Wizz Air says CFO to step down, names Ian Malin as replacement
Chief financial officer Jourik Hooghe heads for the departure lounge
Company
Wizz Air Holdings PLC
LON:WIZZ
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 66 Airbus A320 and Airbus A321 aircraft, and offers more than 420 routes from 24 bases, connecting 119 destinations across 38 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 19.7 million passengers in the last 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices.
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Wizz Air reports €285mln operating loss but insists disruption levels are normalising
The Budapest-based company will lower summer capacity by 5% after summer chaos at airports caused by industry-wide staffing shortages
Wizz Air Holdings cuts flights as airport chaos spreads
The low-cost airline expects to report a “material operational profit” in its second quarter
Wizz Air registers record passenger traffic in June
Chief executive József Váradi said earlier this month that the company’s investments in staffing, fleet and diversification of the network “enabled us to recover capacity faster"
Wizz Air upgraded to a Buy by Peel Hunt
Wizz Air's chief executive forecasts "largest ever" summer flying after adding 192 aircraft to its fleet
Wizz Air losses widen as airline industry hit by 'volatile macro environment'
The airline reported an underlying loss per share of €6.37 for 2022, up from €5.64 in 2021
Wizz Air says rebound continues in May
On the downside, CO2 emissions in May rose to 387,261 tonnes from 98,439 tonnes a year earlier.
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FTSE 100 closes ahead but off highs; PM faces vote no confidence
At the close, the UK blue-chip index was 75.27 points, or 1% higher at 7,608.22, below the session peak of 7,646.66 but well above the day's early low of 7,532.84
Wizz Air looks to expand Middle East routes with Saudi Arabia deal
Saudi Arabia has an ambitious vision to triple passenger traffic by 2030 as part of its Vision 2030 programme, which will provide unprecedented opportunities for airlines and the aviation supply chain
Wizz Air passenger numbers soar 540% in April as travel rebounds
The load factor, which measures the percentage of available seats being filled, increased to 83.4% from 59.2%
Wizz Air caught in crosswind as analysts disagree
The stock should rally so long as there are no further downgrades
Wizz Air says fourth quarter loss to be less than expected
"We are starting to see recovery take shape as we move closer to the summer of 2022," said the CEO
Wizz Air passenger traffic soars over 400% in March
The airline said the load factor rose to 86.2% from 62.5%
Wizz Air halts all flights from Ukraine and Russia
Flights into and out of Modolva have meanwhile have been shifted to Romania.
Hedging strategies in spotlight as airlines fight new fires
Wizz Air's failure to hedge contrasts with extensive measures by Ryanair, IAG and easyJet
Airlines sweat on Ukraine links
Wizz Air and Ryanair help in humanitarian effort while pondering long-term impact on Ukrainian investment
Wizz Air to carry on flying to Ukraine
The decision sets it apart from its competitors who have suspended services in the area
Wizz Air's transatlantic plans run into objections due to poor record with staff
One US pilots union objected to the FTSE 250 company's "established anti-union record, poor labour standards, questionable safety culture, the impact its foreign carrier permit would have on competition, and its issues with consumer access
Airlines on the up as broker predicts wave of consolidation
IAG rose 3.5%, WizzAir 4.8% and easyJet 4.7% as Credit Suisse suggests recovery from Covid can spark a rush of deals
Wizz Air passenger numbers surge 318% in January
On a rolling 12-month basis, passenger numbers rose by 67.1%