Strong Performance by Wizz Air in H1 of the financial Year

The discount airline closed the peak travel season from April to September with strong performance, implementing a targeted strategic shift to reduce business risks and put itself on a path to profitable growth.

Wizz Air carried 36.5 million passengers in the first half of its financial year (April-September), up 9.8% from the same period last year. Revenue, including fare and ancillary services, increased by 9%. Operating profit increased by 25.8% to EUR 439.2 million, the company said in its first-half report.

According to the report, there were fewer disruptions (delays, flight cancellations) in the airline's network during this year's summer peak season, with a flight completion rate of 99.65% and an on-time performance rate of 61% in the last quarter. In addition, the company managed to significantly reduce costs related to aircraft leased from other airlines, including crew costs.

In its report, Wizz Air noted that it is implementing a targeted strategic shift to reduce business risks and achieve sustainable, profitable growth.

As part of this, it closed its joint venture airline Wizz Air Abu Dhabi and its Vienna base, and is shifting capacity to the most profitable markets in the Central and Eastern European region, such as Bratislava, Chisinau, Podgorica and Tuzla.