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Wizz Air boosts profit guidance as revenue and passenger numbers soar

Air
James Chapple
29 January 2020

Budget carrier Wizz Air has boosted its annual profit guidance off the back of soaring autumn revenues and passenger numbers.

Wizz Air Neo.jpg

Wizz now expects full-year profits of €350 million and €355 million, up from previous guidance of €335 million to €350 million.


It comes after Wizz on Wednesday (29 January) posted record third-quarter (three months to 31 December) profits of €21.4 million, up €42.4 million on the same period last year from a €21 million loss.


Passenger numbers for the quarter, meanwhile, increased 23.2% to 10 million.

“It has been another quarter of significant achievement,” said Jozsef Varadi, chief executive of Wizz.


Total Q3 revenue increased 24.6% to €637.3 million, with ticket revenues up 15.5% to €336.3 million and ancillaries 36.7% to €301.1 million.