Wizz Air has announced further cost-cutting measures to cope with the impact of the coronavirus pandemic after the carrier revealed it is currently operating at just 3% of its pre-coronavirus capacity.
In a statement, the airline said: “In the short term, the company continues to actively adjust capacity to market conditions and is reviewing aircraft allocation on a market-by-market basis as opportunities arise.
“As markets normalise, Wizz Air fully expects to maintain its plans to grow capacity by an average of 15% annually. Furthermore, the company confirms the launch of operations of Wizz Air Abu Dhabi is progressing in line with the initial timeline.”
Wizz will, however, enact further cost-saving measures to mitigate the impact of the Covid-19 outbreak. These include gradually returning 32 older leased aircraft by the end of March 2023 as these leases expire.
In addition, Wizz will make 1,000 roles redundant, representing 19% of its workforce.
“Additional employee furlough measures have also been, and will be, taken in the short-term as necessitated by the travel restrictions due the Covid-19 pandemic,” said the airline.
