Wizz Air raises capacity outlook

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Low-cost airline Wizz Air raised its capacity outlook as it delivered strong results for the three months ending June 30, bucking a recent trend of bad news in the industry.

The airline’s focus on central and eastern Europe has seen it benefit from economic growth in the region, leading to strong demand.

Pre-tax profits surged 42 per cent to €72.4m in the airline’s first quarter, while passenger numbers were up 20 per cent to 10.4m compared with the same period last year.
The company raised its outlook for capacity growth from 16 per cent to 20 per cent, and said that higher fuel prices were supporting a stronger fare environment as weaker carriers withdraw unprofitable capacity.

 

Via The Financial Times

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