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.

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Location: Montreal, QC, Canada

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