Wizz Air to reduce workforce by 19 per cent

Wednesday, April 15, 2020

In the wake of the coronavirus pandemic, Wizz Air has decided to make 1,000 positions redundant which means that there will be a 10 per cent reduction in the workforce.

Wizz mentioned while releasing its results for the year that additional employee furlough measures have been and will be taken in the short term as necessitated by the travel restrictions due the Covid-19 outbreak.

Currently, the airline is currently operating at three per cent of its planned capacity.

József Váradi, Wizz Air chief executive mentioned that have taken various initiatives to protect the position of the company in a controlled manner during the Covid-19 pandemic and are reviewing the competitiveness and allocation of the assets of the company.

They further want to improve their strategic, cost and cash position in the aftermath of this crisis to ensure they  can deliver  long-term growth target.

Because of low fare- low cost business model Wizz Air undoubtedly remains best placed for long-term value creation in the European aviation industry as the market leader in the growing central and eastern European market.

Wizz said it expects to report an underlying net profit €350-355 million the year to March 31st – in line with guidance even though there was a sharp downturn.

Next year the the pay of the chief executive and senior leadership of the airline would be cut by 22 per cent and  salaries of pilots, cabin crew and office staff will be reduced by 14 per cent on average.

« Back to Page

• Solo beach holiday destinations unveiled by Wizz Air Research

• Wizz Air Unveils: Top Beach Destinations for Ultimate Solo ‘Me Time

• Wizz Air Introduces Women on Air Initiative for Gender Diversity in Aviation

• Wizz Air Revolutionizes Pilot Training with Virtual Reality Technology

• Elevate Your Journey: Wizz Air Incredible Spring Clearance offers