Wizz Air cheered investors as it forecast widening full-year losses but a recovery in demand over the peak summer holiday season.
Shares of the Hungarian budget airline rose by 251p, or 8.7 per cent, to close at £31.43 as Jozsef Varadi, the chief executive, allayed fears over the impact of the war in Ukraine.
He said that while the carrier’s flights to Ukraine, Moldova and Russia were still suspended, it had successfully reallocated the affected capacity to other parts of its network, including Luton and Romania.
While accepting that the war had “dented demand for air travel and destabilised commodity prices across the globe”, Varadi said: “We are starting to see recovery take shape as we move closer to the summer of 2022.”
He
