The airline hopes it will rebound when its core market, the easter European diaspora, is able to visit home countries againWizz Air has fallen to a loss of half a billion pounds during the pandemic and expects the stop-start, uncoordinated nature of air travel restrictions to keep it in the red for another year. Wizz is Europe’s third largest budget airline after Ryanair and Easyjet. It flies throughout the continent — its main British base is Luton — but its home markets are in central and eastern Europe. It is quoted on the London Stock Exchange, valued at nearly £4.2 billion, not far behind Easyjet despite the latter being, operationally, twice as large. SponsoredFor the year to the end of March Wizz reported losses of €576 million as the number of passengers it carried dropped to ten million compared with 40 million in the previous

Source: The Times June 02, 2021 11:04 UTC