W6 Financial Performance
Financial Performance
While attempting to hasten SkyEurope's demise in June 2009, Wizz Air claimed it has been "profitable for several years". However, as a private company it is not required to publish its financial accounts. In November 2009, it emerged Wizz Air is significantly loss making and has never made a profit while delaying the pay back of €32 million of debt by five years. Losses since commencing operations total €78 million.
In December 2009 Wizz Air was rated the European airline most likely to next go bust, according to a firm of bookmakers.
anybody has to say something about it?