Hi there,
Definitely oil crises will affect also Wizzair but I think they will maintain their plans and move forward. I believe that Eastern Europe its not so weak and people we'll continue travel around even if they must pay higher prices. Fuel price it is affecting not only airline industry and traveling by plane will be more expencive but there is no doubt that is also much more faster than any other means of transportation and we all know that everyone nowadays live against the clock. As for turism, people in ex comunist countries are just now starting (more or less) to enjoy spending vacations abroad and I'm sure they wont give up easily to this even if they must pay more to reach their favorite destination. Also the prices for routes inside country (at least in Romania) are competing with railway transportation prices, the advantage being speed and confort.
I have noticed an increase of wizz prices starting with august but are still affordable and competitive.
bfs to ktw scrapped.. it looks like cvt might be in sept does anyone know if any other uk airports going to be affected, hopefully they'll come back later.
Does anyone know what is happening at wizz ? All flight to / from katowice are cancelled though Budapest and other Polish seem to be running. I spoke to the coach co who operate the Wizz Katowice / Krakow shuttle and they told me they had done no shuttles since friday !
It was Ryanair that planned a base there. Some sources say, however, that in Wroclaw (Poland) Wizzair will be first. If true, the announcement on a new Airbus to be based in this airport due tomorrow.
Edit: Nope, nothing as yet. Seems to be somebody's speculation only.
Wizz Air opens its 10th base in Timisoara, Romania
Wizz Air announced at a press conference today that it would open its 10th operating base in Timisoara, Romania in March 2009.
London Luton 3 flights/week 17 December 2008
Rome Fiumicino 3 flights/week 17 December 2008
Dortmund 3 flights/week 17 December 2008
Milan Bergamo 3 flights/week 11 March 2009
Barcelona 3 flights/week 11 March 2009
Paris Beauvais 2 times/week 11 March 2009
Valencia 2 times/week 11 March 2009
Venice Treviso 3 times/week 11 March 2009
Wizzair seem to have changed their minds in the Ukraine yet again, with Zaporozhye and Kharkov disappearing out of the schedule for the second time, and a big shuffle round with regards to the remaining flights in the winter schedule.
This seems to leave three domestic routes (Kiev to Simferopol, Lviv and Odessa)
running four times a week each (on the same days), and no flights at all on Tuesday, Thursday or Saturday.
I'm guessing by this that the planned international flights will operate on the empty days... any ideas when this will be announced? Also, I feel a bit sorry for those who may be interested in using the domestic routes, as things have been chopped and changed there four times now!
Still, can't wait to get out to the Ukraine if/when Wizz start flying to London!
Seems to me that Wizz is showing all the classic signs of an airline running out of cash. Routes announced started and cancelled or rejigged at short notice all over the place. Not enough fat in business to build what was thought only a few weeks ago by Wizz to be a viable route.. More to come on this for sure. Long faces for Wizz later this year and smiles at RYR as they swoop to pick some of the cherries is my bet for late October.
FF
showing all the classic signs of an airline running out of cash
A very interesting question. We know much more about the financial status of many other airlines, but Wizzair is not being listed on financial market, hence they do not have to present any results to the public. For example we recognize the troubles of SkyEurope out there, but what about WIZZ? Generally, W6 has been perceived as bearing-up airline, due to their low-cost structure and good management style. How much impact the rise of fuel costs and the declining demand are having on their economy at present? I'm not very convinced to draw any conclusions based upon the route "jiggling" as long as these are made mostly in Ukraine, a new market that significantly differs from the EU market (including CE Europe). Low-cost flying is something the average citizen of Ukraine is probably still unaware of.
Did you ever do any business with ukrainians or Ukraine? Don't think so...
Does Ryanair fly to/from Ukraiane, Bulgaria or Romania? They will leave Hungary for the winter, only a few routes are overlapping in Poland. Why would they smile then even if something is happening with W6??
Hi TBSC, Yes have ben to Ukraine several times on (aviation) business, in fact all over the eastern block.
But thats not my point, as I said I think Wizz is showing signs of cash shortage - which will mean their shrinking business to preserve cash, which is what we have already seen this year.
I expect more giving up routes that are marginal for Wizz and which may be beneficial to RYR.
Either way my bet is you will start to see more evidence of cash shortage at Wizz and elsewhere at the end of the summer season when forward bookings and hence cash in the bank is at its lower mark.
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