Wizz Air results show revenue up 21 per cent
WIZZ Air yesterday announced a 21 per cent rise in revenue for the year ending 31 March.
The low cost airline brought in €1.27bn (£900m) in revenue in the year. Ticket revenue increased by 20 per cent to €794m.
Wizz Air delivered a profit for the year of €183.2m, an 109 per cent rise. After adjusting for the effects of one-off items, this performance translates into a record underlying profit after tax of €146.2m, a 67 per cent increase.
In the fourth quarter, it increased its load factor, which is the amount of airplane seats actually filled and critical to budget airlines, by 2.2 per cent to 83.6 per cent.
Josef Varadi, chief executive of Wizz Air commented: “Having successfully listed on the London Stock Exchange, we have continued to grow our network and increase our passenger numbers throughout the period.”