Wizz Air Plummets To Loss But Eyes Up Expansion On The Horizon
“Wizz Air Holdings PLC (LON:WIZZ), the jaunty low-cost challenger couldn’t escape the gut-wrenching turbulence the pandemic has caused for the airline industry. It’s plummeted to a net loss of €576 million after rolling travel restrictions across Europe were imposed as infection rates peaked at different rates across the region. The airline’s revenue plunged by more than 73% to €739 million, as a loss of confidence among the travelling public also dented booking rates. Passenger numbers fell 75% to ten million. Q1 2021 hedge fund letters, conferences and more Wizz Air Hit By Travel Restriction...