Connect with us

Hi, what are you looking for?

Alive Business PlanAlive Business Plan

Stock

Wizz Air confirms Airbus deliveries until end of 2025

By Karol Badohal

WARSAW (Reuters) – Wizz Air has confirmation of its Airbus deliveries until the end of 2025, the airline’s chief executive said on Tuesday, despite questions over whether the European planemaker can meet its full-year delivery target.

As plane manufacturers have struggled to keep pace with demand because of supply chain and technical issues, Airbus deliveries fell 9% in September to 50 jets compared with a year ago.

“Right now, as we speak, we are reconfirmed with Airbus till the end of 2025,” Wizz Air Chief Executive Jozsef Varadi told a news conference in Warsaw.

“I’m pretty confident that… (until) the end of 2025 we are fine and we understand the delivery profile. We are fine in 2026 and beyond too, but we just need to understand how many aircraft we are going to be able to take.”

Varadi said Airbus faced challenges with the delivery of engines from Pratt & Whitney, as well as other parts and with its own capacity.

“As we have previously said, Airbus is facing some persistent and specific supply chain issues,” the company said in an emailed response to Reuters questions. “We are working together with suppliers to mitigate the impact of the current situation on our customers.”

Neither Pratt & Whitney nor its owner RTX immediately responded to request for comment.

Varadi also said he believed inflationary pressures, which have led to fare increases, were easing.

“If I look at the environment today, I mean you are seeing fuel coming down, inflation coming down, interest rates coming down, so it seems to me that after a kind of a spike of pressure on costs, now it is a time of easing that pressure,” he said.

“Hopefully the worst is already behind us.”

He said he could not say however when flights to Israel could resume but if they did not before the high demand Christmas period, the airline would seek an alternative source of income.

“We will have to take a decision whether the Christmas period is going to be operated to Israel or not, because if we don’t operate to Israel, we want to operate somewhere else,” he said.

“We are not performing any flights from any of our bases right now, today, to the region, and the region is defined to be really Tel Aviv on the one hand and Amman, Jordan on the other hand.”

This post appeared first on investing.com
Become a VIP member by signing up for our newsletter. Enjoy exclusive content, early access to sales, and special offers just for you! As a VIP, you'll receive personalized updates, loyalty rewards, and invitations to private events. Elevate your experience and join our exclusive community today!

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    You May Also Like

    Latest News

    Donald Trump is leaning into a nativist, anti-immigrant message in the final stage of his third presidential campaign, advancing a closing argument centered on...

    Investing

    Russian President Vladimir Putin met with Iranian President Masoud Pezeshkian on Friday, hailing the ‘very close’ relationship between Russia and Iran. The meeting comes...

    Latest News

    New majorities in Congress, particularly when the incoming party has a new leader, offer the rare chance for the institution to take a breath...

    Latest News

    The Gateway Pundit, a far-right website, published a note from its editor on Saturday acknowledging that two election workers in Georgia did not engage...



    Disclaimer: alivebusinessplan.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2024 alivebusinessplan.com