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Low-cost airlines resist the crisis

2020-09-13T20:28:49.070Z


DECRYPTION - While traffic remains excessively low, low cost carriers are struggling but absorb the shock better than traditional carriers.


In France, who knows Wizz Air, created in 2003?

However, with its ridiculous prices, the Hungarian company is probably the one that goes through the worst crisis ever in air transport with the least damage.

Be careful, she is not spared.

Between April and June, she lost 57 million euros.

And the closure ten days ago, without warning, of the borders of Hungary could play tricks on it.

But after confinement, she started to go up the slope, and faster than the others.

At the end of June, we were operating 70% of our network,

” said its managing director, Jozsef Varadi, in a press release.

In comparison, Air France had risen to ... only 20% of its usual capacity at the same time.

In addition, in the last four months, Wizz Air has opened 200 new routes and 9 bases in Europe.

The perfect illustration of the resilience of low cost companies.

Read also:

Meals delivered, pajamas for sale ... The unusual initiatives of the airlines to replenish the cash registers

"In this crisis, low-costs are also making losses, but are resisting better

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Source: lefigaro

All business articles on 2020-09-13

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