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Wizz Air

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Wizz Air

Wizz Air CEO, József Váradi
Wizz Air CEO, József Váradi
IATA Code
W6
ICAO Code
WZZ
Corporate Address
Wizz Air Hungary Airlines Ltd.
BUD International Airport Building 221
H-1185 Budapest
Website
http://www.wizzair.com
Main hub
Budapest Ferenc Liszt International Airport
Country
Hungary
Business model
Low Cost Carrier

Wizz Air is a low-cost carrier based mainly in Budapest but has hubs throughout Eastern Europe, including at airport in Gdansk, Poznan, Katowice, Warsaw, Wroclaw, Prague, Bucharest, Cluj, Kiev, Timisoara and Sofia. Wizz Air Group includes three operating airlines: Wizz Air Hungary, Wizz Air Bugaria and Wizz Air Ukraine. The airline has seen rapid growth since its 2004 inception, and is Central Europe's largest LCC, handling almost 10 million passengers in 2010.  Wizz Air operates on over 150 routes across Europe, using predominantly secondary airports, and the carrier is continuously looking at opportunities to expand its network of destinations and provide low-cost air transport to and from Central and Eastern Europe.

Location of Wizz Air main hub (Budapest Ferenc Liszt International Airport)

Source: CAPA - Centre for Aviation and Google Maps


 
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246 total articles

6,129 total articles

After Malev's grounding, Hungary could become large LCC market with Wizz Air and Ryanair moving in

5-Feb-12 5:16 PM

Low-cost carriers, in particular Wizz Air and Ryanair, stand to benefit the most from the 03-Feb-2012 suspension of services at Hungarian flag carrier Malev. Budapest-based Wizz Air was already the second largest carrier in the Hungarian market and has now become the country’s largest carrier. Ryanair, which only late last month unveiled plans to resume service to Budapest, will become within a few months the second largest carrier in Hungary in the post-Malev era.

Lufthansa, as the largest remaining legacy carrier in the Hungarian market, is also poised to benefit from Malev’s grounding. Malev had accounted for a 47% share of capacity (seats) in its home market. Most of this share will be absorbed by LCCs although total traffic at Budapest Liszt Ferenc International Airport, which is owned by a private consortium led by Germany’s Hochtief, will likely decrease as its status as a transit hub is lost. Malev had been pushing to raise Budapest’s profile as an international hub, focusing on east-west connections. Malev's collapse saw oneworld overnight drop from the leading alliance in Hungary to the third largest after Star Alliance and SkyTeam.

LCCs and unaligned carriers take greater share of global aviation again in August 2011

11-Aug-11 3:28 PM

The world's low-cost carriers (LCC) and airlines not part of the global alliances have taken market share away from the leading global groupings again this month, continuing a theme of recent months. Over the past 12 months, LCCs have increased their share of global aviation (in terms of seats per week) from 22.9% in Aug-2010 to 23.8% in Aug-2011, while the un-aligned carriers have risen from 27.6% to 28.8%. Over the same period, Star Alliance's share has fallen 0.9 ppts to 23.1%, while oneworld has lost 0.8 ppts to 10.2%. SkyTeam has seen its share drop 0.3% to 14.1%, according to Innovata schedule data.

Global LCC rankings: Jun-2011. Unaligned carriers and LCCs gain greater share of global aviation

5-Jul-11 1:35 PM

The world's low-cost carriers (LCC) and airlines not part of the global alliances have taken market share away from the leading global groupings this month. Over the past 12 months, LCCs have increased their share of global aviation (in terms of seats per week) from 23.1% to 23.8%, while the un-aligned carriers have risen from 27.3% to 29%. Over the same period, Star Alliance's share has fallen 1.1 ppts to 23%, while oneworld has lost 0.9 ppts to 10.2%. SkyTeam, which has added China Eastern and Shanghai Airlines to the fold lately, has seen its share drop just 0.4% to 14%.

Global LCC Rankings: Jun-2011. Jetstar's capacity surge drives it into world's Top 10

6-Jun-11 5:00 PM

Southwest remains the world's largest LCC in Jun-2011, though Ryanair is progressively closing the gap, with another 20%+ surge in capacity this month. There was no change in the Top 10, with the exception of Jetstar which moved into tenth position with a 20.5% year-on-year surge in capacity. In doing so it relegated Virgin Australia out of the top flight. Virgin's 6.3% reduction in ASKs dropped it down three positions to 13th largest.

Wizz Air and Ryanair intensify competition in Lithuanian market

2-May-11 3:35 PM

Wizz Air opened its 14th base in Vilnius, Lithuania, on 16-Apr-2011. Wizz Air’s expansion comes as Ryanair also expands in the Lithuanian market, with six new routes to be launched to/from Vilnius in May-2011. The entry of two of Europe’s largest LCCs has resulted in airBaltic downsizing its presence at Vilnius “due to crowding” in the market. Vilnius remains the second-busiest airport in the Baltic region, behind Riga International Airport.

Finland to see structural changes in air traffic. Upswing in LCC operations

6-Apr-11 4:23 PM

A record number of new routes from Finland to destinations in Europe have commenced as part of the summer 2011 season, driven by an increased LCC offering. As Norwegian CEO Bjorn Kjos stated last month upon the opening of a base in Helsinki, “the boom of low-cost flights is especially apparent in central Europe and in several Nordic countries. The structural changes to air traffic in Finland are only just beginning”.

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