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Wizz Air confident of hitting profit estimates

Air
Gary Noakes
23 March 2016

Wizz Air has told investors that it will hit the top end of its profit forecasts when it unveils full-year results on May 25.

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The budget airline is predicting an underlying net profit for the year to the end of March near to €210 million. In a trading statement, the airline, which is based in Budapest, said that a “strong financial performance” in the first nine months of this financial year had continued into the fourth quarter.

“A combination of robust ticket sales, lower fuel costs, strong load factors, and our continued disciplined approach to cost management has once again led to a stronger than expected financial performance,” the airline said.