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Budget airline Wizz Air warns of further losses this year

Budget airline Wizz Air warns of further losses this year as it bounces back slowly from the pandemic

Budget airline Wizz Air warned of further losses this year as it bounces back slowly from the pandemic.

It said its recovery will largely be reliant on the rollout of vaccines across Europe. 

Wizz Air had made a pre-tax profit of £254m a year earlier, but collapsed to a loss of £489m in the 12 months to the end of March. 

Struggle: Wizz Air had made a pre-tax profit of £254m a year earlier, but collapsed to a loss of £489m in the 12 months to the end of March

The number of passengers and revenue both fell around three quarters to 10.2m and £638m respectively. 

Separately, Ryanair said that it carried 1.8m passengers in May, heavily down on May 2019 when it flew more than 14m passengers.

Read more at DailyMail.co.uk