Hungarian budget airline Wizz Air has forecast a "material" quarterly operating profit on strong summer demand, but may reduce its aircraft usage in peak summer period to hedge for labour shortages and strikes at European airports.
After a blip caused by the Omicron coronavirus variant, travel demand has roared back, with airlines betting on summer holiday travel in July-September to boost their bottom-line.
Airlines have raised fares to offset higher fuel costs, with pilots and cabin crews making a case for higher pay due to inflation.
The company reported an operating loss of 285 million euros in the first quarter amid rising fuel costs and a strengthening dollar.
