Wizz Air Named CAPA Low Cost Airline Of The Year
This award is given to the low cost airline that has been the biggest standout strategically, established itself as a leader, been most innovative, and provided a benchmark for others to follow.
Wizz Air CEO Jozsef Varadi accepted the award from Mr Harbison.
Wizz Air was selected by the judging panel for its consistent strong performance and rapid growth in a challenging region. Capacity was up 20% in the last fiscal year. Wizz Air is now the market leader in Hungary, Romania and Macedonia and has a strong presence throughout Central/Eastern Europe including in Poland, Bulgaria, Lithuania and Latvia.
“Wizz Air has been a standout in Europe for several years and particularly since its 2015 IPO,” Mr Harbison said. “Wizz Air has been profitable for seven consecutive years, has the highest ancillary revenues per passengers in Europe and has among the lowest unit costs in Europe.”
CAPA noted that Wizz Air’s market share in Central/Eastern Europe is now approaching 45%, an impressive achievement given the competitive landscape and large number of countries in the region. Wizz has doubled its passenger traffic over the last five years and now serves more than 100 destinations with a fleet of over 70 aircraft.