Wizz Air: First, Capacity Reductions Are Expected, Then Fare Increases
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The Hungarian low-cost carrier confirmed Ryanair's suspicions. According to Wizz Air, capacity reductions are expected first, which may be followed by pricing measures.
The persistently high oil price could trigger a chain reaction in the aviation market, forcing low-cost airlines to drastically restructure their operations. Wizz Air, responding to rival Ryanair's price hike forecast, said that flight frequency reductions are expected first due to rising fuel costs, before fares can increase. No airline can completely insulate itself from price increases.
Persistently high oil and jet fuel prices are putting great pressure on the sector.
According to the airline, the sector could be in trouble if the price of Brent per barrel were to remain at $90-100 for a long time. Passengers will also feel this in their wallets. The post Wizz Air: some airlines may first reduce capacity, then prices may rise first appeared on 24.hu.
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