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Wizz Air 'to accelerate winter profit growth by more than 20%'

Air
James Chapple
13 November 2019

Wizz Air expects to accelerate profit growth by more than 20% during the winter off the back of strong 2019/20 first-half performance despite the “genuine macro-economic challenges” facing the European low-cost aviation sector.

Wizz is forecasting significant profit growth during H2 2019/20

In a trading update issued on Wednesday morning (13 November), the budget carrier revealed its H1 profits increased more than quarter to a record €371.5 million during the six months to 30 September, while passenger numbers soared 18% to 22.1 million.


Wizz now expects to post full-year net profits in the region of €335 million to €350 million, up from a forecast of €320 million to €335 million earlier this year. “On the back of a strong first half, we will be accelerating second half growth to 22%,” said Wizz chief executive Jozsef Varadi.