Articles tagged “wizz air”

The fallout from Russia's invasion of Ukraine is spreading far and wide for airlines. Aeroflot and other Russian carriers face potentially crippling sanctions, while others from Europe to the U.S. are recalibrating to a new environment.

Wizz Air CEO József Váradi is taking a different tack from his peers. Instead of seeing a potential bonanza next summer in Europe, he thinks the region's airlines may be too bullish about demand and add too many flights. The upshot? Everyone has an opinion about the recovery, but no one really knows how it will unfold.

The ongoing publication by the Bank of England of a list of companies with outstanding debts is a reminder of how deeply impacted the travel industry has been by coronavirus.

In an industry record, four budget airlines generated more revenue from ancillaries than they did from ticket sales in 2020. More importantly, ancillary revenue grew across all of the largest airlines last year despite the crisis.

Deloitte has taken the pulse of corporate America, and the 150 travel managers it surveyed are a lot more cautious than airlines would have you believe.