The 2021 financial year also ends with a hefty minus for the Hungarian low-coster. With 10 million passengers, Wizz Air generates a turnover of 739 million euros - a decrease of 73 percent.

The bottom line was a net loss of 576,0 million euros, according to the company in the broadcast. “Despite these unprecedented challenges, we kept our cost structure under control, retained our cash position and maintained our investment grade balance sheet,” said CEO József Váradi.

During the Covid-19 pandemic, the principle of maximizing cash-positive flying was adhered to. Thanks to the low cost structure, flight operations could be maintained, while many competitors were forced to shut down larger parts of their fleets. In addition to scheduled flights, charter flights have been completed.