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Old 4th Jun 2020, 07:52
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TBSC
 
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Also the final report about the fiscal year ending on 31MAR is out. Profit of 345 million euros (up 29.9%), 40 million passengers (up 15,8%), cash of 1496 million euros reported.

However the deputy CEO (EVP/Managing Director of Wizz Air Hungary Stephen Jones) is leaving, 64 million euros lost of fuel hedging, fleet growth is cut back with seven aircraft for this year (compared to the last one published in January, eight 321neos and six 320neos to be delivered, four 320ceos to be returned). Also MAY traffic statistic is out today, 6% of the capacity operated with 61% load factor (mind you, the load factor Wizz reports is not the actual number of passengers boarded - as that would be around 10% or less - but seats sold), revenue -95.8% compared to MAY2019.
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