Wizz Air’s expansion across Eastern and Central Europe has seen profits rise to an all-time high. The low-cost carrier is said to have turned the highest revenue in its 12 year history.
With a net expansion of 65 routes, the Hungarian airline also announced that passenger figures for the past year, ending April 2016, reached 20 million for the first time. This is an increase of over 20% on the previous year.
Wizz Air is one of the largest Central and Eastern European airlines. Although, their biggest base is Budapest, the busiest airport is London Luton with almost 50 departures to 35 destinations per day.
A big player in the airline industry
The biggest market is Poland followed by the UK and Romania respectively. The UK market continues to grow at a quick pace, with growth of 24% outstripping Poland by double. The Romanian market however is currently booming, experiencing growth of 30% over the last 12 months.
The airline is planning on continuing to grow with an expansion of its fleet to be complete in 2018. The fleet will increase to 78 aircrafts next year and 91 the following year.
Jozef Varadi, chief executive of Wizz Air said, “We continue to build on our market leadership in Central and Eastern Europe and have a strong balance sheet and attractive order book of existing and new technology aircrafts to drive growth.”
Written by: Team Flight-Delayed