Wizz Air Abu Dhabi ready to play waiting game on India, Pakistan flights: József Váradi

Wizz Air Abu Dhabi ready to play waiting game on India, Pakistan flights: József Váradi

Dubai: The war in Ukraine, volatile fuel prices and Europe’s supply chain issues did throw a spanner in the works for Wizz Air - but the budget airline’s CEO is confident of turning a massive profit in the current financial year. József Váradi says the airline will be able to return to net profit of 350 million to 450 million euros from a net loss of 535.1 million euros the previous year. In an interview with , Váradi talks about profits and a broader airline industry transition to non-carbon-based travel. He also spoke about the launch of flights to India and Pakistan and the possibility of a new subsidiary airline. We are looking at a net profit of 350 million to 450 million euros compared to the net loss previously. That’s roughly a billion euros into profitability year-on-year. Some of this will be direct revenue, some by improving the underlying cost performance, and some from a more favourable environment in terms of fuel and foreign exchange. When you look at the dip in performance of the last financial year, most of it is because of under-performance in the first-half. That was the time when the war in Ukraine broke out,