Wizz Air considers UK AOC
Wizz Air is considering whether it should set up a UK AOC in the wake of the UK’s decision to leave the EU. “We are looking at a number of scenarios internally, including setting up a UK AOC if we have to,” Wizz Air CE Jozsef Varadi said. No decision has been made and the move will depend on the outcome of the UK’s EU exit negotiations. He said Wizz is “very bullish” about the prospects for the UK market and will still press ahead with 16% capacity growth. However, Wizz has been negatively affected as a result of exchange rate fluctuations between the pound and the euro following the Brexit vote. Varadi has downgraded Wizz’s earnings outlook, but said the airline’s low-cost base “remains robust,” putting it in a strong place as competition intensifies going into winter 2018-19. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-02-03/unaligned/wizz-air-considers-uk-aoc
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Wizz Air considers UK AOC
Wizz Air is considering whether it should set up a UK AOC in the wake of the UK’s decision to leave the EU. “We are looking at a number of scenarios internally, including setting up a UK AOC if we have to,” Wizz Air CE Jozsef Varadi said. No decision has been made and the move will depend on the outcome of the UK’s EU exit negotiations. He said Wizz is “very bullish” about the prospects for the UK market and will still press ahead with 16% capacity growth. However, Wizz has been negatively affected as a result of exchange rate fluctuations between the pound and the euro following the Brexit vote. Varadi has downgraded Wizz’s earnings outlook, but said the airline’s low-cost base “remains robust,” putting it in a strong place as competition intensifies going into winter 2018-19. <br/>
