Central and Eastern European LCC Wizz Air reported a third-quarter net profit of €14 million ($16.8 million), down 57% on the year-ago period, despite strong ticket and ancillary revenues as well as passenger growth. Revenue for the quarter ended Dec. 31, 2017 was €422.9 million, up 24% year-over-year (YOY). Operating expenses climbed 25.4% YOY to €408.2 million, reflecting sharp rises in labor and fuel expenses (up 28.6% and 33.4%, respectively). Wizz Air’s ...

Subscribe to Access this Entire Article

"Wizz Air 3Q profit falls 57% on rising fuel, labor expenses " is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.