European low-cost carrier Wizz Air reported a net profit of €193 million ($218.2 million) for the financial year ended March 31, 2016, up 5% compared to the €183 million net profit reported for the previous financial year. The airline attributed the results to a strong operating performance across all key metrics, driven by capacity expansion, passenger growth and continued improvements to its ultra low-cost base. “We continue to build on our market leadership in Central ...

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