{"id":121988,"date":"2017-05-26T00:00:00","date_gmt":"2017-05-25T21:00:00","guid":{"rendered":"https:\/\/rhn.ro\/wizz-air-record-profit-of-eur-246-million-in-the-fiscal-year-ended-at-the-end-of-march\/"},"modified":"2026-03-28T13:22:47","modified_gmt":"2026-03-28T11:22:47","slug":"wizz-air-record-profit-of-eur-246-million-in-the-fiscal-year-ended-at-the-end-of-march","status":"publish","type":"post","link":"https:\/\/rhn.ro\/en\/wizz-air-record-profit-of-eur-246-million-in-the-fiscal-year-ended-at-the-end-of-march\/","title":{"rendered":"Wizz Air: Record profit of EUR 246 million in the fiscal year ended at the end of March"},"content":{"rendered":"<div>Low-cost airline Wizz Air recorded a record profit of EUR 246 million in the fiscal year ended March 31, 2017, an increase of 28% compared to the previous year, and transported 23.8 million passengers. Wizz Air&#8217;s recorded revenues were EUR 1.57 billion in 2016, up 10% from the previous year&#8217;s result.&nbsp;<\/div>\n<div><\/div>\n<div>On the Romanian market, Wizz Air will increase passenger traffic by 27% this year compared to 2016.&nbsp;<\/div>\n<div><\/div>\n<div>Jozsef Varadi, CEO of Wizz Air, estimates that the operator will transport 7 million passengers this year, and for the next 5 years, he estimates that this number will double.<\/div>\n<div><\/div>\n<div>Regarding the opening of new domestic routes, after the one from Bucharest to Cluj-Napoca, Jozsef Varadi stated that he is evaluating other possibilities, but did not provide more details.&nbsp;<\/div>\n<div><\/div>\n<div>Wizz Air operates from 10 airports in Romania, 7 of which are bases. The number of aircraft allocated to the Romanian market is 22, nine of which are based in Bucharest.&nbsp;<\/div>\n<div><\/div>\n<div>Revenue per passenger recorded a second year of decline and reached EUR 65.7, after results in 2016 and 2015 were EUR 71.5\/passenger and EUR 74.5\/passenger, respectively.&nbsp;<\/div>\n<div><\/div>\n<div>Varadi explains this decrease by the reduction in fuel prices, which led to a decrease in fares, on average EUR 6.5 lower.&nbsp;<\/div>\n<div><\/div>\n<div>Calculated based on the number of passengers transported, 5.5 million, the operator&#8217;s revenues in Romania amounted to EUR 361.3 million.&nbsp;<\/div>\n<div><\/div>\n<div>The load factor of Wizz aircraft increased from 88.2% to 90.1%.<\/div>\n<p>Source: <a href=\"http:\/\/www.economica.net\" data-wplink-url-error=\"true\">Economica<\/a><\/p>\n<h3>Frequently Asked Questions<\/h3>\n<p><strong>What was Wizz Air&#8217;s profit for the 2017 fiscal year?<\/strong><\/p>\n<p>Wizz Air reported a record profit of EUR 246 million, representing a 28% increase over the previous year.<\/p>\n<p><strong>How many passengers does Wizz Air expect to carry in Romania?<\/strong><\/p>\n<p>The CEO estimates 7 million passengers in Romania for the current year, with expectations to double this figure within five years.<\/p>\n<p><strong>Why did revenue per passenger decrease?<\/strong><\/p>\n<p>Revenue per passenger dropped to EUR 65.7 due to lower fuel costs, which allowed the airline to reduce average ticket prices.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Low-cost airline Wizz Air recorded a record profit of EUR 246 million in the fiscal year ended March 31, 2017, an increase of 28% compared to the previous year, and transported 23.8 million passengers. Wizz Air&#8217;s recorded revenues were EUR 1.57 billion in 2016, up 10% from the previous year&#8217;s result.&nbsp; On the Romanian market,&hellip;<\/p>\n","protected":false},"author":0,"featured_media":66718,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2856],"tags":[],"thb-sponsors":[],"class_list":["post-121988","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-conectivity"],"article_style_override":"","post-style":"","post_via":"","post-top-image":"https:\/\/rhn.ro\/wp-content\/uploads\/2019\/11\/transport-2.jpg","_links":{"self":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/121988","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/comments?post=121988"}],"version-history":[{"count":0,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/posts\/121988\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media\/66718"}],"wp:attachment":[{"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/media?parent=121988"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/categories?post=121988"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/tags?post=121988"},{"taxonomy":"thb-sponsors","embeddable":true,"href":"https:\/\/rhn.ro\/en\/wp-json\/wp\/v2\/thb-sponsors?post=121988"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}