Wizz Air Holdings PLC (AIM:WIZZ) has joined Ryanair in predicting a price war, though it sees fares falling from next year.
A day before the Irish budget airline's boss predicted a major drop in airfares this summer, Marion Geoffroy, Wizz's UK managing director, said flight costs between the UK and the Middle East could drop significantly once the FTSE 250 company incorporates new Airbus aircraft into its fleet.
The incoming Airbus A321XLR planes are expected to bring about major changes in cost efficiency for air travel.
These advanced aircraft boast an increased fuel capacity, enabling flights of up to 11 hours and reducing fuel consumption per seat by up to 30% compared to previous models, Airbus has promised.
Wizz Air has placed an order for 47 of these planes, with deliveries starting in February next year.
Geoffroy said she is optimistic that these new jets will facilitate the launch of new routes connecting the UK with Middle Eastern destinations such as Saudi Arabia, the United Arab Emirates, and Kuwait.
She noted that these regions, where Wizz Air already operates from Europe and has a presence through Wizz Air Abu Dhabi, will benefit from enhanced connectivity to the UK.