Wizz Air UK experiencing few effects from UK’s EU withdrawal

Withdrawal of the UK from the European Union has not substantially affected Wizz Air UK’s operations, the airline has disclosed in its latest full-year financial statement. Wizz Air UK was set up in 2017 following the UK ‘Brexit’ referendum on leaving EU membership, and the withdrawal was completed at the end of December 2020. “Business is not expected to be restricted in any material way behind Brexit either from a commercial or operational point of view, which is consistent with the operating environment experienced in the first month post-Brexit,” the carrier says. Wizz Air UK’s revenues for the year to 31 March 2020, the point at which the pandemic crisis began to set in, reached just under GBP250m. The airline generated a pre-tax profit of GBP2.2m. At the end of March 2020 the carrier had built up a fleet of 10 aircraft, and it has since extended its operations from London Luton to include bases at London Gatwick, Doncaster-Sheffield and Cardiff.<br/>