Old 14th Apr 2020, 09:17
  #425 (permalink)  
Douglas Bahada
Join Date: Sep 2019
Location: Transient
Posts: 7
Central European budget carrier Wizz Air is cutting 1,000 personnel, nearly one-fifth of its staff, after its operation was reduced to a bare minimum by the coronavirus crisis.

The airline says it has been forced to take the “difficult step” to make workers redundant, adding that it has also carried out additional short-term furlough of staff.

Wizz Air has a fleet of Airbus jets and is planning to return 32 older aircraft by the end of 2022-23 as their leases expire, as part of its measures to trim costs and improve liquidity.

It states that its balance sheet is still “very strong” with “excellent” liquidity including €1.5 billion in cash.
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