The Romanian market accounts for 23% of the number of seats allocated in airplanes and for about 20% of the revenue of the Budapest-based low-cost airline.
Based on the data for the financial 2016, ended March 31, Romania generated EUR290 million of the EUR1.4 billion revenue Wizz Air posted, according to ZF’s calculations using the data provided by the company and its latest financial report.
“We will have in 24 aircraft in Romania of the 106 we plan to operate this year, and this means about 23% of our capacity,” József Váradi.
Romania accounts for about 20% of Wizz Air’s business, he added. The airline will add eight aircraft to its fleet this year and three of them will be allocated to the Romanian market.
Wizz Air’s Romanian branch, registered as Wizz Air Hungary Kft Budapest Sucursala Otopeni posted 6.5 million lei (EUR1.45 million) revenue and RON54.5 million lei net losses in 2016, according to the latest data available from the Finance Ministry. Prior to that it had reported zero revenue with the Finance Ministry. In the calendar 2016, Tarom posted about EUR238 million revenue and Blue Air (Blue Air Airline Management Solutions SRL) posted about EUR294 million revenue, according to ZF’s calculations based on Finance Ministry data.
The company in Romania is not the airline, the one in Hungary is because that is where Wizz Air got its license and since Hungary is an EU member, Wizz Air can operate in EU countries using it. The company in Romania is only the entity that employs the staff in this country, József Váradi explained.
(English version by Loredana Fratila-Cristescu)