Wizz warns full grounding a ‘distinct possibility’ as low-cost carriers pare back

Wizz Air has warned the grounding of its full fleet remains “a distinct possibility” as it has now reduced its operations to around 15% of its planned capacity. EasyJet and Ryanair have already said they are grounding the bulk of their capacity as European countries tighten their border controls in response to the coronavirus pandemic, while Eurowings now expects to operate around 10% of its capacity. ”On average, Wizz Air’s capacity is reduced by 30% year-on-year for the month of March,” the carrier says in an operational update Monday. “As of this week, Wizz Air has grounded around 85% of its fleet." The company adds it is confident in its ability to survive ”even a potential prolonged grounding substantially beyond the current estimates for the impact of Covid-19 in Europe”. <br/>