Wizz Air has stated it expects to have misplaced round €570-590 million over the past yr within the wake of the Covid-19 pandemic.
Nevertheless, the low-cost provider stated it nonetheless had round €1,615 million available on the finish of March, and was effectively positioned to profit from any restoration within the journey sector.
József Váradi, Wizz Air chief government, commented: “Regardless of the continued affect of the pandemic, we’re well-prepared with one of many strongest steadiness sheets within the airline trade, flying one of many youngest and most effective fleets and having a well-defined, confirmed enterprise mannequin.
“Our agility and relentless concentrate on prices and money are important aggressive benefits.
“Our community growth and the investments now we have made in our fleet over the previous 12 months ensures we’re effectively positioned for a return to regular operations, and we’re satisfied we are actually even higher positioned to be a structural winner within the European aviation sector.”
Wizz stated it anticipated a “gradual” restoration into the summer time.
Within the brief time period, the airline stated it continues to actively regulate capability to journey circumstances with a concentrate on money contribution optimistic flying, and in consequence continues to overview plane allocation on a market-by-market foundation as alternatives come up.
Wizz Air stated it will launch the complete outcomes on June 2nd and was not ready to supply steering on 2021/22 because of the continued uncertainty across the Covid-19 pandemic.
