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- W616423984 abstract "Wizz Air, a low-cost airline in Europe, has started strong, with 1.2 million passengers and an average load factor of 60% in its first full year of operations. Its current year goals are to nearly double the number of passengers and, the following year, to nearly double again. “Significant” first profits are anticipated in that fiscal year. Due to the abundance of low-cost competitors already in Western Europe, Central and Eastern Europe were chosen as as Wizz Air's base, with focus on Poland and Hungary. The article describes the areas Wizz Air serves, noting that it connects passengers with major population centers in Western Europe: London, Liverpool, Brussels, Paris, Rome, Stockholm, Frankfurt, Milan, Dortmund, and Athens. Most service operate daily while some, such as flights to London, are twice a day. A big obstacle, but a potential source of growth, is travel habits. Only 3% to 5% of the population in Poland and Hungary use air travel, and 40% to 50% of Wizz Air's customers are first-time flyers. About 85% of sales come off the Internet, but home Internet use is low, which is another source of growth. Plans for an IPO remain sometime in the future" @default.
- W616423984 created "2016-06-24" @default.
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- W616423984 date "2005-08-01" @default.
- W616423984 modified "2023-09-23" @default.
- W616423984 title "WIZZ KID : WIZZ AIR IS STILL VERY YOUNG AND ONLY TIME WILL TELL IF IT WILL SURVIVE IN EUROPE'S OVERCROWDED LOW-COST ARENA" @default.
- W616423984 hasPublicationYear "2005" @default.
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