An Airbus A321-231 from Wizz Air is taking off from Barcelona Airport in Barcelona, Spain, on Feb. 23, 2024.
European low-cost airline Wizz Air forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to an annual net profit after three years.
Wizz Air reported a net profit of 365.9 million euros ($395.90 million) for the year ended March 31, compared with a net loss of 535 million euros a year earlier.
That compares with a company-compiled consensus of a 350.8 million euros.
The airline expects current year net income in the range of 500 million euros-600 million euros with revenue on each available seat kilometre up in high-single digits.
Persons:
Jozsef Varadi
Organizations:
Airbus, Wizz, Barcelona Airport
Locations:
Barcelona, Spain, Hungary