5 OCTOBER 2015


Readers are invited to add their comments to any story. Click on the article to see and add.


BTN also goes out by email every Sunday night at midnight (UK time). To view this edition click here.


Email this Page

The Business Travel News
PO Box 758
Edgware HA8 4QF
United Kingdom
+44 (0)20 8952 8383
© 2020 Business Travel News Ltd.

Article from BTNews 5 OCTOBER 2015

Wizz Air forecasts growth

Lower fuel prices have led Wizz Air to raise its forecast for capacity growth for 2016 from 17% to 18% and predict a €190m-plus profit for this year.

The airline said the decrease in fuel costs was "feeding through to lower air fares" and it anticipated the downward trend in unit revenues would continue in the second half of the financial year.

It reiterated it had "very limited visibility of demand"in the final quarter of the year, but added, "Nonetheless, the strong first-half financial performance, combined with robust bookings for the third quarter, are encouraging."

Wizz Air is now expected to report a net profit for the full year excluding unusual and exceptional items of €190m – €200m, a statement added.

Jozsef Varadi, Chief Executive, said: "We are pleased with summer trading and anticipate this will translate into another record quarter for Wizz Air. We have continued to grow our network and increase passenger numbers throughout the period while maintaining an ultra-low cost base."

Varadi said Wizz Air was also "very excited" about the arrival of its A321 aircraft from next month, which would underpin the airline’s growth plans for the next decade and improve further its cost competitiveness.  https://wizzair.com

Index/Home page

OUR READERS' FINEST WORDS (All times and dates are GMT)

All comments are filtered to exclude any excesses but the Editor does not have to agree with what is being said. 100 words maximum

No one has commented yet, why don't you start the ball rolling?

Add your comment

First Name
Email Address
Company (Not obligatory)
- You must be a registered subscriber using the email address entered to submit a comment, or you will be sent a confirmation email before your comment will appear.
- Your comment will be checked before appearing, which may take several working hours.