Due to the increased schedule of kerosene and late summer flights, low-cost Wizz Air airlines from Hungary reduced their profits, which reached a record high profit after tax in the first financial year ending September 30.
According to a statement published on Wednesday on the airline website, the company increased passenger traffic by 20 percent, to 18.8 million compared to the first half of 2017, and increased its income to the same extent to 1.3 billion euros. Including daily sales revenues amounted to 25, and the level of additional revenues 12.5 percent above the same period last year. During the summer schedule, flights were delayed mainly due to problems related to weather and airspace capacity, due to the additional costs and high costs of aviation fuel, Wizz Air costs were 28% higher than a year earlier. For Nafta, the company spent 43 percent more than last year.
Operating profit fell 1.9 percent to 300 million euros, but thanks to the positive balance of financial transactions, the company's after-tax profit improved 1.2 percent to 296 million euros and reached a new record. Nevertheless, due to the constantly growing oil and additional costs due to delays, Wizz lowered the expected level of profits at the end of the budget year from the previous 310-340 million euros, and now the company expects to receive from 270 to 300 million euros on March 31 year.