Wizz Air to operate at 50% capacity in October due to Covid curbs
By Frank Prenesti
Date: Friday 25 Sep 2020
(Sharecast News) - East Europe-focused Budget carrier Wizz Air on Friday said it now expected to operate at 50% of capacity in October year-on-year, as Covid-19 travel restrictions continued to hit operations.
It added that should the restrictions remain at their current level, it would not to operate at a higher winter capacity during winter than the October projection.
"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," Wizz Air said in a trading update.
"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."
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