Wizz Air reports H1 results

Wizz Air is reported half year revenue of €1.379bn – a 20% increase compared to the year-ago period. Ticket revenues increased 25.3% to €858.6 million. Profit for the period rose by 1.2% to €292.2 million, with the profit margin down by 3.9 percentage points to 21.2%. Ancillary revenues grew 12.1% to €520.5 million. Airline unit revenues were unchanged at €4.27 per available seat kilometre (ASK). Costs measured in CASK, excluding fuel, rose by 1.1% to €2.25, including fuel is was up by 6.4% to €3.33. Wizz carried 18.8 million passengers in the six months to end September 2018 – a