Wizz Air trims second-half planned capacity by 5% on fuel price volatility

By Reuters News

Sept 17 (Reuters) - Budget carrier Wizz Air WIZZ.L on Thursday said it has trimmed its originally planned capacity for the second half of the year by 5% due to geopolitical and fuel price volatility.

The airline, however, upgraded its second-quarter revenue per available seat kilometre (RASK) to flat year-on-year, from a previous forecast of "down low single digits," after a stronger-than-expected summer revenue performance.

It set out medium-term financial targets of achieving €10 billion ($11.47 billion) in revenue and a 10% EBIT margin by fiscal year 2030 as it seeks to restore sustainable profitability after a turbulent stretch.

($1 = 0.8721 euros)

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