Wizz Air chief says UK expansion will continue ‘no matter what happens to Brexit’

victoria@aviationnews-online.com
By victoria@aviationnews-online.com November 13, 2019 16:58

Wizz Air chief says UK expansion will continue ‘no matter what happens to Brexit’

Wizz Air chief executive Jozsef Varadi has said the airline will continue with its expansion plans in the UK “no matter what happens to Brexit”.

The co-founder of the Hungarian low-cost carrier outlined that London is a key market for the airline and spoke of his desire for plans to expand in the capital, despite missing out on Thomas Cook’s take-off and landing slots at Gatwick in the wake of its collapse.

“London is the single biggest travel market in the world,” Varadi told Bloomberg. “I don’t think this is going to change any time soon, no matter what happens to the country, what happens throughout Brexit.

“We are very keen on positioning ourselves strategically to the London market.”

It’s a buoyant time for Wizz Air whose net profit rose more than a quarter for the first half of the 2019 financial year. The figure stood at just over €371 million, a 26.2% rise from the same period one year ago. 

Elsewhere, revenue rose 21.7% to €1.67 billion as the airline carried 22.1 million passengers in the first half of 2019, a 17.9% increase.

victoria@aviationnews-online.com
By victoria@aviationnews-online.com November 13, 2019 16:58