Demand for Flights to Eastern Europe Skyrocketing

Wizz Air is reporting record revenue as demand for low-cost flights to Easter Europe climbs.

London Luton Airport. Courtesy of fr:Utilisateur:Steff

Based in Budapest, with its parent company Wizz Air Holdings Plc listed on the London stock exchange, the budget airline saw revenue rise by 29 percent to €469.3 million (£415 million) during the first quarter, and its pre-tax profit climb by 16 percent to €60.5 million (£53.5 million).

Passenger numbers have also steadily increased, with Wizz Air flying 7.2 million customers during the first quarter, up by 25 percent over the same period last year. During the first three months of the year ten new routes were added, including to new airports in Russia, Kazakhstan and Morocco.

“The company experienced a particularly strong performance from Easter traffic in the first quarter. Our ultra-low cost base allows us to offer the lowest fares and that continues to stimulate the market for air travel in Central and Eastern Europe and, as economic growth in the region continues to push ahead of Western Europe, ever more customers take the opportunity to fly with Wizz Air,” explained CEO Jozsef Varadi.

Wizz Air, which was launched in September 2003, operates over 500 routes in 42 countries. There is a route which flies from Vilnius to Belfast International Airport. In June the company inaugurated its first British beachhead at Luton Airport, ignoring the uncertainty of Brexit and its ramifications. From Luton three more services will be offered: to Tel Aviv, Israel; Pristina in Kosovo; and Kutaisi in Georgia. The goal will be to have 42 new routes to and from Luton.

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