Wizz Air returns to pre-pandemic levels in AugustEuropost
The budget carrier Wizz Air announced it was very close to reaching its pre-pandemic levels of business as most European countries eased their travel restrictions which were imposed to curb the spread of pandemic. Wizz Air said it expected to post a 118.7m euros loss but summer bookings will drag up the business activity to 90-100% percent of the capacity levels envisaged before the pandemic, Reuters elaborated.
The Hungarian airline still noted that the spread of the Delta variant in UK raises concerns over the return to travel restrictions. The company reported liquidity of 1.7 billion euros. Britain is set to exempt fully vaccinated travellers from EU from quarantine according to reports, which would help it catch up with the EU, which has allowed more travel since 1 July. "Continental Europe has been more open for travel and as a result, demand has reacted much quicker and much more robustly for summer," Wizz Air Chief Executive Jozsef Varadi said. Its competitor EasyJet also said last week that bookings from Europe were outpacing Britain. For the three months to the end of June, Wizz's first quarter period, the company flew 33% of its pre-pandemic capacity, a total of 2.95 million people.