Central and Eastern European low-cost carrier (LCC) Wizz Air reported a net profit of €246 million ($258.3 million) for the financial year ended March 31, up 28% compared to net profit of €193 million in the previous financial year. The Hungarian LCC attributed the results to capacity expansion, higher load factors, greater passenger growth and continued improvements to its ultra-low-cost base. “The resilience of our ultra-low-cost business model, which we are convinced is ...

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