Low-cost airline Wizz Air recorded group-level revenues of EUR 1.43 billion in the fiscal year ended March 31, 2016. 11.7% of these revenues were generated in Romania, specifically over EUR 167 million.
Wizz Air’s expansion strategy focused on the fact that a large number of Poles, Romanians, and Hungarians work abroad and are visited by relatives.
The company does not provide data on exact revenues generated in the markets where it operates.
Last year, Wizz Air aircraft flew with an occupancy rate that increased by 1.5% to 88.2%, and the fleet reached 67 aircraft, compared to 55 recorded in the previous fiscal year.
Wizz Air launched 69 new routes and opened three new bases in Bosnia and Herzegovina, Slovakia, and Lublin in the fiscal year ended March 31, 2016. During the past year, the company announced three new bases, two of which are in Romania, in Iasi and Sibiu, as well as in Kutaisi, Georgia.
Source: Economica
Frequently Asked Questions
What were Wizz Air’s total revenues in the 2016 fiscal year?
Wizz Air reported total revenues of EUR 1.43 billion for the fiscal year ending March 31, 2016.
How much did the Romanian market contribute to Wizz Air’s revenue?
Romania accounted for 11.7% of the total revenue, amounting to over EUR 167 million.
What was Wizz Air’s fleet size and load factor in 2016?
The fleet grew to 67 aircraft, and the load factor increased to 88.2%.