Once-Bullish Wizz Air CEO Says His Optimism for Summer Is Fading
This content was published on April 16, 2021 - 04:00
April 16, 2021 - 04:00
(Bloomberg) Wizz Air Holdings Plc Chief Executive Officer Jozsef Varadi said he’s no longer counting on a rebound in European travel this summer as travel restrictions persist and vaccine rollouts stutter.
Uncertainty over the easing of curbs make it impossible to predict levels of demand in three or four months, and whether an envisaged increase in capacity to between 70% and 80% of pre-pandemic levels is justified, Varadi said in an interview Thursday.
“We need to reconcile these numbers with reality,” he said. “It might be possible to operate within these ranges, but we can’t guarantee it. It’s not a matter of capacity planning but governments imposing restrictions.”
Discount Airlines Tap Stock Market as Investors Bet on Travel Recovery Discount Airlines Tap Stock Market as Investors Bet on Travel Recovery
Frontier Airlines, Sun Country raise hundreds of millions in IPOs a year after the Covid-19 pandemic crushed air travel
published : 3 Apr 2021 at 11:43
14 A United Airlines Boeing 737 MAX airliner on the ramp at Renton airport adjacent to the Boeing factory in Renton, Washington. United Airlines announced on April 1 it will immediately start hiring pilots, beginning with a group of 300, to be ready to meet growing demand for air travel. (Photo: AFP)
As air travel shows more signs of rebounding from its pandemic lows, airlines that focus on offering cheap fares to leisure travelers are cashing in on the stock market.
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CHICAGO: U.S. budget carrier Frontier Airlines is already making money and flying more than in 2019 before the coronavirus pandemic upended air travel last year, Chief Executive Barry Biffle told Reuters ahead of the company s Nasdaq debut on Thursday.
The airline started generating positive cash flow at the beginning of March, a key milestone for an industry that has been burning money after drastically scaling back flights last year as demand tanked.
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Frontier is now benefiting from a recovery driven by domestic leisure travel, its specialty, flying more capacity this March than in the same month of 2019.