Low-cost airline Wizz Air recorded a 14.7% increase in net profit in the second quarter of 2015, reaching EUR 33.9 million, while the number of passengers grew by 20% compared to the same period last year.
In the April – June 2015 period, revenues increased by 12.7% to EUR 332.5 million.
The average aircraft load factor rose to 88.8% during the analyzed period, while total costs decreased by 3.3% following the decline in crude oil prices.
This year, Wizz Air expects a profit after tax of EUR 175 – 185 million, compared to the May estimate of EUR 165 – 175 million.
In the fiscal year ended March 31, 2015, the number of passengers transported increased by 18% to 16.5 million passengers.
Source: Economica
Frequently Asked Questions
What was Wizz Air’s net profit in Q2 2015?
Wizz Air reported a net profit of EUR 33.9 million for the second quarter of 2015, representing a 14.7% increase.
How much did Wizz Air’s passenger numbers grow?
The number of passengers increased by 20% in Q2 2015 compared to the previous year, reaching 16.5 million for the full fiscal year.
Why did Wizz Air’s total costs decrease?
Total costs fell by 3.3% primarily due to the decline in global crude oil prices during that period.