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Wizz Air 'on track' to deliver ultra-low model

Wizz Air 'on track' to deliver ultra-low model

 

Jozsef Varadi, Wizz Air chief executive, said: "Due to higher fuel prices, we proactively adjusted growth capacity to help offset the cost pressure with higher yields.


“Our industry leading aircraft utilisation, which helps drive our unit costs lower, was negatively impacted by the capacity adjustments in the quarter, but with the recent fall in fuel prices, we will be increasing our utilisation levels back to the high levels from the start of F20.


“The company maintains its net profit guidance range of €270m and €300m for the full year. Where we will be within this range will depend on the extent of March yield pressures, which will be affected year-on-year given Easter falls after the financial year-end in April, and external factors such as Brexit uncertainty.

 

"Wizz Air remains well on track to deliver its mission to be the undisputed ultra-low cost carrier in the industry."


Varadi added the rollout of Wizz’s A321 Neo fleet would start during Q4.

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