Wizz Air reports operating profit of €79.9 million

Wizz Air reported an operating profit of €79.9 million in first quarter as compared to loss of €284.5million citing soaring demand for travel and record passenger numbers. Revenue climbed 53% to €1.2bn, while passenger numbers were up by a quarter to 15.3 million. “We continue to observe positive trading in the second quarter with revenue per available seat kilometres (RASK) trending higher year-on-year on the back of low double digit percentage increased ticket revenue and a higher load factor, compared to the same period last year, expected to build up to 94%,” said Jozsef Varadi, chief executive. However, he downgraded