Wizz Air Launches Nine New Routes from Luton & Gatwick

Photo Credit: Arash Abed/AviationSource

LONDON – Wizz Air has announced this week that it will be launching nine new routes from its operations in London Luton & Gatwick, respectively.

Below is a table of the new routes that are set to launch in the Autumn:

London Luton – Tallinn1 NovemberTuesday, Thursday, Saturday
London Luton – Prague30 OctoberDaily
London Luton – Sharm El Sheikh(seasonal – winter only)31 OctoberMonday, Friday
London Luton – Hurghada(seasonal – winter only)1 NovemberTuesday, Saturday
Gatwick Airport – Agadir30 OctoberTuesday, Thursday, Saturday, Sunday
Gatwick Airport – Marrakesh30 OctoberDaily
Gatwick Airport – Sharm El Sheikh(seasonal – winter only)1 NovemberTuesday, Saturday
Gatwick Airport – Verona Villafranca13 DecemberTuesday, Wednesday, Saturday
Gatwick Airport – Grenoble Alpes Isère(seasonal – winter only)17 DecemberSaturday

Marion Geoffroy, Managing Director of Wizz Air UK, said:

“We are very excited to announce the addition of nine new routes from our bases at London Luton Airport and Gatwick Airport.”

“Despite the challenges the UK aviation industry has faced this summer season, we remain committed to the market and are pleased to be able to offer passengers the chance to discover even more fascinating destinations such as Tallinn and Hurghada and revisit holiday hotspots like Sharm El Sheikh.”

“We look forward to welcoming passengers onboard our young, efficient, and sustainable aircraft.”

Strong Financials…

Ancillary revenue thus increased by 272.6% to €416.8 million. The total unit revenue then therefore increased by 28.7% to 3.46 euro cents per available seat kilometer (ASK).  

The rise in ancillary revenue per passenger versus F20 is propelled by dynamic pricing on bundle sales of seats with baggage add-ons as well as a gradual rise in demand for other products and services.

The gradual rise of demand comes with higher purchasing power, as the ticket revenue per passenger rose by 9.0% against F22 to €32.2, while compared to F20, which showed lower tracking by 12.0% or a decrease of €4.4 per passenger.

What is holding the potential growth is the war in Ukraine, dampening potential demand and further spending power. 

It comes as no surprise, like many airlines, that the total operating cost has risen to 255.3% to €1,093.3 million compared to  Q1 F22, where total unit cost rose by 8.3% to 4.80 euro cents per ASK and was driven by significantly higher fuel unit costs (due to the on-going war).

In fact, fuel costs increased drastically by 153% to 2.18 euro cents per ASK.

This poses a threat to the airline’s financial stability, whereby the airline reported a statutory loss for the period at €452.5 million.

Nevertheless, the resumption of services resulted in total cash at the end of June 2022 to €1,583.2 million. Restricted cash of €153.2 is included in the final figure.

Overall, Wizz Air is in definitely a good position to continue expansion out of its respective bases and will continue to do so whilst profits continue to climb.

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