/cloudfront-us-east-2.images.arcpublishing.com/reuters/UPUMAF4PTNMDDK4KQPCAEMRKPU.jpg?fit=758%2C9999&ssl=1 "Wizz Air warns of more losses in ‘transition year’")
A Wizz Air Airbus A320 at Luton Airport, Luton, Britain, May 1, 2020. REUTERS/Andrew Boyers
European budget airline Wizz Air (WIZZ.L) warned of further losses in its current financial year, amid a slower-than-expected recovery from the COVID-19 pandemic.
The ultra-low cost carrier faces another “transition year” as travel curbs linger on, Chief Executive Jozsef Varadi said on Wednesday, as the company posted a 576 million euro ($703 million) net loss for the 12 months ended March 31.
“Unless we see an accelerated and permanent lifting of restrictions we expect a reported net loss in full-year…
