Wizz Air Cuts Capacity and Sets 2030 Revenue Goals

Wizz Air reduced its planned capacity for the second half of the year by 5%, citing geopolitical tensions and volatile fuel prices. The budget carrier announced the cut during its Capital Markets Day in London, though it simultaneously upgraded its second-quarter revenue per available seat kilometer guidance to flat year-over-year following strong summer performance.

Chief Executive Jozsef Varadi outlined an ambitious growth strategy for fiscal 2030, targeting 10 billion euros in revenue and an EBIT margin of 10%. The airline aims to reach an investment-grade balance sheet by expanding its annual passenger count to 127 million, a significant increase from the nearly 70 million expected in fiscal 2026.

To support this expansion, the airline plans to operate an all-neo fleet of 335 aircraft. The strategy focuses on maturing the existing network and concentrating growth within core markets across Central and Eastern Europe.