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2023-06-08 06:30:06 ET Wizz Air ( OTCPK:WZZAF ) is eyeing a return to profits as European travel demand remains resilient, the company said in an annual report released on Thursday. The European low-cost airline notched record yearly traffic at 51.1M passengers and an over 1...
2023-06-07 13:57:22 ET The Federal Aviation Administration on Wednesday issued a ground stop LaGuardia Airport in New York due to clouds of smoke obscuring the skies over the Northeast. A ground stop was instituted at 12:50PM ET at the New York hub for domestic flights and is du...
2023-06-06 20:20:20 ET Summary IATA has significantly increased its forecast profits for 2023. U.S. Global Jets ETF is not the desired way to capitalize on this as growth is driven by European airlines, which have low exposure in the ETF. North America remains a very strong re...
2023-06-05 08:09:27 ET The global airline sector received a shot of confidence from the International Air Transport Association, which announced an expected strengthening of airline industry profitability in an upgrade of its outlook for 2023. IATA forecast airline industry net prof...
2023-05-03 06:45:46 ET Deutsche Bank lifted estimates on Wizz Air Holdings ( RYAAY ) ahead of the airline company's earnings report scheduled for June 8. Analyst Jaime Rowbotham says Wizz Air is different than Ryanair, where Deutsche Bank just increased its traffic forecasts on. ...
2023-04-24 07:00:44 ET Berlin Brandenburg airport announced the cancellation of all departures on Monday as workers in the German capital’s airport walked out in protest. “Due to the announced warning strike at the aviation security controls, no departures are poss...
2023-04-08 06:33:30 ET Summary Wizz Air Holdings Plc offers passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. Revenue has grown at a rate of 15% despite Covid, driven by demand for budget airlines and...
2023-04-05 18:14:56 ET Summary Wizz Air operating loss narrowed. Comparison with a comparable pre-pandemic quarter shows significant space for efficiency improvement to drive down costs. The longer term fleet plan shows a strong plan to drive down unit costs as well as fuel co...
2023-03-27 15:18:05 ET A “megastrike” in Germany on Monday did not dampen performance for shares of Lufthansa ( OTCQX:DLAKY ), Ryanair ( RYAAY ), and more on Monday. The nation’s transportation in terms of both rail and air was wracked by disrupt...
2023-03-21 11:35:12 ET Hungarian budget airline Wizz Air ( OTCPK:WZZAF ) is eyeing opportunities in the Middle East, according to top executives. Management indicated in a press conference on Tuesday that it plans to add hundreds of aircraft through the close of the deca...