All Wizz Air articles – Page 2
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NewsWizz Air estimates 10% capacity impact during Pratt & Whitney engine repairs
Central European budget carrier Wizz Air is expecting a technical issue affecting Pratt & Whitney PW1100G engines will limit its capacity over the second half of the 2023-24 fiscal year. Wizz Air operates a fleet of Airbus single-aisle jets, with a substantial proportion consisting of A320neo-family aircraft fitted with the ...
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Airline BusinessAirline Business performance tracker: Europe Q2 2023
Key data from the most-recent European earnings period – the April-June 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsWizz Air swings to quarterly profit as ticket revenue soars
Central European budget carrier Wizz Air swung to operating and net profits during the April-June period, on record passenger numbers and high yields.
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NewsWizz Air backs chief executive as shareholders object to remuneration policy
Central European budget carrier Wizz Air’s board has underlined its belief that chief executive Jozsef Varadi is vital to the airline’s strategic development, after a substantial shareholder contingent opposed management remuneration proposals. Over 25% of votes cast during a 2 August shareholders’ meeting opposed Wizz Air’s directors’ remuneration policy and ...
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NewsWizz seals order for 75 A321neos after shareholder approval
Wizz Air shareholders have approved the firming of 75 Airbus A321neo purchase rights, a plan originally disclosed by the carrier nearly 11 months ago. Approval for the purchase was secured at an extraordinary general meeting on 2 August. Wizz Air’s board says the proposal received “strong shareholder support”, and it ...
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NewsWizz Air hit with UK enforcement action over disruption payments
Budget carrier Wizz Air has overhauled its commitments and processes for paying passengers when flights are cancelled and delayed after the UK aviation regulator took enforcement action over a high volume of passenger complaints of money still owed.
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NewsWizz Air becomes first European recipient of Chinese-built A321neo
Central European budget carrier Wizz Air has taken delivery of an Airbus A321neo manufactured at the airframer’s Chinese assembly line. Wizz is claiming to be the first European carrier to take an A321neo from the plant at Tianjin. The aircraft – powered by Pratt & Whitney PW1100G engines – will ...
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Airline BusinessAirline Business performance tracker: Europe Q1 2023
Key data from the most-recent European earnings period – the January-March 2023 quarter – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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NewsWizz reinforces Albanian routes as Ryanair prepares to open Tirana network
Ryanair is to open its first flights from Albania, presenting a competitive challenge to budget rival Wizz Air which is set to expand its own route network from the capital Tirana. The Irish carrier has unveiled 17 routes on which it will commence operations in the upcoming winter season. All ...
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NewsWizz taking fleet past 200 aircraft as it forecasts return to full-year profit
Central European budget carrier Wizz Air is expecting to take its fleet to more than 200 aircraft over the next year, and insists its delivery schedule for the next 12 months “remains intact”. Wizz had a fleet of 179 jets – all single-aisle Airbus models – at the end of ...
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NewsWizz and Frontier backer Indigo invests in US sustainable-fuel start-up
US private equity firm Indigo Partners is among the participants in a consortium investing $50 million in a start-up company concentrating on sustainable aviation fuel production. The company, CleanJoule, is based in Salt Lake City and says it is working to develop a “breakthrough technology” to offer “superior and cost-effective” ...
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NewsLow-cost operators Norwegian and Wizz each invest in sustainable fuel firms
Budget carriers Norwegian and Wizz Air are each undertaking investments in sustainable fuel, through individual projects. Norwegian is embarking on a partnership with Norsk e-Fuel to build a full-scale sustainable fuel plant in Mosjoen. Under the agreement, which has yet to be finalised, the carrier aims for long-term offtake of ...
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NewsWizz Air’s Varadi looks to London-Gulf flights with A321XLRs
Wizz Air chief executive Jozsef Varadi says the low-cost airline may use incoming Airbus A321XLRs for direct flights from London to the Gulf, where it already has a joint venture operation in Abu Dhabi. Source: Vytautas Kielaitis Shutterstock Varadi sees opportunities for Wizz Air in the Middle East ...
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Airline BusinessAirline Business performance tracker: Europe Q4 2022
Key data from the most-recent European earnings period – the fourth quarter of 2022 – and the equivalent periods stretching back to the last pre-Covid year, powered by Airline Business Insight
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PodcastAirline Business Podcast: Do airline failures belie brighter outlook?
Graham and Lewis discuss the recent collapses of European carriers Flybe and Flyr, asking whether those developments belie a much brighter outlook for the industry in 2023.
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NewsVaradi hopeful on improved Wizz operational resilience
Wizz Air chief executive Jozsef Varadi believes air traffic control delays are likely to provide the biggest challenge this summer as the carrier bids to avoid a repeat of the operational disruption it suffered last year.
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NewsWizz Air summer expansion based on ‘safe’ network growth: Varadi
While Wizz Air plans to increase its capacity 30% this summer, the airline’s chief executive Jozsef Varadi believe this represents a safe way of growing, given expansion is weighted on adding frequencies and has a focus on maturing markets.
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NewsWizz sees strong summer ahead as currency gains boost third quarter
European budget carrier Wizz Air is confident of returning to profit and pre-Covid utilisation in the next financial year after more than doubling its revenues in its latest financial quarter.
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NewsWizz Air UK to axe operations at Cardiff base
Budget carrier Wizz Air UK is to withdraw from its base at the UK’s Cardiff airport before the end of January, closing the only remaining routes to Milan and Bucharest. The airline had already reduced its schedule from the Welsh capital and says its operations will “cease permanently” from 25 ...
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Airline BusinessAirline share prices weaker at end-2022 versus end-2021 despite demand recovery
Airline share prices ended 2022 down on the same point 12 months earlier, following a challenging year for wider economies around the world