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

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

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.

#fiveDealsWidget .dealItemTitle#mobile {display:none} #fiveDealsWidget {display:block; float:left; clear:both; max-width:636px; margin:0; padding:0; line-height:120%; font-size:12px} #fiveDealsWidget div, #fiveDealsWidget a {margin:0; padding:0; line-height:120%; text-decoration: none; font-family:Arial, Helvetica ,sans-serif} #fiveDealsWidget .widgetTitleBox {display:block; float:left; width:100%; background-color:#af1e1e; } #fiveDealsWidget .widgetTitle {color:#fff; text-transform: uppercase; font-size:18px; font-weight:bold; margin:6px 10px 4px 10px; } #fiveDealsWidget a.dealItem {float:left; display:block; width:124px; margin-right:4px; margin-top:5px; background-color: #e3e3e3; min-height:200px;} #fiveDealsWidget a.dealItem#last {margin-right:0} #fiveDealsWidget .dealItemTitle {display:block; margin:10px 5px; color:#000; font-weight:bold} #fiveDealsWidget .dealItemImage, #fiveDealsWidget .dealItemImage img {float:left; display:block; margin:0; padding:0} #fiveDealsWidget .dealItemImage {border:1px solid #ccc} #fiveDealsWidget .dealItemImage img {width:100%; height:auto} #fiveDealsWidget .dealItemdesc {float:left; display:block; color:#004db3; font-weight:bold; margin:5px;} #fiveDealsWidget .dealItemRate {float:left; display:block; color:#000; margin:5px} #fiveDealsWidget .footerText a:hover{text-decoration: underline;} #fiveDealsWidget .footerSmall{font-size:10px; padding-top:10px;} @media (max-width: 635px) { #fiveDealsWidget a.dealItem {width:19%; margin-right:1%} #fiveDealsWidget a.dealItem#last {width:20%} } @media (max-width: 560px) { #fiveDealsWidget #desktop {display:none;} #fiveDealsWidget #mobile {display:block!important} #fiveDealsWidget a.dealItem {background-color: #fff; height:auto; min-height:auto} #fiveDealsWidget a.dealItem {border-bottom:1px solid #ececec; margin-bottom:5px; padding-bottom:10px} #fiveDealsWidget a.dealItem#last {border-bottom:0px solid #ececec; margin-bottom:5px; padding-bottom:0px} #fiveDealsWidget a.dealItem, #fiveDealsWidget a.dealItem#last {width:100%} #fiveDealsWidget .dealItemContent, #fiveDealsWidget .dealItemImage {float:left; display:inline-block} #fiveDealsWidget .dealItemImage {width:35%; margin-right:1%} #fiveDealsWidget .dealItemContent {width:63%} #fiveDealsWidget .dealItemTitle {margin: 0px 5px 5px; font-size:16px} #fiveDealsWidget .dealItemContent .dealItemdesc, #fiveDealsWidget .dealItemContent .dealItemRate {clear:both} }

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

British business top of pack in Europe… but recovery is set to delay interest rate cuts

Jeremy Hunt was given a double boost yesterday as figures showed the…

Wine merchant Berry Brothers & Rudd expecting a 13% sales drop

The Queen’s wine merchant Berry Brothers & Rudd expects sales to drop…

Christmas discount train hack could save you hundreds of pounds on festive travel

THIS train hack could save you hundreds of pounds on your festive…

Hit the charity shops to find great bargains when they open again next week

FROM tomorrow I can take part in my favourite hobby once again . . .…