Wizz Air pandemic turnaround well underway as passenger numbers fly airlines Wizz Air’s pandemic turnaround is well underway, with passenger numbers increasing soaring in the past year. The European carrier carried 3.6 million passengers in November, representing a 70 per cent increase compared to November 2021. In the past 12-months, Wizz Air has carried 44.1 million travellers – a rise of more than 120 per cent. [...]
Wizz Air’s boss: Airline not good candidate for M&A M&A Wizz Air is not a good candidate for M&A but it will focus instead on organic growth, boss Jozsef Varadi commented. The chief executive’s remarks came in response to a question on whether Wizz would ever consider acquiring rival Easyjet. Easyjet on the other hand recently said it would not rule out any potential takeovers [...]
Wizz Air’s losses widen as soaring fuel prices hit low-cost carrier’s profitability Wizz Air Hungarian airline Wizz Air today said soaring fuel prices had caused its losses to more than triple over the previous year. The budget airline said surging commodity prices and an unfavourable exchange rate had seen the price it pays for jet fuel double, as it posed losses of €384.4m (£330.6m) for the second quarter of [...]
Low-cost airlines report strong September as people continue to travel October 4, 2022 Low-cost carriers, such as Ryanair and Wizz Air, have reported a strong September, as people across Europe continue to travel against the backdrop of a volatile economic climate. Ryanair reported that 15.9 million passengers flew aboard its planes last month – making September the second-busiest month ever after August’s record 16.9 million travellers. The carrier’s [...]
Wizz Air carries 4.9 million people as it pursues post-pandemic turnaround September 1, 2022 Wizz Air’s passenger levels continue to increase as the low-cost carrier pursues a post-pandemic turnaround. The airlines carried 4.9 million travellers in August, up from July’s 4.7 million and June’s 4.3 million. Load factor – the measure of how well an airline fills its seats – grew by 0.8 per cent on last month’s levels [...]
Wizz Air crowned worst airline for flight delays August 29, 2022 Wizz Air was crowned the UK’s worst airline for flight delays in 2021, according to data from the Civil Aviation Authority analysed by the PA news agency. Figures showed that Wizz Air – which operates from 10 British airports, including Luton and Gatwick – ran on average 14 minutes behind schedule. Wizz Air was followed [...]
Wizz Air: Winds of change as non-executive director made deputy chair August 25, 2022 Winds of change are blowing in Wizz Air’s boardroom as the low-cost company appointed non-executive director Stephen Johnson to the role of deputy chair. The airliner also announced the creation of a safety, security and operational compliance committee to oversee policies and practices as the carrier plots its expansion. Johnson, who took on the role [...]
Changes sweep the boardrooms and C-suites of biggest businesses in the UK August 24, 2022 The boardrooms and C-suites of some of largest companies in the UK have undergone sweeping overhauls this week alone. The winds of change have blown as the country heads into autumn and buckles down for a worsening economic crisis, some two years on from the start of the pandemic. While Covid-19 measures in the country [...]
Wizz Air CFO steps down as airliner pursues post-lockdown expansion August 22, 2022 Wizz Air’s chief financial officer has stepped down, as the European airline pursues a pandemic turnaround following a recent loss of €285m. Jourik Hooghe has decided to exit the role to seek “opportunities outside of the company” according to a statement today. However, he will be available during until the end of December during the [...]
Wizz Air carries 4.7m passengers amid turbulent period August 2, 2022 Wizz Air’s passenger levels have increased despite the last few months of travel disruption. The low-cost carrier carried 4.7 million travellers in July, up from the 4.3 million reported a month earlier. Load factor – the measure of how well an airline fills its seats – grew by 3.6 per cent on June’s levels to [...]