “a bit of a joke” October 12, 2021 Wizz Air’s chief executive Jozsef Varadi has branded carbon offsetting as “a bit of a joke”, despite offering the scheme as part of the airline’s sustainability programme. As reported by Euronews, while speaking in Milan at industry conference World Routes, Varadi called carbon offsetting “greenwashing”. When pressed by Euronews Green on why the company was offering [...]
Ryanair and Wizz Air passenger numbers highlight aviation’s journey back to normality October 4, 2021 After a turbulent 2020, Ryanair and Wizz Air appear set for smoother skies with passenger numbers on the up. Both firms reported increase in passenger traffic in September 2021 compared to last year. According to passenger traffic data published on the London Stock Exchange, Ryanair’s passenger numbers increased to 10.6m compared to 5.2m recorded in [...]