logo-loader
viewWizz Air Holdings

Wizz Air adds 50 new routes, including Italy and Cyprus

The budget airline was one of the first to restart flights after initial coronavirus groundings

Wizz Air Holdings -

Wizz Air Holdings PLC (LON:WIZZ) said it is adding more than 50 new routes to Italy, Cyprus, Ukraine and Albania from July.

The Eastern Europe-focused airline said from 1 July it will open four new bases deploying 11 aircraft on these routes. 

Chief executive József Váradi said the company sees “the potential to re-stimulate demand for low-cost travel and contribute to the vital recovery of tourism in these markets”. 

The budget airline was one of the first to restart flights after initial coronavirus groundings and said it has new health and safety protocols designed to ensure that our customers and crew can fly safely. 

Váradi added that Wizz's low-cost model and solid balance sheet "provide a significant competitive advantage in the current environment, while also making us a long-term structural winner in the aviation sector". 

Next Wednesday, FTSE 250-listed group is due to publish a first-quarter update, having guided to €340-360mln of net profit before exceptional items. 

Quick facts: Wizz Air Holdings

Price: 3284 GBX

AIM:WIZZ
Market: AIM
Market Cap: £3.38 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Inspired Energy raises up to £35mln in placing and open offer and fully...

Inspired Energy PLC's (LON:INSE) Mark Dickinson speaks to Proactive after announcing they've raised £35mln and struck a deal to acquire the 60% of Ignite Energy that it does not already own. Dickinson says the acquisition will accelerate the group's organic growth in optimisation services. In an...

14 hours, 51 minutes ago

2 min read