Posted on: 26 March 2015 by Mark Howells
Wizz Air has announced plans to end operations by its Wizz Air Ukraine subsidiary, following earlier capacity reductions in 2014.
Wizz Air says that these changes will not have a material effect on the Group’s trading in the current year and subsequent financial years.
Wizz Air Hungary will establish an operating base in Kiev with one Airbus A320 initially operating eight routes. Moving forward, the airline hopes to develop its network in Kiev as the local economic and geopolitical conditions improve. The second Airbus A320 aircraft currently based in Kiev will be redeployed to Wizz Air’s new operating base in Kosice, Slovakia, and will operate new routes from Kosice to Milan Bergamo and Sheffield-Doncaster from early June 2015.
Following its successful initial public offering at the start of this month, Wizz Air Holdings plc (Wizz Air and, together with its subsidiaries, the Group), has revealed in a trading update for the fourth quarter and year ending 31 March 2015, that its revenue and profit performance for that year is forecast to be in-line with the board’s expectations.
Wizz Air is expected to report its preliminary results for the year ending 31 March 2015 on 27 May 2015.