Wizz Air assesses competitive situation
Wizz Air reported (30-Jan-2025) the following 'unique' competitive situation in Q3FY2025:
- Ryanair remains Wizz Air's main competitor, with a network overlap at broadly 60%, of which roughly half is airport to airport and the other city to city (from at least one differing airport);
- Wizz challenged Ryanair's entry into Albania, forcing it to withdraw two aircraft;
- Wizz Air will add a net 194 aircraft by FY2030, twice the 88 aircraft increase forecast by Ryanair;
- Accordingly, Wizz Air can look to build core market leadership, densify its offering and look for opportunities to deploy aircraft into promising new markets, with limited opportunity for others to respond. [more - original PR]
Background ✨
Wizz Air planned to expand its fleet from 208 to 500 aircraft by 2030 to 2032, creating opportunities for new base airports and potentially establishing new airline companies1. The airline aimed for a 15% to 20% annual fleet growth, with a strategic objective of a 500 aircraft fleet by 20322. Additionally, Wizz Air increased its market share in Central and Eastern Europe to 27% in FY2024 and matured its route network in the Middle East, exceeding initial fleet size expectations in Abu Dhabi3.