Wizz Air Holdings (GB:WIZZ) has released an update.
Wizz Air Holdings PLC reports a triumphant return to profitability in the fiscal year 2024 with revenues soaring by 30.2% and passenger numbers increasing by 21.4%. The airline, celebrating its 20th anniversary, significantly improved its EBITDA to €1.2 billion and strengthened operational performance, despite facing industry challenges like supply chain disruptions and geopolitical instability. The company’s focus on efficiency, load factors, and cost-reduction contributed to this positive outcome while maintaining a strong cash reserve after repaying a €500 million bond.
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