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Wizz Air eyes return to profit as passenger numbers reach record levels

Air
Will Payne
26 January 2023

Wizz Air has predicted it will return to profit in the next financial year after it carried 45 million passengers in 2022, the highest number of customers flown in any 12-month period during the company’s 18-year history.

Wizz step

Several carriers had aircraft grounded owing to engine issues

Despite projecting an overall loss for the 12 months to March 2023, chief executive of the carrier Jozsef Varadi remains confident the upcoming financial year will be profitable – subject to no adverse pandemic or geopolitical events.

"We are set to return to pre-Covid-19 utilisation levels and to deploy a fleet of circa 185 of the most efficient narrowbody aircraft this summer, across a more diversified network and with a highly engaged workforce of more than 7,000 aviation professionals, without whom this would not be possible," he said in a recent trading update.