WEEL Air cuts capacity by 5% over fuel issues

The low-cost airline "Wizz Air" plans to reduce its operating capacity by 5% in the second half of the year due to volatile fuel prices and geopolitical tensions, which are increasing operating cost pressures. Despite this reduction, the company performed well during the summer season, transporting over 8.7 million passengers in August and achieving seat occupancy rates of 95.6%, helping it improve its passenger revenue per kilometer outlook despite the challenges. "Wizz Air" is investing in updating its fleet to enhance fuel efficiency amid ongoing high fuel prices and the impact of geopolitical tensions on energy markets, which threaten its future profits.

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