Wizz Air reported its financial results for the first half of the 2025 fiscal year, noting resilient performance despite challenges with the Pratt & Whitney PW1100G engine. The airline is preparing for gradual growth as it gains more visibility in Airbus delivery schedules.
Strong Demand and Steady Revenues
CEO József Váradi stated that Wizz Air’s resilient performance in the first half was supported by strong demand and operational efficiency. The number of passengers rose by 0.8% year-over-year to 33.3 million, and revenue increased by 0.8% to €3.06 billion. Ancillary revenue sources, such as priority boarding and baggage fees, made a significant contribution. Váradi also highlighted strong demand for the “All You Can Fly” annual membership, which sold out within 48 hours.
Cost Management Amid PW1100G Engine Issues
To address rising costs due to the accelerated removals and inspections of PW1100G engines, Wizz Air implemented various cost-cutting measures to handle the financial impact of grounded aircraft. For the second half of the fiscal year, the airline aims to balance costs by focusing on network optimization, fuel efficiency, and operational improvements.
In the first half, Wizz Air had to ground 41 A320neo family aircraft, with an estimated 40-45 more expected to be affected over the next 18 months. To support compensation claims, the airline secured €146.3 million in credits from OEM and other suppliers for incentives and reimbursements.
Future Investments and Fleet Expansion Goals
Wizz Air aims to leverage long-term competitive advantages through investments in its A321neo fleet. As part of its “Wizz 500” strategy, the airline plans to expand its fleet to 500 aircraft over the next decade, with growth expected to accelerate from 15% to 20% annually. In the first half of the 2025 fiscal year, Wizz Air received 15 A321neo aircraft, raising the A320neo family share of its fleet to 63%.
Suspension of Middle East Operations
Amid uncertainties in the Middle East, Wizz Air has suspended operations at Tel Aviv Ben Gurion International Airport until January 2025. However, Váradi remains optimistic, expecting bookings to stay strong for the remainder of the year.
Despite operational disruptions, Wizz Air is taking various steps to control costs and meet passenger demand, continuing on its growth path for the 2025 fiscal year.
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