The Budapest-based carrier made an underlying net profit of €344.8 million in the year to 31 March. The figure excludes the impact of fuel hedge losses of €63.7 million resulting from Covid-19 in the latter part of the year.
Passenger numbers grew from 34.6 million to 40 million on an average load factor of 93.6%. Revenue rose by 19% to €2.76 billion and net margins grew 4.7 points to 10.2%.
Jozsef Varadi, Wizz Air’s chief executive said: “During the 2020 financial year, Wizz Air once again outperformed the market with an industry-leading passenger growth rate of 16%.
