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Wizz Air Q3 profit 14 million euros

Staff Writer |
Wizz Air Holdings reported third-quarter profit of 14 million euros, 3.6% higher than the underlying profit of 13.5 million euros, prior year.

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In the third quarter, Wizz Air carried 7.1 million passengers, a 24.3% increase from previous year, and generated revenues of 422.9 million euros, growth of 24.0%.

József Váradi, Wizz Air chief executive said: "I'm pleased to report that Wizz Air has once again delivered a successful third quarter, with passenger numbers increasing by 24% year-on-year to a record of 7.1 million for the quarter and load factors reaching 89.4%.

"Our strong performance over the first nine months of the financial year and an encouraging upcoming Easter has enabled us to increase fourth quarter growth and deliver 25% more passenger to nearly 30 million passengers for the full financial year."

For fiscal 2018, the company expects net profit to be between 265 million to 280 million euros. Capacity growth (ASKs) is now projected to be 24% (Previously 23%).

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