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Wizz Air counts cost of pandemic recovery

Air
Gary Noakes
2 November 2022

Wizz Air has blamed a difficult first quarter for trebling its losses in the April-September period.

Wizz Air faces increasing competition as rivals ramp up services

In the six months to 30 September, Wizz lost €384.3 million, compared to €120.9 million in the same six months last year. Margins slipped from 18.7% last year to 9.9% as competition increased.

In the six-month period, Wizz Air passenger numbers rose to 26.5 million, a year-on-year increase of 14 million. Average load factor increased 11.5 percentage points to 86.9%.