Wizz profit jumps on firmer margins
Wizz Air has posted sharply higher first-half profits as it continues to cut unit cost and increase passenger numbers. Across the first 6 months of 2019, the airline carried 22m people – 18% more than in the same period last year – helped by aggressive expansion in its core market. This pushed profits for the period up to E372m, an 85% increase on the first half of 2018. Operating expenses increased roughly in line with the growth in passenger numbers. Although the airline's fuel bill rose by 5.2% year on year, cost per available seat-kilometre continued to tick lower. Safety issues that have grounded the Boeing 737 Max aircraft type have led to capacity problems at airlines across Europe, but as Wizz operates an Airbus-only fleet it has been able to maintain rapid expansion. It launched 76 new routes in the first half. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-11-14/unaligned/wizz-profit-jumps-on-firmer-margins
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Wizz profit jumps on firmer margins
Wizz Air has posted sharply higher first-half profits as it continues to cut unit cost and increase passenger numbers. Across the first 6 months of 2019, the airline carried 22m people – 18% more than in the same period last year – helped by aggressive expansion in its core market. This pushed profits for the period up to E372m, an 85% increase on the first half of 2018. Operating expenses increased roughly in line with the growth in passenger numbers. Although the airline's fuel bill rose by 5.2% year on year, cost per available seat-kilometre continued to tick lower. Safety issues that have grounded the Boeing 737 Max aircraft type have led to capacity problems at airlines across Europe, but as Wizz operates an Airbus-only fleet it has been able to maintain rapid expansion. It launched 76 new routes in the first half. <br/>
