European low-cost carrier Wizz Air reported a net profit of €183 million ($199 million) for the financial year ended March 31, 2015, more than double the €88 million profit reported for the previous financial year. The airline attributes this strong performance to capacity expansion, rigorous cost control and a determination to allocate capacity to the most profitable parts of its network. Wizz Air CEO Josef Varadi said: “The last 12 months have been an exciting period for ...

Subscribe to Access this Entire Article

"Wizz Air posts record profit in FY2015" 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.