Net profit of the company climbed 54% year-on-year to €51 mln in the first quarter of its business year started April 1, an earnings report released today shows, according to Hungarian news agency MTI. Earnings rose on higher turnover, an improved margin and a net financial gain, the report added.
The drop in value of the British pound after the referendum has led to a weakness in fares priced in euros, Wizz Air said, noting that it will redeploy its capacity to non-UK routes, as Proactive Investors reported.
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