European budget airline says 2021 will be ‘transition year’ as travel restrictions linger
The European budget airline Wizz Air has plunged to a €576m (£497m) annual loss and warned of further losses to come until travel restrictions are fully lifted.
The carrier’s revenue fell by 73% in the 12 months to the end of March, the period covering the first year of Covid-19, and it carried 10m passengers, 75% fewer than a year earlier.
