With the possibility of a no-deal Brexit on the horizon, a falling pound and consumer uncertainty, the European air travel market is bracing itself for a shock
Share to linkedin
From its launch in 2003, Wizz Air has focused on maintaining a lean low-cost operation backed by a strong ancillary revenue strategy. This has allowed the airline to grow while maintaining a healthy net profit margin and favorable cash flow. This year, Wizz Air added 125 new routes and earned a separate Wizz Air UK operating license which will help protect the airline from potential Brexit service interruptions. Wizz Air was also sitting on over €1.316 billion in unrestricted cash at the end of the financial year.
One could argue with Ryanair's numbers, but the Lufthansa Group acknowledges that its low-cost brand Eurowings is suffering, even as Wizz Air builds new bases in Bremen and Vienna., the Lufthansa Group said it will tackle the challenges to its European routes that include “market-wide over-capacities and increasing competition from low-cost carriers trying to capture market share with low prices.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wizz Air Sits Pretty In Growth Market As Potentially Ugly Brexit Threatens Other European AirlinesWith the risks of a no-deal Brexit rising, a falling pound and consumer uncertainty, European airlines are bracing for a shock. But a growing low-cost competitor, Wizz Air, is well-positioned to make the most of a bad situation, and posing problems for Ryanair and Lufthansa.
Leer más »
CBS on Keeping ‘Bull’ on Air Despite Michael Weatherly Allegations: ‘It’s a Very Popular Show’Under a barrage of criticism at the Television Critics Assn. press tour on Thursday, CBS Entertainment executives defended the network’s decision to keep “Bull” on the air despite…
Leer más »
Lollapalooza Unveils New Air-Conditioned, Soundproof Tent For People Who Definitely Shouldn't Have Come To ThisCHICAGO—Saying the new pass offered the perfect option for those looking to attend the festival in comfort and style, Lollapalooza organizers unveiled a new air-conditioned, soundproof tent expressly catering to people who definitely shouldn’t have come to this. “Our new Platinum Lux Pass allows individuals who have absolutely no place in a hot, crowded music festival like Lollapalooza to come here anyway without ever having to deal with the hassle of hearing music or getting anywhere close to the crowd,” said Charlie Jones, co-owner of the festival, noting that for only $5,000 per day attendees would be able to skip the entry lines entirely and instead be whisked directly into a climate-controlled, insulated room that had been expressly designed for people who don’t want to hear live music and almost certainly should not be here. “Whether you’re too sensitive to sound to conceivably enjoy the experience of listening to music for hours on end or you’re a new parent who realizes taking their overheated child to the festival was an enormous mistake, the Platinum Lux Pass makes sure you can come to Lollapalooza without once hearing a band or encountering anything resembling a music festival experience.” Jones added that an add-on for $500 would allow guests to have a Lollapalooza volunteer drape a tarp over them the moment they entered the venue so they would never have to interact with any of the other people in the Platinum Lux Tent.
Leer más »
Texas county sues Exxon over air pollution from petrochemical fire -officialHarris County, Texas sued Exxon Mobil Corp on Thursday over pollution from a fir...
Leer más »