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 ...

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