Low-cost carrier Wizz Air soars out of Budapest, says Fitch in Europe-wide report

Budapest-based Wizz Air will continue to tap the low-cost airline business in eastern Europe, securing an advantage on western European rivals including Ryanair, Fitch Ratings has said in a review of European airlines’ recent earnings.

There is already a gap between the financially weak and strong airlines in Europe but the recent slew of earnings show that “now even the larger companies are diverging amid an increasingly challenging market environment”, said the rating firm in its review.