Wizz Air grows passenger numbers amid route expansion
Wizz Air has posted a 19% increase in passenger numbers for June as a string of new routes continues to drive growth. The company also increased its average capacity by 1.7 percentage points on the previous year to 95%. The figures build on a recent period of growth for the airline, which has opened dozens of new routes to Poland, Austria and Georgia. Wizz Air said it has also signed a memorandum of understanding with Airbus to buy 20 new aircraft, which will be delivered from 2023 onwards. The airline hit the higher end of its profit forecasts last year, despite a sharp drop in earnings over the winter. However, its profit margin dropped by 1.4 percentage points as increased fuel prices hurt its cost per seat per kilometre. The airline said it expects robust demand over the summer. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-07-03/unaligned/wizz-air-grows-passenger-numbers-amid-route-expansion
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Wizz Air grows passenger numbers amid route expansion
Wizz Air has posted a 19% increase in passenger numbers for June as a string of new routes continues to drive growth. The company also increased its average capacity by 1.7 percentage points on the previous year to 95%. The figures build on a recent period of growth for the airline, which has opened dozens of new routes to Poland, Austria and Georgia. Wizz Air said it has also signed a memorandum of understanding with Airbus to buy 20 new aircraft, which will be delivered from 2023 onwards. The airline hit the higher end of its profit forecasts last year, despite a sharp drop in earnings over the winter. However, its profit margin dropped by 1.4 percentage points as increased fuel prices hurt its cost per seat per kilometre. The airline said it expects robust demand over the summer. <br/>
