Low-cost carrier Wizz Air recently posted a record first half profit for the 2020 financial year (April – September) amounting to 371.5 million euros. The Budapest-based company could soon take over from Ryanair as Europe’s most profitable airline group by operating margin.
However, while Wizz was profitable on all of the markets it served during the first half of the financial year, with exception to Morocco, it saw its profits decrease in six countries compared to H1 2018, with two of them being Serbia and Bosnia and Herzegovina.
The biggest profit growth was recorded in Moldova, with margins increasing 72%, while the largest increase in profits was on routes to/from the United Kingdom, where they grew by eleven million euros.
However, overall, Romania was the most profitable country market where route profits totaled 58 million euros.
According to the airline performance analysis platform Apex, Wizz registered an operating profit of some 3.6 million euros in Serbia between April and September, where it maintains a base in Belgrade.
The figure represents a decrease from four million euros during the same period last year, or a decline of 8%. In Bosnia and Herzegovina, where it boasts a base in Tuzla, profits on routes totalled 2.4 million euros, down from 2.5 million euros or a decrease of 5%. During the said period, Wizz Air launched a new seasonal service from Belgrade to Lyon and increased frequencies and capacity on several routes from the Serbian capital. At the same time, it maintained a similar number of flights from Tuzla as last year, Ex-Yu aviation news reports.
