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Wizz Air’s profits up as passenger traffic soars

Wizz Air

Wizz Air has profited from its continued expansion with its first quarter pre-tax earnings rising by 15.6 per cent to €60.5 million.

The Budapest-based low-cost carrier increased total revenue by 28.6 per cent to €469.3 million for the three months to June 30, as passenger numbers rose by 25.2 per cent to 7.2 million.

Wizz has just opened its 28th airport base at Luton and has announced 10 new routes including new airports in Russia, Kazakhstan and Morocco.

Jozsef Varadi, Wizz Air’s CEO, said: “The company experienced a particularly strong performance from Easter traffic in the first quarter.

“This first quarter performance together with encouraging summer bookings and the favourable fuel price environment are setting the company up for a strong year.”

Wizz Air has also announced a new cabin luggage policy, which will see the end of fees on hand luggage on all flights from October 29.

“Our new cabin luggage policy announced today underlines our commitment to continuously provide excellent consumer experience every step of the customer journey,” added Varadi.

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