Articles tagged “wizz air”

After a bloody first half of 2022, followed by an underwhelming summer, Europe’s Ryanair-wannabe, Wizz Air, reported heavy underlying losses for calendar fourth quarter. Its operating margin? Negative 17 percent. The label “Ryanair wannabe” is not an insult.

As Middle Eastern nations look to diversify their economy beyond oil, tourism will most likely be the strongest sector to drive this change.

European aviation is on its way to looking more like the U.S. market, with Ryanair as the low-cost leader — obviously — as Ryanair Group CEO Michael O'Leary sees it.

Budget airlines are making inroads in the Gulf with new regional routes by the dozen. Emirates, Etihad, and Qatar beware.

Winter is always a tough time for Europe's airlines. This winter looks even tougher for pandemic startups as they navigate inflation, high energy costs, and stiff competition.

European discounter Wizz Air will land in Saudi Arabia this December with a major expansion under the kingdom's push to dramatically expand visitor numbers by the end of the decade.

European discounter Wizz Air is taking advantage of its competitors' operational mayhem this summer.

Jozsef Varadi expects significant losses in the next quarter because airports, rather than his own airline, aren't coping with the rebound in traffic.

European low-cost carriers are moving in to claim market share as their larger rivals struggle to return to their pre-pandemic size. The discounters are facing off this summer in Southern European leisure destinations.

The fallout from Russia's invasion of Ukraine is spreading far and wide for airlines. Aeroflot and other Russian carriers face potentially crippling sanctions, while others from Europe to the U.S. are recalibrating to a new environment.