Wizz Air

Business Overview

Wizz Air is an award-winning, ultra-low-cost European airline1 and the largest value carrier in Central and Eastern Europe2 on the basis of scheduled departing seat capacity.

Wizz Air provides low-cost air transportation services on scheduled short-haul and medium-haul point-to-point routes across Europe and into the Caucasus and the Middle East. Wizz Air was established in September 2003 and as at the end of H1 fiscal year 2016, operated from 21 bases in 10 CEE countries with flights to 112 destinations on over 390 routes in 38 countries. Wizz Air carried in excess of 16.5 million passengers on more than 100,000 flights in the financial year ended 31 March 2015 and, as of 31 October 2015, had carried more than 100 million passengers since the start of its operations on 19 May 2004.

In 2015, Wizz Air shares were successfully floated on the London Stock Exchange and the company’s valuation puts it in the FTSE 250. The ticker symbol is WIZZ.

1 The Company considers ULCCs to be a sub-set of low-cost carriers which distinguish themselves by using a business model with an intense focus on low-cost, efficient asset utilisation and unbundled revenue sources aside from ticket prices with multiple products or services offered for additional fees.

2 CEE is a region comprised of Albania, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, Hungary, Kosovo, Latvia, Lithuania, Macedonia, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Ukraine.