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Wizz Air targets record summer traffic and return to net profit

Air
James Chapple
8 June 2023

Wizz Air says it is ready to deliver "record summer traffic" and hopeful of returning to net profit in its 2023/24 full-year, despite failing to address significant and ongoing operational losses.

Wizz Air Credit Markus Winkler Pexels pexels-markus-winkler-3538282.jpg (Credit: Markus Winkler / Pexels)

The CAA has stepped in (Credit: Markus Winkler / Pexels)

The budget carrier on Thursday (8 June) revealed its full-year results for the year to 31 March 2023, with chief executive Jozsef Varadi bullish about the airline’s prospects.


Varadi said Wizz had spent much of the past year building a "better and more operationally resilient business", while the carrier said it was "moving in the right direction" as it "transitions into the post-Covid era".


"We are now well placed to continue to drive profitable growth through the rest of the decade and beyond," said Varadi, with Wizz targeting 2023/24 full-year net profit in the range of €350 million to €450 million.