Air fares likely to increase significantly by end of summer, Wizz Air boss says

Business

Wizz Air has reported a financial loss of €642.5m (£546.5m) for the year but has promised extra resources to minimise the disruption seen across the aviation industry in recent weeks.

Airlines in the UK and across Europe have been struggling to keep up with demand as travel returns to normal for many holiday destinations for the first time since the beginning of the COVID-19 pandemic.

Group chief executive József Váradi said: “The industry is witnessing supply-chain issues across airports, including in our network.

“Shortages of staff in air traffic control, security and other parts of the supply-chain are impacting airlines, our employees and our customers directly.

“We are deploying extra resources to minimise disruptions and urge all other stakeholders to do the same, having customers’ best interests always in mind.”

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