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Wizz Air Holdings (WIZZ)

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Friday 25 September, 2020

Wizz Air Holdings

Operational Update

RNS Number : 0722A
Wizz Air Holdings PLC
25 September 2020
 

Wizz Air Holdings Plc

Operational Update

Ticker: WIZZ

 

Geneva, 25 September 2020: Wizz Air Holdings Plc ("Wizz Air" or the "Company"), the fastest-growing European airline, today provides an operational update in light of ongoing travel restrictions as a result of the COVID-19 pandemic and the subsequent drop in demand for travel during the winter period.

 

In October, Wizz Air now expects to operate 50% of capacity compared to last year. Furthermore, should the level of restrictions remain at the current level, Wizz Air anticipates not to operate at a higher level of capacity during winter than its projection for October.

 

The protection of its solid balance sheet and excellent liquidity position as well as minimising cost across all areas of the business remain Wizz Air's top priority. The Company has strongly improved its strategic position and its ability to respond to opportunities in its markets during the past six months. 

While conditions continue to be challenging, the relentless focus on creating a competitive advantage and strong liquidity will allow Wizz Air to emerge from this crisis as a structural winner.

ABOUT WIZZ AIR

Wizz Air, the fastest growing and greenest European low-cost airline, operates a fleet of 132 Airbus A320 and A321 aircraft. A team of dedicated aviation professionals delivers superior service and very low fares, making Wizz Air the preferred choice of 40 million passengers in the financial year F20 ending 31 March 2020. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ. The company was recently named one of the world's top ten safest airlines by airlineratings.com, the world's only safety and product rating agency, and 2020 Airline of the Year by ATW, the most coveted honour an airline or individual can receive, recognizing individuals and organizations that have distinguished themselves through outstanding performance, innovation, and superior service.

 

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For more information:




Investors:

Evelin Horvath, Wizz Air

+41 22 555 9863




Media:

András Radó, Wizz Air:

+36 1 777 9412


Edward Bridges / Jonathan Neilan, FTI Consulting LLP:

+44 20 3727 1017




 

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