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Transport

WizzAir to fly at full capacity in August as travel recovers

WizzAir said it will be the first major airline to be back at pre-Coronavirus (COVID-19) levels

Wizz Air Holdings (AIM:WIZZ) PLC expects to be at 100% of 2019 capacity in August, making it the first major European airline to be back to pre-Coronavirus (COVID-19) levels, it said.

That compares with just 33% of capacity flown in the quarter to June just ended, though the number of passengers carried jumped to 2.95mln from 700,000 a year ago.

József Váradi, chief executive of the Central Europe-focused airline, said while it was still cautious over winter bookings, this summer's season had started strongly and it was ramping up capacity to meet demand.

An additional 600 crew are being trained, he said, with flying times now ten hours per day compared to 12+ pre-pandemic.

Losses over the quarter to June rose to €144mln, even though revenue jumped €199mln from €91mln.

The business had been focused on cash conservation, said Váradi, with liquidity at the period end of €1.7bn, but now it was looking at expansion again.

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