Business
Wizz Air marks 10 years on LSE & new XLR route
Wizz Air marks 10 years on LSE & new XLR route.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n\n \n \nWIZZ AIR MARKS 10 YEARS ON THE LSE\nAND LAUNCHES NEW XLR ROUTE FROM LONDON TO MEDINA\nTicker: WIZZ\nLONDON, 25th February 2025: Wizz Air, one of the most sustainable European airlines, today celebrates the 10th anniversary of its listing on the London Stock Exchange (LSE), and announces that it will be the first airline to offer a direct flight between London Gatwick and Medina in Saudi Arabia. \nThe new route, which launches on 1st August 2025, is Wizz Air's second from the UK using the longer-range Airbus XLR aircraft, with its first flight scheduled from London Gatwick to Jeddah in Saudi Arabia on 31st March. \nBy launching this route, the airline will facilitate more than 174,000 seats per year to Medina, making the holy city, which is famous for its religious tourism, more accessible than ever. \nThe extended reach and efficiency of the brand-new Airbus XLR aircraft supports Wizz Air's continued growth across the Middle East where the airline already has an extensive network. Wizz Air currently serves more than 100 destinations across the region, including a base in Abu Dhabi. \nA decade on the London Stock Exchange\nOver the past 10 years, Wizz Air has significantly expanded its operations through the creation of four airlines, reinforced financial resilience, and positioned itself as an industry leader in delivering the lowest fares and lowest emissions intensity *.\nSince its initial public offering (IPO) in 2015, Wizz Air has significantly strengthened its liquidity position, expanded its fleet from 54 to over 200 aircraft, and increased passenger numbers from 19 million to over 60 million annually. The airline group's listing has played a critical role in its evolution, providing access to one of the world's largest and most sophisticated capital markets.\nAs geopolitical and supply chain uncertainties ease, Wizz Air is well positioned for strong growth, underpinned by a significant order book, as well as fleet expansion and revenue diversification plans, and is targeting passenger growth of 15-20% annually.\nWith a disciplined cost structure, well capitalised balance sheet and strong liquidity, Wizz Air remains well positioned to navigate market fluctuations and is committed to delivering long term shareholder value.\nStrategic Investments in Sustainabi...