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Wizz Air hopeful of spring rebound despite mounting losses

Air
James Chapple
26 January 2022

Wizz Air chief Jozsef Varadi is hopeful the budget carrier’s operations will recover to "near full" during the spring and summer months, despite "short-term headwinds" caused by the emergence of the Omicron variant of Covid-19.

Wizz Air Neo.jpg

Varadi on Wednesday (26 January) said he was "cautiously optimistic" for a continued recovery into spring and summer; his comments came as Wizz revealed a deeper third-quarter (three months to 31 December 2021) operating loss of €214 million, up 50% from €142 million during the same period in 2020.


Varadi said Wizz’s steeper loss owed to the effect of Omicron travel restrictions on demand, and the carrier’s investment in "ramping up" its workforce, fleet, bases and route in readiness for a return to pre-Covid levels of operation – and associated costs – by "late-spring 2022".