Wizz Air boss pledges to grow ‘even faster’ despite Brexit
Wizz Air boss Jozsef Varadi pledged to grow “even faster” Wednesday as he pointed to opportunities for expansion in eastern Europe and the Middle East. The CE was also optimistic about the UK despite Brexit-related uncertainties as the carrier swung from net losses to profit. The net profit of E21.4m in Q3 2019 was a contrast to a loss of E21m in the same period in 2018 when Varadi blamed Brexit for hitting demand. The carrier also raised its full-year profit guidance, promising to deliver growth of 24% in the 3 months to the end of March, its Q4. “We are seeing quite a sparkling market from a growth perspective,” Varadi said. “ Wizz Air’s growth announcement follows setbacks for its competitors, as the fallout from Brexit and the grounding of Boeing aircraft disrupt airlines’ plans. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2020-01-30/unaligned/wizz-air-boss-pledges-to-grow-2018even-faster2019-despite-brexit
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Wizz Air boss pledges to grow ‘even faster’ despite Brexit
Wizz Air boss Jozsef Varadi pledged to grow “even faster” Wednesday as he pointed to opportunities for expansion in eastern Europe and the Middle East. The CE was also optimistic about the UK despite Brexit-related uncertainties as the carrier swung from net losses to profit. The net profit of E21.4m in Q3 2019 was a contrast to a loss of E21m in the same period in 2018 when Varadi blamed Brexit for hitting demand. The carrier also raised its full-year profit guidance, promising to deliver growth of 24% in the 3 months to the end of March, its Q4. “We are seeing quite a sparkling market from a growth perspective,” Varadi said. “ Wizz Air’s growth announcement follows setbacks for its competitors, as the fallout from Brexit and the grounding of Boeing aircraft disrupt airlines’ plans. <br/>
