Wizz Air Not Providing Full-Year Guidance Amid Travel Curbs

Joseph Aarati, CEO of Wizzair, discusses the challenges of providing guidance due to market volatility and government restrictions. He shares expectations for summer 2021, highlighting the impact of vaccination programs and potential for rapid operational ramp-up. Aarati addresses the debate on vaccine passports, emphasizing that current travel limitations are due to restrictions rather than consumer willingness. He outlines Wizzair's resilience and future plans, including maintaining liquidity and continuing aircraft deliveries to enhance competitive advantage post-pandemic.

What is the main reason Wizzair is unable to provide guidance?

• Technological challenges

• Financial instability

• Volatile market environment

• Lack of consumer interest

What factor is Wizzair hoping will improve the market environment for summer 2021?

• New airline partnerships

• Higher fuel prices

• A successful vaccination program

• Increased government restrictions

What is the CEO's view on the main issue affecting people's ability to fly?

• High ticket prices

• Government-imposed restrictions

• Poor airline service

• Lack of interest in travel

What is the CEO's perspective on vaccine passports?

• They are essential for travel

• They will solve all travel problems

• They are not the main issue

• They should be mandatory

How long does Wizzair have enough liquidity to last without flying a single service?

• 6 to 12 months

• 36 to 42 months

• 12 to 18 months

• 24 to 30 months

What is Wizzair's strategy for post-pandemic times?

• Reducing fleet size

• Focusing on domestic flights only

• Investing in new markets and aircraft

• Cutting employee numbers

What is the expected market condition in 2022 according to the CEO?

• Completely unpredictable

• Similar to 2020

• More normalized

• More restrictive