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Wizz Air Pinched by Fuel Price Rise

Patrick Whyte

Skift Take

It might have been a difficult quarter for Wizz Air but it remains broadly optimistic. Along with other airlines, it will be hoping that the UK government comes to some form of agreement over Brexit.

Quarterly profit at European low-cost carrier Wizz Air plunged over the winter as high fuel prices and increased labor costs ate into earnings. Profit in the three months to the end of December dropped 88 percent to $1.9 million (€1.7 million.) It wasn't all bad news. Passenger numbers grew 15 percent to 8.1 million while revenue also increased: up 21 percent t

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