Wizz Air Holdings PLC Operational Update (0722A)
25 Septiembre 2020 - 1:00AM
UK Regulatory
TIDMWIZZ
RNS Number : 0722A
Wizz Air Holdings PLC
25 September 2020
Wizz Air Holdings Plc
Operational Update
Ticker: WIZZ
Geneva, 25 September 2020: Wizz Air Holdings Plc ("Wizz Air" or
the "Company"), the fastest-growing European airline, today
provides an operational update in light of ongoing travel
restrictions as a result of the COVID-19 pandemic and the
subsequent drop in demand for travel during the winter period.
In October, Wizz Air now expects to operate 50% of capacity
compared to last year. Furthermore, should the level of
restrictions remain at the current level, Wizz Air anticipates not
to operate at a higher level of capacity during winter than its
projection for October.
The protection of its solid balance sheet and excellent
liquidity position as well as minimising cost across all areas of
the business remain Wizz Air's top priority. The Company has
strongly improved its strategic position and its ability to respond
to opportunities in its markets during the past six months.
While conditions continue to be challenging, the relentless
focus on creating a competitive advantage and strong liquidity will
allow Wizz Air to emerge from this crisis as a structural
winner.
ABOUT WIZZ AIR
Wizz Air, the fastest growing and greenest European low-cost
airline, operates a fleet of 132 Airbus A320 and A321 aircraft. A
team of dedicated aviation professionals delivers superior service
and very low fares, making Wizz Air the preferred choice of 40
million passengers in the financial year F20 ending 31 March 2020.
Wizz Air is listed on the London Stock Exchange under the ticker
WIZZ. The company was recently named one of the world's top ten
safest airlines by airlineratings.com, the world's only safety and
product rating agency, and 2020 Airline of the Year by ATW, the
most coveted honour an airline or individual can receive,
recognizing individuals and organizations that have distinguished
themselves through outstanding performance, innovation, and
superior service.
- Ends -
For more information:
Investors: Evelin Horvath, Wizz Air +41 22 555 9863
Media: András Radó, Wizz Air: +36 1 777 9412
Edward Bridges / Jonathan Neilan, FTI Consulting
LLP: +44 20 3727 1017
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