Wizz Air reports first profitable year since pandemic despite Middle East conflict, AOG impact

After a string of net losses following the wake of the COVID-19 pandemic, Wizz Air has returned to profitability in the full financial year ending March 31, 2024. It reported a net profit of €365.9 million, swinging from its net loss of €535.1 million in the previous financial year. It also tops its net profit for the full financial year 2019/20 of €344 million, as Wizz Air had begun to take “various initiatives” to “safeguard” against the COVID-19 pandemic, which was spreading globally towards the end of that financial period. Its total revenues for this last financial period was up