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 [...]
Summer holidays: Wizz Air passenger numbers jump more than 50 per cent September 2, 2021 Wizz Air’s passenger numbers surged more than 50 per cent in August to around 3.5m, as travellers flocked to the budget airline for their summer holiday. In the year to August, however, passenger numbers were down 44.6 per cent to some 14.7m, as restrictions across Europe in the 12 months prior severely curbed travel. Shares [...]
Wizz Air bullish on summer recovery despite €114m loss July 28, 2021 Low-cost carrier Wizz Air reiterated that it would return to pre-pandemic levels of flying over the summer months after falling to a €114m loss in the first quarter. The Hungarian airline, which flew at just 33 per cent capacity in the first period due to continued travel restrictions across Europe, said it expected to hit [...]
Wizz Air’s controversial £100m bonus plan for CEO voted through by shareholders July 27, 2021 A £100m bonus is one step closer for Wizz Air boss Jozsef Varadi, after more than 60 per cent of shareholders gave the airline’s remuneration strategy the green light at its AGM today. Investors in the budget airline voted 68 per cent to 32 per cent in favour of its “Value Creation Plan”, a strategy [...]
Wizz Air passenger numbers triple in a year as the industry eyes recovery July 2, 2021 Wizz Air carried around 1.5m passengers this month, a welcomed change from the some 500,000 it ferried in June last year. The Hungarian airline is set to open a sixth Italian base in Naples, which offers passengers 18 new international and domestic routes, as the industry eyes recovery. Wizz Air has also confirmed two new [...]
Wizz Air ‘offers chief exec £100m bonus’ amid rapid expansion push July 2, 2021 Wizz Air has reportedly offered its boss Jozsef Varadi an £100m one-off bonus if he can more than double the Hungarian carrier’s share price over the next five years. The FT said that the low-cost airline had set up the bonus scheme in a bid to keep its chief executive in place amid a flurry [...]
IAG and Easyjet lead fall in travel shares as Spain and Portugal introduce quarantine for unvaccinated Brits June 28, 2021 Airline stocks including BA owner IAG, Easyjet, and Ryanair all tumbled today as more European countries imposed travel restrictions on UK holidaymakers. FTSE 100 IAG was down 5.8 per cent by the mid afternoon, while budget carrier Easyjet also dropped 5.0 per cent. Fellow blue-chip Rolls-Royce, which makes the engines used by most commercial jets, [...]