Wizz Flashcards
Month and year Wizz founded
September 2003
First flight (year and route)
Katowice to Luton
2004
CEO
Josef Varadi
Routes
Num airports
Num Countries
Num Bases
924+ routes
200+ airports
50+ countries
34 bases
Year listed, on which stock exchange
2015 on LSE
passengers 2024
62 million
Fleet numbers
- A320 CEO
- A320 NEO
- A321 CEO
- A321 NEO
A320 CEO: 40
A320 NEO: 6
A321 CEO: 41
A321 NEO: 121
Average fleet age
4.2 years
Fleet orders
- A320 NEO
- A321 NEO
- A321 XLR
A320 NEO: 13
A321 NEO: 266
A321 XLR: 47
[326 total]
Engines @ Wizz
- CEO
- NEO
CEO: International Aero, IAE V2500
NEO: Pratt & Whitney, PW1100G - JM
Destinations furthest:
- North
- South
- East
- West
North: Tromso
South: Male (otherwise Sallalah)
East: Almaty (Kazakhstan)
West: Reykjavik (otherwise Funchal)
Wizz air operational centre
Budapest, Hungary
Wizz air training centres
Budapest
Rome
Wizz Air Values
PIDIS
- Positivity
- Inclusivity
- Dedication
- Integrity
- Sustainability
2024 revenue and net profit
EUR 5bn revenue
EUR 366m profit
Meaning of CEO, NEO
CEO: CURRENT engine option
NEO: New engine option
A320 vs A321
- Passengers
- Range
Passengers: 230 vs 180 seats
Range: 3700km vs 3300km
Risks faced
- Geopolitical (Oil price, routes)
- Economic (Demand)
- Climate (Weather, regulations, costs)
- Fleet (P&W engines, spare parts)
Wizz Air group companies
Wizz Air Hungary
Wizz Air UK
Wizz Air Malta
Wizz Air Abu Dhabi
Features of the business model
Low prices (pay for what you need)
Secondary airports
Single travel class
Direct booking
Electronic tickets
Modern fleet
Sustainable approach
