US EditionIs Wizz Air in Trouble? Its Biggest Rival Predicts Bankruptcy Soon
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3 Articles
Is Wizz Air in trouble? Its biggest rival predicts bankruptcy soon
The European low-cost airline market has entered a turbulent period, and according to Ryanair’s CEO Michael O’Leary, Hungary-based Wizz Air is also facing serious challenges. In an interview with the Italian daily Corriere della Sera, O’Leary sharply criticised his competitors and did not rule out further bankruptcies in the near future. Bankrupt and suspended airlines O’Leary pointed out that in recent months not only Iceland’s Play Airlines ha…
A Devastating Picture Has Been Painted of Wizz Air, According to the Rival It Could Soon Go Bankrupt
A depressing picture has been painted of Wizz Air, according to the rival, it could soon go bankrupt - They took a risk during the pandemic, and they could pay a heavy price for it.
Ryanair CEO Michael O'Leary considers the market operations of competitor Wizz Air to be a quasi-pyramid scheme. Speaking to the Italian Corriere, he spoke about the market difficulties and that they are not afraid of stricter control of baggage size in order to avoid the fate of their Icelandic and Swedish competitors.
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