LONDON, Nov 2 (Reuters) – Funds airline Wizz Air (WIZZ.L) mentioned it deliberate to develop its capability by 35% within the six months to the top of March as demand for journey remained sturdy regardless of the stress on family budgets from inflation.
“Up to now we’re seeing no indication of a drop in demand so we stay assured,” chief government Jozsef Varadi mentioned on Wednesday.
The deliberate 35% progress in capability is in comparison with pre-pandemic ranges, which means Wizz will be part of bigger low-cost rival Ryanair (RYA.I) as one of many few European airways to exceed their pre-COVID dimension.
Hungary-based Wizz posted core earnings for its seasonally sturdy June-September quarter of 374 million euros ($369 million).
That represented a restoration from the earlier interval when employees shortages at airports dragged the airline to a loss. Total the airline posted an working lack of 63.8 million euros for the March to September half.
($1 = 1.0129 euros)
Reporting by Sarah Younger, Modifying by Paul Sandle
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