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Wizzair-2

Old 26th Sep 2020, 18:56
  #581 (permalink)  
 
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The UK government handed over £300m to Wizz when they clearly didn’t need the money while UK firms face bankruptcy.
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Old 26th Sep 2020, 19:49
  #582 (permalink)  
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Originally Posted by LTNman View Post
The UK government handed over £300m to Wizz when they clearly didn’t need the money while UK firms face bankruptcy.
Didn't Ryanair get £600m, what's your point?
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Old 26th Sep 2020, 20:17
  #583 (permalink)  
 
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Originally Posted by LTNman View Post
The UK government handed over £300m to Wizz when they clearly didn’t need the money while UK firms face bankruptcy.
They met the criteria set by HMG. And they are listed on the London Stock Exchange.
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Old 26th Sep 2020, 21:28
  #584 (permalink)  
 
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So? Who’s to blame? UKGOV for paying or Wizz for taking?
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Old 26th Sep 2020, 21:39
  #585 (permalink)  
 
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Originally Posted by pabely View Post
Didn't Ryanair get £600m, what's your point?
Yes they did when Ryanair had £4.1bn cash in the bank. The point is they didn’t need the money. Also noted that the Irish government refused to give them a penny.
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Old 26th Sep 2020, 21:40
  #586 (permalink)  
 
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Originally Posted by LTNman View Post
The UK government handed over £300m to Wizz when they clearly didn’t need the money while UK firms face bankruptcy.
The knowledge of the finances of Wizzair comes from where exactly ?

UK Govt set the guidelines and IF a business met them then funding was supplied. If they have done anything illegal then perhaps it would be good to raise it. The fact you do not like it is not I believe a valid reason under HMG proposals.
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Old 26th Sep 2020, 21:42
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Originally Posted by LTNman View Post
Yes they did when Ryanair had £4.1bn cash in the bank. The point is they didn’t need the money.
Based on what exactly ?
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Old 26th Sep 2020, 21:55
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Are the “hand outs” being referred to not loans? and made available to all qualifying Airlines
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Old 27th Sep 2020, 07:57
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Anyone thinking that WZZ or any other airline in this situation doesn’t need cash is deluding themselves in the current situation. They managed to reduce their cost base by 85% in Q2 granted, but have deferred a lot of costs and bookings down the line.

My understanding is that they qualified for this loan as they were registered in a U.K. territory. They also have a UK AOC which keeps 100s of people directly employed. It needs to be paid back and EZY have been very upfront with their need to structure in their repayments.

They are almost going to build their way out of their “recession” rather than their competitors who are hunkering down. The proof will be in the pudding if it pays off.

Of course the original comment to this nature above was never about said posters political opinions about the typical Wizzair customer...
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Old 27th Sep 2020, 08:50
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Really, at this point you could really forecast anything. There is really no way of knowing, but next summer will be crucial for a number of airlines. Whether this is hope or expectation, we’ll know next year, but they boldness this summer backfired in some cases and have now come to the realisation that the winter is going to be rather difficult.
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Old 27th Sep 2020, 12:56
  #591 (permalink)  
 
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Originally Posted by toledoashley View Post
Really, at this point you could really forecast anything. There is really no way of knowing, but next summer will be crucial for a number of airlines. Whether this is hope or expectation, we’ll know next year, but they boldness this summer backfired in some cases and have now come to the realisation that the winter is going to be rather difficult.
It is a fair point of view. Potentially a cultural difference in understanding different markets and how they operate. They would not be the first to do that.

Hunkering down and saving cash because you see what is in front of you can be a good or bad strategy depending on what is happening in market. In this case it is a good strategy because all the same messages are everywhere, the mistake is mis interpreting the message and assumming yopu know different.
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Old 5th Oct 2020, 20:06
  #592 (permalink)  
 
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In September, Wizzair carried 1.568m pax (2019 3.817m) at a load factor of 64.6% (94.5). Only half its capacity will be flown in October.
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Old 8th Oct 2020, 18:01
  #593 (permalink)  
 
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Oslo will be a new base (2 A321) with domestic routes to Bergen, Trondheim and Tromso starting November.

Rzeszow will be the 9th Polish airport in the network. New flights to Eindhoven starting 6th November.
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Old 11th Oct 2020, 12:16
  #594 (permalink)  
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With the Red Node short haul fleet (5 LGW based pre-COVID?) appearing not to be returning to LGW, will Wizzair make them an offer for slots they cannot refuse?
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Old 26th Oct 2020, 12:05
  #595 (permalink)  
 
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Blue Swan report that Wizzair is hitting out at Norwegian by launching more domestic routes:

https://corporatetravelcommunity.com...rway-services/
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Old 26th Oct 2020, 13:06
  #596 (permalink)  
 
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Wizz begins new Liverpool to Chisinau route this evening, using A321neo
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Old 26th Oct 2020, 14:50
  #597 (permalink)  
 
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Big demand before Brexit kicks in?

Last edited by LTNman; 26th Oct 2020 at 16:30.
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Old 26th Oct 2020, 19:40
  #598 (permalink)  
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I thought another report said 20 based, not 20 slots?
https://www.thisismoney.co.uk/money/...k-flights.html
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Old 27th Oct 2020, 18:25
  #599 (permalink)  
 
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Bari will be a new base with 1 a/c and Cluj base will be expanded
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Old 27th Oct 2020, 22:06
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Trying to work out whether increased flights from Luton to Canaries are increases or just full resumption of orginal services, they now fly twice a week from London Luton Airport to Lanzarote and Fuerteventura and three times per week to Gran Canaria and Tenerife........
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