Wizz Air CEO Confident About Post-Crisis Outlook

A Wizz Air A321neo taxing at Milan Malpensa Airport. (Photo: AirlineGeeks | Fabian Behr)

The dramatic drop in demand and the restrictions on international travel caused by the COVID-19 pandemic are devastating the finances of most airlines around the world. Carriers in the U.S. are receiving billions of dollars in grants and loans, Norwegian Airlines, Virgin Australia and South African Airlines are facing bankruptcy and other airlines like Alitalia are being re-nationalized.

While aviation analysts are wondering how the new reality emerging in the post-pandemic world will affect the profitability and the survival itself for low-cost carriers, since discretionary spending is likely to be considerably reduced by the impending economic depression, Jozsef Varadi, CEO of European ultra-low-cost carrier Wizz Air, feels very confident that his company not only will be able to survive the crisis but will also be able to take advantage of new opportunities created by the emergency.

Read more on Airlinegeeks.
Location: Montreal, QC, Canada

Comments

Post a Comment

Popular posts from this blog

Delta Accused Of Penalizing Pilots Requesting Simulator Training After COVID-19 Hiatus

Image
A Delta A350-900XWB in Los Angeles (Photo: AirlineGeeks | William Derrickson) As airlines slowly try to resume a semblance of normality after the collapse of demand experienced during the peak months of the COVID-19 pandemic, more and more issues are surfacing with regards to crew proficiency. Some Delta Air Lines pilots have been reporting that the airline has been punishing them for requesting some retraining in company-owned simulators before returning to the air, the financial magazine Forbes reports. However, the airline has denied any wrongdoing. Read more on Airlinegeeks .  
Read more

IATA Medical Advisor Reports Studies Concluding Air Travel Is Still Safe

Image
A passenger with a mask waits at an airport. (Photo: Pexels)  The International Air Transport Association (IATA), a trade organization that is made up of 290 airlines around the world representing 82% of worldwide traffic, has intensified its efforts to inform the traveling public about the actual level of risk that is involved in traveling on commercial aircraft. Medical Advisor Dr. David Powell on Aug. 23 took part in a question-and-answer session promoted by Aviation Week to report the results of the most recent published and unpublished scientific studies that have researched the actual incidence of COVID-19 proximity spread onboard an aircraft. Read more on Airlinegeeks .
Read more