Wizzair has to pull out the red pencil

Photo: Pixabay.
Photo: Pixabay.

Wizzair has to pull out the red pencil

Photo: Pixabay.
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The Hungarian low-cost airline posted deep red figures in the past financial year - nevertheless, the signs are slowly but surely pointing to recovery.

In the financial year that ended at the end of March, according to initial calculations, a minus of 475 to 495 million euros was posted, as the carrier announced in its stock exchange announcement. The beginning of the new financial year is still characterized by travel restrictions in the corona crisis. The board therefore only expects a slow recovery. Because of the imponderables, a forecast is not possible. With a financial cushion of 1,615 billion euros, the airline is well armed.

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Editor of this article:

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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About the editor

Granit Pireci is an editor at Aviation.Direct and specializes in aviation in Southeast Europe. Before that he worked for AviationNetOnline (formerly Austrian Aviation Net).
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Nobody likes paywalls
- not even Aviation.Direct!

Information should be free for everyone, but good journalism costs a lot of money.

If you enjoyed this article, you can check Aviation.Direct voluntary for a cup of coffee Coffee trail (for them it's free to use).

In doing so, you support the journalistic work of our independent specialist portal for aviation, travel and tourism with a focus on the DA-CH region voluntarily without a paywall requirement.

If you did not like the article, we look forward to your constructive criticism and / or your suggestions for improvement, either directly to the editor or to the team at with this link or alternatively via the comments.

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