Wizz Air

Wizz Air Hungary
IATA ICAO Callsign
W6[1] WZZ WIZZ
Founded September 2003
Operating bases
Subsidiaries None
Fleet size 65
Destinations 117
Company slogan Now we can all fly.
Parent company Wizz Air Holdings Plc
Headquarters Budapest, Hungary
Key people William Franke, (Chairman)
József Váradi, (CEO)
Diederik Pen, (COO)
Revenue €1.00 billion (2014)
Operating income €0.11 billion (2014)
Net income €0.09 billion (2014)
Website wizzair.com

Wizz Air Hungary Ltd. (Hungarian: Wizz Air Hungary Légiközlekedési Kft.) is a Hungarian[2] low-cost airline with its head office on the property of Budapest Liszt Ferenc International Airport in Budapest. The airline typically uses secondary airports serving many cities across Europe, Israel and the United Arab Emirates.[3] It has the largest fleet of any Hungarian airline, although it is not a flag carrier, and currently serves 35 countries.[3] Its Jersey based parent company, Wizz Air Holdings Plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

Wizz Air logo used until 2015.
Wizz Air Airbus A320 in old livery, operated by former subsidiary Wizz Air Bulgaria

The airline was established in September 2003. The lead investor is Indigo Partners, an American private equity firm[4] specialising in transportation investments. The first flight was made from Katowice International Airport on 19 May 2004.[5]

The airline's CEO and chairman is József Váradi, former CEO of Malév Hungarian Airlines. The company is registered in Pest County (Hungary).[6]

In 2011, Wizz Air carried 11 million passengers (15% more than in 2010), including 4.2 million passengers on Polish routes (only 2% more than in 2010). Recently Wizz opened new bases in Bosnia-Herzegovina, Bulgaria, Czech Republic, Latvia, Lithuania, Macedonia, Romania, Serbia and Slovakia. However, Poland is still the largest market for Wizz Air.[7]

On 4 October 2012, Wizz Air launched a new cabin bag policy to encourage customers to bring smaller baggage on-board following a successful month-long trial on the London Luton and Katowice route. This means that a smaller (42x32x25cm) cabin bag can be taken on board for free; larger cabin bags (56x45x25cm) would incur a fee varying between €10 or €30.[8]

In 2014, Wizz Air carried 15,8 million passengers (17% more than in 2013).[9]

Corporate affairs

Cabin of a Wizz Air Airbus A320-200

Operations

Wizz Air prefers to land at smaller or secondary airports to reduce costs and fees. The airline also has a buy on board service called Wizz Café and a shopping service called Wizz Boutique.[10]

Head office

Wizz Air has its Headquarters in Building 221 of Budapest Liszt Ferenc International Airport in Budapest.[11] Wizz Air signed the lease agreement in October 2010 and moved there in June 2011. The airline occupies over 2,000 square metres (22,000 sq ft) of space in an office building refurbished after the airline's arrival. The facility, with open plan offices, houses about 150 employees.[12] Previously, its head office was in the Airport Business Park C2 in Vecsés, close to the airport.[13]

Financial performance

While attempting to hasten SkyEurope's demise in June 2009, Wizz Air claimed it had been "profitable for several years".[14] However, as a private company it is not required to publish its financial accounts - annual reports are still available. In November 2009, it emerged that Wizz Air was significantly loss-making and had never made a profit while delaying the pay-back of €32 million of debt by five years.[15] Losses since commencing operations total €78 million, which, in 2009, fueled suggestions that the airline would file for bankruptcy.[16] Since then Wizz Air reported record profits in 2012,[17] profits in 2013 and record profits in 2014.[18] Wizz Air has the second lowest CASK (cost per available seat km) among European airlines.[18]

According to the Hungarian weekly magazine Figyelő, Wizz Air ranks as the 42nd company in Hungary in revenues in 2010. Wizz Air posted sales of HUF165 billion in 2010, which was an increase of 22% compared to the previous year.[19]

On 25 February 2015 Wizz Air started trading on London Stock Exchange.[20]

Destinations

Main article: Wizz Air destinations
Wizz Air destinations as of January, 2016

Wizz Air operates from 22 bases as of January 2015, the latest addition to them being Tuzla Airport.

Wizz Air started new services between Katowice and London Gatwick in 2008.[21] In January 2008, flights started from Gdansk to Gothenburg, Bournemouth and Coventry. In summer 2008, Wizz Air restarted the summer only services from Katowice and Budapest to Girona, as well as a new weekly service to Girona from Gdańsk. Other summer services from Budapest are Heraklion, Corfu, Burgas and Varna, from Katowice to Crete-Heraklion and Burgas, Warsaw to Corfu and Burgas. They also restarted the three-times weekly service from London Luton to Burgas. On 2 October 2008, Wizz Air announced that a number of its Romania services would have increased frequency following an order for three Airbus A320 aircraft.[22]

In February 2012, Wizz Air announced that it would start flights from Debrecen International Airport to London, beginning 18 June 2012.[23] On 11 September 2012, Wizz Air announced new routes to and from Tel Aviv, Israel.[24]

On 11 April 2013 Wizz air announced that it would start flights from Budapest Airport to Baku Heydar Aliyev International Airport starting from 17 June 2013.[25] It will become the furthest of Wizz Air's destinations. The airline will push further again from late October 2013 when it is set to become one of the first airlines to operate from Dubai World Central Airport. On 13 June 2013, Wizz Air announced entry on the Moldovan market adding two new routes from Chişinău International Airport starting from September 2013. On 26 June 2013, Wizz Air announced entry on the Slovakian market adding one new route from Košice International Airport starting from September 2013.[26]

On June 26. 2015. airline opened its 19th base at Tuzla International Airport in Bosnia and Herzegovina and deployed one new Airbus A320 aircraft at the airport. With one aircraft stationed at the airport Wizz Air opened new routes to Memmingen (near Munich) and Torp (near Oslo), commencing on June 26, 2015, as well as to Hahn (near Frankfurt) and Skavsta (near Stockholm) commencing on June 28, 2015.[27]

In February 2016 Wizz Air announce new base at David the Builder Kutaisi International Airport (Kutaisi, Imereti, Georgia). On February 19, Wizz Air director general József Váradi will visit Kutaisi and present detailed information about the new base and future operations of the airline.[28]

Fleet

HA-LYS, Wizz Air Airbus A320-200 in current livery

As of January 2016, the Wizz Air fleet consists of the following aircraft:[29]

Wizz Air Fleet
Aircraft In fleet Orders Passengers Notes
Airbus A320-200 63 11 180
Airbus A321-200 3 24 230 Deliveries from 2015. the first two A321s for Wizz Air registrations are HA- LXA, HA- LXB and HA- LXC .
Airbus A321neo — 110[30] 239 Deliveries from 2019 to 2024, single largest A321 order
Total
66
145
 — —

Subsidiaries

As of April 2015, Wizz Air had created sub-divisions in three countries in the past, of which none still exist:

Incidents

See also

References

  1. ↑ "IATA - Airline and Airport Code Search". iata.org. Retrieved 1 May 2015.
  2. ↑ "Hungarian Wizz Air Opens Fifth Hub in Poland". Business Week. Retrieved 2008-03-20.
  3. 1 2 "Wizz Air". wizzair.com. Retrieved 13 June 2015.
  4. ↑ "Ryanair meets Wizz Air: does a merger make sense?". 2009-07-08. Retrieved 2009-07-28.
  5. ↑ "Wizz Air celebrates 10th birthday and 69 million passengers". Anna Aero. 21 May 2014. Retrieved 13 June 2015.
  6. ↑ "Company information (official registration number 13-09-096209)". Retrieved 16 February 2009.
  7. ↑ "Wizz Air: 15% wzrost, w Polsce tylko 2%". Retrieved 2011-01-07.
  8. ↑ "Wizz Air launches new cabin baggage policy". Wizz Air. 3 October 2012. Retrieved 13 June 2015.
  9. ↑ "A WIZZ AIR 15,8 MILLIÓ UTAST SZÁLLÍTOTT 2014-BEN 17%-OS NÖVEKEDÉSSEL". Retrieved 2015-04-20.
  10. ↑ "Wizz Café and Wizz Boutique." Wizz Air. Retrieved on 3 February 2012.
  11. ↑ "Company overview." Wizz Air. Retrieved on 11 December 2011. "Wizz Air Hungary Airlines Ltd. BUD International Airport Building 221 H-1185 Budapest"
  12. ↑ "Property development." (Archive, also see image) Budapest Liszt Ferenc International Airport. Retrieved on 11 December 2011.
  13. ↑ "Company information". Retrieved 25 October 2009. "Wizz Air Hungary Airlines Ltd. Airport Business Park C2, Lőrinci út 59 2220 Vecsés, Hungary"
  14. ↑ "While SkyEurope is sinking, Wizz Air is stretching wings". 29 June 2009. Retrieved 1 December 2009.
  15. ↑ "Maďarský Wizz Air skončil v desaťmiliónovej strate". 2009-11-26.
  16. ↑ "WizzAir suffers €9.5 million in losses". 27 November 2009. Retrieved 1 December 2009.
  17. ↑ "Why Europe's second lowest cost producer may be looking for fresh capital". 3 April 2013. Retrieved 3 April 2013.
  18. 1 2 "CAPA Profiles Wizz Air: growing at 15% annually, one of Europe's most profitable airlines "not desperate" for IPO". 19 September 2014. Retrieved 20 April 2015.
  19. ↑ "Wizz Air among the 50 largest companies in Hungary". Portfolio.hu. 22 July 2011. Retrieved 22 July 2011.
  20. ↑ "LONDON STOCK EXCHANGE TODAY WELCOMED WIZZ AIR HOLDINGS PLC". 25 February 2015. Retrieved 4 April 2015.
  21. ↑ "Wizz Air launches London Gatwick – Katowice flight". 2007-08-09. Retrieved 2008-05-05.
  22. ↑ "Wizz Air adds three new A320 aircraft and doubles capacity in Romania – 15 new routes in the next six months".
  23. ↑ "Wizz Air begins flights between Debrecen and London from 18 June 2012".
  24. ↑ "Wizz Air Launches Low Fares to/from Israel".
  25. ↑ "WIZZ AIR ENTERS AZERBAIJAN". wizzair.com. Retrieved 13 June 2015.
  26. ↑ "Wizz Air will start the route Košice-London in September! - Airport Košice". airportkosice.sk. Retrieved 13 June 2015.
  27. ↑ http://worldairlinenews.com/2014/11/08/wizz-air-to-establish-its-19th-base-at-tuzla-in-bosna-herzegovina/
  28. ↑ "Wizz Air opens base at Kutaisi International Airport". Agenda.ge. 4 February 2016. Retrieved 5 February 2016.
  29. ↑ "Fleet age Wizz Air - Airfleets aviation". airfleets.net. Retrieved 13 June 2015.
  30. ↑ "Flugzeugbauer sichert sich Milliardenauftrag". Retrieved 11 September 2015.
  31. ↑ "WIZZ AIR UKRAINE ANNOUNCES 3RD LOW FARES BASE". wizzair.com. Retrieved 13 June 2015.
  32. ↑ "WIZZ AIR FURTHER RESTRUCTURES UKRAINIAN OPERATIONS". wizzair.com. Retrieved 13 June 2015.
  33. 1 2 "Wizz Air Bulgaria - ch-aviation.com". ch-aviation. Retrieved 13 June 2015. horizontal tab character in |title= at position 21 (help)
  34. 1 2 "Wizz Air Romania - ch-aviation.com". ch-aviation. Retrieved 13 June 2015. horizontal tab character in |title= at position 20 (help)
  35. ↑ "Wizzair W6 3141 Bucharest – Rome emergency landing". planecrashes.org. Retrieved 13 June 2015.
  36. ↑ Andrew Frye (8 June 2013). "Wizz Air Flight Makes Emergency Landing in Rome". Bloomberg.com. Retrieved 13 June 2015.
  37. ↑ "Wizz Air jet makes safe emergency landing in Rome". Yahoo News. 8 June 2013. Retrieved 13 June 2015.

External links

Media related to Wizz Air at Wikimedia Commons

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