All Wizz Air articles – Page 5
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NewsWizz Air maintains pace of fleet-expansion programme
Budget carrier Wizz Air is maintaining its fleet-expansion programme, although it is prepared for potential disruption from supply-chain issues. It added eight new Airbus A321neos during the quarter while returning four A320s at the end of their leases. The changes take Wizz’s fleet to 157 aircraft. “Our fleet programme remains ...
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NewsWeaker currency forces Wizz to absorb €140m foreign-exchange loss
Weakening of the euro against the US dollar generated a foreign-exchange impact of €140 million which exacerbated budget carrier Wizz Air’s losses over the first quarter. Wizz Air turned in an operating loss of €284 million ($289 million) for the three months to 30 June. But a revaluation of US ...
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Airline BusinessAirlines turn to baggage-only flights and onboard ground-handlers
As the second-quarter financial results season kicked off this week, there was a striking comment from Delta Air Lines about the measures it is taking to combat operational challenges.
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NewsBleak prognosis for UK’s Doncaster Sheffield airport after Wizz axes base
Operators of the UK’s regional Doncaster Sheffield airport have embarked on a strategic review to consider its future after admitting that the facility will struggle to achieve profitability. The airport made a full-year operating loss of £16.2 million ($19.2 million) loss in 2018-19, and a loss of £6.8 million in ...
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NewsWizz Air cuts back summer capacity to contain operational disruption
Budget carrier Wizz Air is limiting summer capacity growth to around 35% compared with the pre-crisis level, in order to reduce risks of operational disruption over the peak period. The airline says it has “further improved the agility and resilience of our network”, measures which include adjusting schedules where a ...
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NewsRyanair and Wizz record highest traffic months in June
Expanding European low-cost carriers Ryanair and Wizz Air both saw traffic levels soar in June, underlining their return to growth since the pandemic.
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NewsWizz Air revisits fuel-hedging policy dropped during pandemic
Budget carrier Wizz Air is embarking on a return to fuel hedging having abandoned the policy during the pandemic in order to avoid future losses. Coverage levels are likely to range from 65% in the first quarter of the hedging horizon to 15% in the last. The airline says it ...
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NewsGatwick airport caps summer flights amid operational woes
Gatwick airport will cap the number of flights operated from the facility in July and August, as it attempts to overcome the operational challenges that have dogged the air travel recovery in markets including the UK’s.
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NewsWizz Air safety row with unions re-ignites after Varadi ‘fatigue’ remarks
Budget carrier Wizz Air is insisting that is not jeopardising safety, in response to a video recording of chief executive Jozsef Varadi apparently urging personnel to reduce disruption arising from calling in fatigued. While the European Cockpit Association, which has obtained the video recording, is claiming that Varadi was effectively ...
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Airline BusinessCan airline travel disruption be resolved this summer?
The operational issues being seen in several markets are threatening to define the sector’s emergence from Covid-19 in some regions – potentially beyond the short term.
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NewsWizz continues to switch Airbus commitments to A321neo
Wizz Air has converted 21 Airbus A320neo commitments to the A321neo, a further shift of its single-aisle backlog towards the higher-capacity variant. The airline disclosed, as it released full-year final results, that it formalised the conversion in May. Deliveries of these aircraft will be carried out over the course of ...
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NewsWizz optimistic on restoring low cost levels as inflation adds to airline misery
Central European budget carrier Wizz Air is expecting the current fiscal year to be one “marked by high inflation”, as it looks to return to pre-crisis cost levels and improve its competitiveness. Wizz Air turned in a full-year net loss of €642 million ($686 million) – higher than the previous ...
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NewsWizz Air to explore hydrogen fleet operations through Airbus collaboration
Central European budget carrier Wizz Air is to explore the potential for hydrogen-powered aircraft operations under an agreement with Airbus. The two sides have signed a memorandum covering analysis of hydrogen operations, intended to provide the carrier with a “deeper understanding” of how such aircraft could change its business model, ...
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NewsWizz Air to establish Maltese unit
Central European budget carrier Wizz AIr plans to establish a Maltese airline unit later this year.
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NewsWizz Air aims to explore Saudi Arabian air transport potential
Central European budget carrier Wizz Air has signed a preliminary agreement with Saudi Arabian authorities aimed at looking into potential for airline expansion in the Middle Eastern state. The memorandum of understanding, it says, reflects a “shared vision” between the two sides on the potential for Wizz to “stimulate new ...
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Airline BusinessAirlines warming to summer demand trend amid cloudy fundamentals
The past week has seen a growing list of airlines offer optimistic outlooks for the coming summer season, despite a lengthy list of challenges faced by the industry – although one chief executive bucked the trend, calling on airlines to “get real” as he outlined a less-than-rosy take on future demand fundamentals.
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NewsWizz Air sees recovery ‘taking shape’ despite continued losses
Central European budget carrier Wizz Air is expecting a full-year net loss of €632-652 million ($690-711 million), but with a fourth-quarter operating loss ahead of previous guidance. The airline, whose financial year closed on 31 March, predicts an operating loss for the last quarter of €190-210 million – citing a ...
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NewsEuropean low-cost carriers cement loads recovery in March
European low-cost carrier Norwegian carried 940,000 passengers at a load factor of 80.3% in March, the latest budget operator in the region to disclose loads stabilising at higher levels following the Omicron-fuelled dip at the turn of the year.
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Airline BusinessMore airlines able to look forward with confidence about recovery
A notable theme over the past week has been the shift in global airline narrative towards renewal, as more markets emerge from the worst of the Covid-19 crisis.
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NewsWizz confident on strong summer loads from ramped-up Gatwick
Wizz Air UK managing director Marion Geoffroy is confident of strong load factors this summer, flagging full flights on the first day of the summer season from its expanded London Gatwick operation. The budget carrier opened a base at the south London airport in the autumn of 2020, initially with ...