Wizz Air forecasts 18 per cent capacity growth for 2016
Wizz Air expects to grow capacity by around 18% next year, up from its previous forecast of 17%.
In a pre-close trading statement for the first half of the financial year today, it said lower fuel prices are ‘feeding through to lower air fares’.
"Wizz Air anticipates that the downward trend in unit revenues will continue in the second half of the financial year and reiterates that the company has very limited visibility of demand in the final quarter of its financial year," it said.
"Nonetheless the strong first half financial performance, combined with robust bookings for the third quarter, are encouraging and the company now expects to report a net profit for the full year (excluding unusual and exceptional items) in the range of €190 million to €200 million."
Chief executive Jozsef Varadi said: "We are very pleased with summer trading and anticipate that this will translate into another record quarter for Wizz Air.
"We have continued to grow our network and increase our passenger numbers throughout the period while maintaining an industry leading, ultra-low cost base.
"We are also very excited about the arrival of the A321s from November this year. These aircraft will underpin our growth plans for the next decade and further improve our cost competitiveness."
Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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