General Industry

Wizz Air Upgrades Annual Profit Forecast

By Dave Simpson
Wizz Air Upgrades Annual Profit Forecast

European low-cost airline Wizz Air has upgraded its annual profit forecast after a strong third quarter during which it carried more passengers.

Wizz, which focusses on central and eastern Europe, said that it now expects full-year profits for the 12 months to the end of March to come in between €350 million and €355 million, up from a previous forecast of between €335 million and €350 million.

Benefitting From Strong Demand

European short-haul airlines have benefited from strong travel demand in recent months, with Ryanair and easyJet both upgrading their outlooks in January.

News by Reuters, edited by Hospitality Ireland. Click subscribe to sign up for the Hospitality Ireland print edition.