HomeTravel NewsWizz Air Targeting Return to Profit Next Year

Wizz Air Targeting Return to Profit Next Year

Wizz Air expects to return to profit next year.

The Hungarian low fares carrier – a growing rival to Ryanair and EasyJet across Europe – has reported a net profit of €33.5m for the third quarter of its current financial year, which covers the three months to the end of December.

Revenue for the period grew by over 120% to just under €912m.

Wizz still expects to make a loss for its current financial year – which runs to the end of March – but anticipates a return to profitability in its next financial year.

The company said it is currently seeing improved year-on-year booking levels.

Geoff Percival
Geoff Percival
Geoff has worked in business, news, consumer and travel journalism for more than 25 years; having worked for and contributed to the likes of The Irish Examiner, Business & Finance, Business Plus, The Sunday Times, The Irish News, Senior Times, and The Sunday Tribune.

Must Read