Central and Eastern European LCC Wizz Air’s net profit for 2017-18 rose 22.1% to hit €275 million ($322.4 million), exceeding its guidance. Wizz Air CEO József Váradi described 2017-18 as “another year of investment and driving efficiencies,” creating the foundations for Wizz to become Europe’s cost leader. Over the 12 months ending March 31, Wizz opened 95 new routes and carried 29.6 million passengers—24.7% up on the prior ...

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