Eastern European low-cost carrier Wizz Air reported a first-quarter net income of €50.7 million ($56 million), up 54.2% from a €32.9 million profit in the year-ago period. Wizz Air CEO József Váradi said the results demonstrate the resilience of the airline’s business model. Over the three months to June 30, Wizz Air’s ticket revenues increased 3% to €212 million, but ancillary revenue was up 20.8% at €152.9 million—forming a high ...

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