
Wizz Air slipped deeper into the red
In the 2021/22 financial year, which ended in March, the Wizz Air Group was able to increase its revenue by 125 percent to 1,663 billion euros. The bottom line was that the company was deep in the red, with the net loss increasing by 12 percent to 642,5 million euros. Although the group was able to increase EBITDA by 89 percent to 465,3 million euros and thus also reduce the operating loss by 12 percent to 465,3 million euros, the bottom line was that the net loss increased to 642,5 million euros. One of the reasons for this is that fuel costs are rising sharply. During the current financial year, the company wants to be back in the air with the capacity it had before the pandemic. Depending on market developments, this should even be exceeded. CEO Jozsef Varadi is confident that it will be possible to have the full flight program and fully utilized aircraft.








