Low-cost airline Wizz Air estimates that it will increase transport capacity by approximately 18% in the 2016 fiscal year and anticipates that the downward trend in unit revenues will continue in the second half of the fiscal year.
According to the company’s statement, financial growth in H1 was strong, and committed bookings for the third quarter are encouraging, with the company expecting to report an estimated full-year net profit between 190-200 million EUR.
Wizz Air is the largest low-cost airline in Central and Eastern Europe and operates a fleet of 63 Airbus A320 aircraft. The company offers more than 390 routes from 22 bases and connects 112 destinations in 38 countries. Wizz Air has approximately 2,300 employees, carrying over 16.5 million passengers in the fiscal year ended March 31, 2015.
Source: Economica
Frequently Asked Questions
What is Wizz Air’s projected capacity growth for 2016?
Wizz Air estimates an 18% increase in transport capacity for the 2016 fiscal year.
What is the expected net profit for Wizz Air in the 2016 fiscal year?
The airline anticipates a net profit between 190 million and 200 million EUR.
How many passengers did Wizz Air carry in the fiscal year ending March 2015?
Wizz Air transported over 16.5 million passengers in the fiscal year that ended on March 31, 2015.