Wizz Air

Aircraft shortages turn into cash bonanza for some airlines

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Aircraft shortages turn into cash bonanza for some airlines

Aircraft shortages have allowed airlines like Frontier Airlines and Wizz Air to sell new planes to leasing companies at higher prices than they paid, resulting in gains of hundreds of millions of dollars. The tight airliner market has made sale-and-leaseback transactions more attractive, with US airlines accounting for a larger share of these deals. New aircraft prices are 20% higher than pre-pandemic levels, leading to soaring lease rates. Airlines are spending 30% more on aircraft leases than before the pandemic.

Airlines scramble to change routes after Israeli attack on Iran

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Airlines scramble to change routes after Israeli attack on Iran

Fact: Airlines quickly changed flight paths over Iran, diverted to alternate airports, or returned planes to their departure points in response to airspace and airport closures after an Israeli attack on Iran.

Israel attacks Iran, Reuters sources say, drones reported over Isfahan

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Israel attacks Iran, Reuters sources say, drones reported over Isfahan

Israel has attacked Iran in retaliation for a drone strike on Israel. Iran’s air defense systems destroyed drones in Isfahan, causing explosions. Analysts fear the Israel-Gaza conflict spreading in the region. Iran warned of a severe response to attacks. Financial markets reacted negatively to the escalating tensions. Iran’s nuclear facilities were unharpmed, and flights in Iran were disrupted. Israel’s military offensive in Gaza has resulted in numerous Palestinian casualties. Iran-backed groups have supported Palestinians by launching attacks from various countries.

Wizz air hosts recruitment day in Larnaca

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Wizz air hosts recruitment day in Larnaca

Wizz Air is organizing a Recruitment Day on Thursday, seeking candidates to join its cabin crew team. The event will be held at the Best Western Plus Larco Hotel in Larnaca. Interested individuals must meet criteria such as being 18 years old, having the right to work in Cyprus or the EU, and proficiency in English. The airline offers benefits like competitive salaries, social security coverage, and free cabin crew training.

Wizz Air’s success story has a Cypriot flavour

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Wizz Air’s success story has a Cypriot flavour

Wizz Air is celebrating its 20th anniversary next month and has been a key player in Cyprus’ aviation industry since establishing a base at Larnaca International Airport in 2010. The airline has received awards for its environmental practices and sustainability efforts. In 2023, Wizz Air played a significant role in Cyprus’ record-breaking tourist season by transporting passengers from various key markets. The airline increased its seat capacity by 70% in 2023 and is estimated to have injected €200 million into the Cypriot economy. Wizz Air holds the leading position for passenger numbers at Larnaca Airport and is set to offer 1.3 million seats on 25 routes to 16 countries from Cyprus in 2024. The airline’s presence has created 130 direct jobs and is estimated to support an additional 5,500 jobs in related sectors.

Wizz Air’s President: We want to continue building on our position as number one at Larnaca airport

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Wizz Air’s President: We want to continue building on our position as number one at Larnaca airport

– Wizz Air established a base at Larnaca Airport in 2020.
– Since its establishment, Wizz Air has doubled its capacity at Larnaca Airport.
– Wizz Air is now the leading airline in Larnaca and the second overall in Cyprus.
– In 2023, Wizz Air experienced a significant increase in passenger numbers in Cyprus compared to 2022.
– The increase in passengers was attributed to new destinations, Cyprus’s tourism strategy, and Wizz Air’s low fares.
– Wizz Air navigated challenges such as the pandemic, Russia’s invasion of Ukraine, and the conflict between Israel and Hamas by quickly reallocating capacity and was the first airline to return to pre-COVID levels by volume.
– Wizz Air operates at 160% of its pre-COVID capacity.
– The airline is focused on sustainability and is investing in new technology for the future, including the potential development of hydrogen aircraft.
– Cyprus aims to attract tourists from a wider range of countries and has been successful during the 2023 tourist season.
– Operational challenges in summer 2022 led Wizz Air to invest in schedule resilience.
– Wizz Air plans to continue growing, with potential new routes and increased frequencies to existing destinations.
– The airline carried 60 million passengers in 2023 and operates a fleet of around 180 aircraft, with plans to grow by 30 to 40 aircraft per year.

Wizz Air carries 2.2 mln passengers from Cyprus

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Wizz Air carries 2.2 mln passengers from Cyprus

Wizz Air carried 2.2 million passengers to and from Cyprus last year, with 11,063 flights or an average of 7.5 daily from its Larnaca hub. This was nearly double the schedule for 2022. Wizz Air increased its Cyprus traffic by 71% from 2022 and contributed to the 11.6 million passengers that used Larnaca and Paphos airports in 2023. The airline offers 31 routes to 18 countries from its Larnaca base and achieved a 99.63% completed flights rate. Wizz Air finished 2023 with over 60 million passengers, a record for the airline and a 32% increase compared to 2022. They launched nearly 100 new routes, took delivery of 32 new aircraft, and achieved their lowest ever average annual carbon intensity result. Wizz Air will be celebrating its 20th anniversary in 2024.