Wizz Air chief Jozsef Varadi says the budget carrier is “rationalising” its Airbus A321XLR programme, following the decision to suspend its Middle Eastern operation.

The airline is to axe its Wizz Air Abu Dhabi division from 1 September.

Wizz started taking delivery of 47 A321XLRs in its fiscal first quarter, but the Abu Dhabi operation had been among the reasons for ordering the type.

In a first-quarter briefing Varadi says the airline will focus instead on its European markets, and the A321XLR rationalisation is to “ensure we have the right fleet for the network design”.

Varadi adds that the revision means that carrier will need to reduce its growth rate to “levels that support the demand” of the future network.

“This will require modification to our aircraft delivery schedules,” he states, adding that the airline is also retiring as many older A320-family jets as feasible.

Wizz Abu Dhabi A321neo-c-Airbus

Wizz Air had 236 aircraft at the end of June, including 157 A321neos – following the introduction of 10 during the quarter – as well as the initial XLR.

Varadi says the carrier is “pursuing all avenues” to restore aircraft grounded by Pratt & Whitney GTF engine issues to flight.

It had 41 still out of service at the end of June, although the trend is improving, and the full-year average is forecast to be 35.

Wizz Air adds that it is holding more than twice the number of spare engines that it would normally expect, owing to shorter time-on-wing intervals than expected for the powerplants.

The company says its recent selection of more GTF engines for its fleet will give it access to spare powerplants to “accelerate” the return to service of grounded jets.

Varadi says the company wants to concentrate on operating in “environmentally benign” regions – the carrier had cited engine reliability as one of the reasons for its Abu Dhabi withdrawal – as well as areas in which it already has market share.

“We believe our core Central and Eastern European markets satisfy both these criteria,” he says. “As such, we have developed initiatives that steer network design to focus on these markets.”

Wizz Air’s first-quarter operating profit was down by 38% to €27.5 million ($32.3 million), on a 13% increase in revenues to €1.43 billion. It attributes the profit decline to the engine groundings, as well as higher aeronautical charges and depreciation costs.





Source link

Posted in
Uncategorized

skylinesmecher

Related Posts
Limousine Comments are Closed

Plan the perfect NYC Memorial Day weekend

Pack only what you need and avoid overpacking to streamline the check-in and security screening…

News Comments are Closed

LA’s worst traffic areas and how to avoid them

Consider using alternative routes, such as Sepulveda Boulevard, which runs parallel to the 405 in…

AerCap orders 100 A320neo-family jets in Frontier-linked transaction

Irish-based leasing giant AerCap is ordering another 100 Airbus A320neo-family jets, delivery of which will…

Air Astana co-founder BAE Systems exits carrier after nearly 25 years

UK aerospace firm BAE Systems is selling its remaining interest in Kazakh operator Air Astana…

UK to buy additional Thales Martlet missiles as counter-drone weapon demand spikes

With demand for air-launched counter-drone capability having spiked due to the conflict in the Middle…

Thales eyes expansion of contrail-avoidance trials after Amelia test success

Thales is eyeing a large-scale trial of a new contrail-avoidance system to validate the solution…

European airline leaders call for regulators to stop taking aviation progress for granted | News

European airline leaders are calling on the region’s regulators to take steps to support the…

Warsaw-based Draco Aircraft pitches HyperSTOL design to Polish military and NATO operators

Warsaw-based Draco Aircraft has entered into partnership with two Polish military institutions to pitch a…

P&WC details hybridisation plan for PW127 engine that could power ATR Evo

Pratt & Whitney Canada parent RTX has provided more details on the advanced hybrid-electric PW127…

Anduril’s UK boss eyes growth opportunities as autonomous system demand takes off

Anduril Industries is eyeing significant further growth in the UK, as the company’s in-country presence…

United Aircraft passenger airliner prototypes to undergo natural icing tests

United Aircraft is to undertake natural icing tests on three new aircraft models, with prototypes…

Thales to supply new communications system for Pilatus PC-7 trainer operator

Thales has been chosen to provide a radio management system for use by an undisclosed…

Post a comment

Your email address will not be published.