Three things we learnt from Easyjet and Wizz Air’s results January 29, 2023 The European aviation industry took centre stage last week, with low-cost carriers Easyjet and Wizz Air posting their financial results for the final three months of last year. Both were encouraging, with each firm reporting revenue rises driven by Brits returning to the skies after pandemic travel restrictions. Easyjet’s income jumped to £1.5bn after traveller [...]
FTSE 100 close: Wizz Air nosedives while JD Sports and 3i shine in London January 26, 2023 London’s FTSE 100 jumped today, led higher by private equity firm 3i soaring after it dropped a strong crop of results, prompting traders to pile into its shares. The capital’s premier index climbed 0.22 per cent to 7,761.55 points, while the domestically-focused FTSE 250 index, which better reflects the health of the UK economy, leapt [...]
Strong euro helps Wizz Air clock up £31m profit as passenger levels soar to 12.4 million January 26, 2023 Wizz Air posted a positive net profit for the second consecutive month as passenger levels continued to rise. The London-listed airline reported today a €33.5m (£31.1m) net profit for the three months ended 31 December, up from last year’s loss of €267.5m. This was due to passenger levels soaring 59.1 per cent to 12.4 million [...]
Sky high? Wizz Air enjoys Christmas bump as passenger levels increase January 3, 2023 London-listed budget airline Wizz Air will be avoiding the January blues this year after a pre-Christmas traveller bump boosted 2022’s passenger numbers. The airline flew 4.18m passengers in December, up more than 50 per cent on this time last year when some parts of its European network were affected by Omicron travel destinations. The December [...]
Unacceptable: Aviation regulator slams Wizz Air over complaints and refunds December 16, 2022 The UK aviation regulator has slammed Wizz Air for its “unacceptable” behaviour when it comes to passengers’ complaints and refunds. The Civil Aviation Authority (CAA) reported that the low-cost carrier ranked as the worst airline for escalated complaints, with 811 grievances per million UK passengers. Escalated complaints are complaints taken to alternative dispute resolution schemes [...]
Wizz Air pandemic turnaround well underway as passenger numbers fly December 2, 2022 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 December 1, 2022 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 November 2, 2022 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 [...]