As restrictions ease, Wizz Air has seen demand rocket.
Passengers in January soared 220% compared to January last year. The number of passengers allowed on the plane has also increased as restrictions ease, allowing load factor to increase from 61% to 79.6%.
“There is a very clear correlation between the level of restrictions imposed on travel versus market demand,” said chief executive Jozsef Varadi.
“What we are seeing in the UK today is what we are going to be seeing in continental Europe in the next four to six week, [i.e.] restrictions easing correspond to robust demand coming up.”
“The emergence of the Omicron variant and renewed travel restrictions impacted our trading performance late in the quarter and we expect demand in January, February and part of March to be impacted by ongoing travel uncertainty,”
“As such, Wizz Air anticipates the operating loss for the fourth quarter of F22 to be slightly higher than the operating loss of €213.6 million for the previous one.”
