Wizz Air CEO Sees Possible Turning Point for Aviation in June

In an exclusive interview, Joseph Aarati discusses Wizzair's record earnings and the challenges posed by COVID-19. He highlights the company's capacity plans, expansion strategies, and liquidity strength. Aarati also addresses market share opportunities, particularly in Germany, and the future of flying with new safety protocols. The impact of oil prices on the industry is also examined.

What was the main reason for Wizzair's record earnings?

• Increased government subsidies

• High demand for cargo flights

• Reduced operational costs

• Record revenues

What percentage of capacity does Wizzair plan to fly in the second half of their financial year?

• 15%

• 50-60%

• 80%

• 100%

How does Wizzair's business model help in stimulating demand?

• By offering luxury services

• By providing low fares

• By reducing flight frequency

• By focusing on cargo transport

What is Wizzair's stance on government bailouts?

• They are self-sufficient and do not need them

• They have already received significant bailouts

• They rely heavily on them

• They are seeking additional funds

What is a major factor affecting Wizzair's interest in expanding in Germany?

• Proximity to other bases

• Weather conditions

• Airport costs and scalability

• Availability of skilled labor

What safety measure is Wizzair implementing for future flights?

• Elimination of all touchpoints

• Increased baggage allowance

• Mandatory in-flight meals

• Compulsory masks for travelers

How does Wizzair view the current oil prices in terms of business opportunity?

• As a reason to increase ticket prices

• As irrelevant to their operations

• As a temporary advantage

• As a long-term structural opportunity