Wizz Air targets record summer traffic and return to net profit

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.

Potential headwinds, said Wizz, include fuel pricing and "structural capacity issues" at some airports, as well as ongoing European air traffic control strikes, not to mention the war in Ukraine, which the airline said posed "unimaginable challenges" last summer.