Ryanair flies just 500,000 people in February as travel restrictions continue March 2, 2021 Irish carrier Ryanair flew just 500,000 people in February as widespread coronavirus restrictions all but ended air travel. In the same month last year the airline carried 10.5m passengers, but over the last 12 months the pandemic has totally reshaped the aviation industry. Since last March, when the pandemic hit Europe, the airline has flown [...]
Wizz Air dives to €116m loss as lockdown restrictions continue to bite January 28, 2021 Budget carrier Wizz Air dived to a statutory loss of $116m (£102m) for the third quarter as further restrictions poured yet more pain on the aviation industry. The Hungarian flier said that revenue plunged 76 per cent in the quarter, falling back to €149.9m. It carried just 2.3m passengers across the three-month period, almost 80 [...]
Wizz Air launches €500m debut bond January 14, 2021 Wizz Air today said that it had sold €500m in three-year bonds at an interest rate of 1.35 per cent. The budget carrier said that the bonds, which are due in 2024, are part of plans to raise €3bn from its euro medium-term note programme. The Hungarian flier said that proceeds from the sale would [...]
Ryanair and Wizz Air passenger numbers plunge 80 per cent amid lockdown December 2, 2020 Ryanair and Wizz Air both said that passenger numbers had dropped over 80 per cent in November, with international leisure travel banned under the UK’s second national lockdown. The Irish carrier said that it flew just 2m passengers last month, down from nearly 11m for the same month in 2019. For the year to date, [...]
Wizz Air boss predicts carrier will make full recovery within a year November 5, 2020 Wizz Air’s chief executive has said that the airline will return to pre-pandemic service levels within a year. Speaking to City A.M., Jozsef Varadi that although it would likely take the aviation sector as a whole much longer to recover, he was incredibly upbeat about the Hungarian airline’s prospects. “It’s going to take five years for [...]
Wizz Air passenger numbers shrink two-thirds in October November 3, 2020 Wizz Air said that passenger numbers dropped 69 per cent in October as further coronavirus restrictions came into effect around the world. The low-budget carrier flew 1.15m passengers last month, down from 3.7m in the same period last year. And the decline could yet grow further in November, with international travel from England due to [...]
What’s in store for the airline industry this winter? October 30, 2020 Although every industry has suffered due to the coronavirus pandemic, few have been as hard hit as the world’s airlines. At the beginning of the year, the idea of a world without global air travel was for most people a relic of a long-forgotten past, but seven months of extreme turbulence have flipped that notion [...]
Wizz Air sees capacity drop in September as quarantine bites October 5, 2020 Budget carrier Wizz Air saw capacity drop 20 per cent in September as the imposition of quarantine restrictions hampered the airline industry’s nascent recovery. The Hungarian airline flew 1.56m passengers last month at a capacity of 60 per cent, down from 2.4m passengers at 80 per cent in August. Year-on-year, over 60 per cent fewer [...]
Wizz Air cuts capacity to 50 per cent as quarantine hits demand September 25, 2020 Wizz Air today said it will operate at 50 per cent capacity in October after suffering a slump in demand due to coronavirus quarantine rules. The budget airline said its services will be running at half the normal level next month and would likely remain at the same level throughout the winter if restrictions remained [...]
Wizz Air plots Gatwick growth despite Covid-19 quarantine rollercoaster August 25, 2020 The boss of Wizz Air remains committed to more flights from London's Gatwick airport