Not so easy yet: Budget airlines far from recovered as number of passengers keeps on dropping February 2, 2022 Two of London’s main budget airlines showed that they have far from recovered from the Covid-19 pandemic, as the number of passengers they carried dropped in January. Even when compared to Omicron-hit December, the airlines said that they had lost 2.7m passengers between them. Ryanair was the worst hit in January when compared to the [...]
Wizz Air’s passenger demand soar following restrictions easing February 2, 2022 Passenger demand of low-cost airline Wizz Air has soared following the easing of travel restrictions. In January, the Budapest-based airline carried 2.3 million passengers, a 220 per cent jump on January 2021 levels. Its load factor – which measures the percentage available seating capacity filled with passengers – has also gone up 18.6 per cent, [...]
What are ghost flights and what is the debacle around them? January 27, 2022 EasyJet’s chief executive Johan Lundgren this morning told investors the airline was in favour of airport slot rules going back to “a normalised delineation,” saying the carrier will not be forced to operate ghost flights to retain its slots. “We should remember that the reason why [governments] made these exceptions was because restrictions were in [...]
UK passenger demand surges following restrictions easing, Wizz Air boss says January 26, 2022 Passenger demand in the UK has surged following the recent easing of travel restrictions, Wizz Air’s chief executive Jozsef Varadi has said. “We are seeing a very strong reaction on the demand side due to the UK Government’s decision to ease restrictions,” Varadi told investors this morning following the release of the airline’s third quarter [...]
Airport slots should be given to those who can use it, Wizz Air boss says January 13, 2022 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 January 13, 2022 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 December 15, 2021 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 [...]