With the rise in aviation kerosene and the summer summer schedule, the Hungarian low-cost airline Wizz Air lowered its profits to record a record high post-tax profit in the first financial year ending 30 September.
According to airline's announcement Wednesday, the company has increased passenger transport by 20 percent to 18.8 million compared with the first half of 2017 and has increased its revenue to the same extent to 1.3 billion euros. Within this, day-to-day sales were 25, which is 12.5% more than in the same period last year. During the summer timetable, flight delays were mainly due to airspace and airspace problems, due to additional costs and high kerosene costs, Wizz Air's costs were 28% higher than the one-year level. For Kerosene, the company spent 43 percent more than last year.
Operating profit declined by 1.9 percent to EUR 300 million, but due to the positive balance of financial transactions, the company's profit after tax improved by 1.2 percent to EUR 296 million and reached a new result. However, due to the constant rise in kerosene and additional delayed costs, Wizz lowered the expected profit level at the end of the financial year from the previous EUR 310-340 million contract and now expects an increase of EUR 270-300 million on 31 March next year.