Wizz Air CEO sees opportunities in decreasing capacity in the market

    Wizz Air CEO József Váradi noted an overall decrease in capacity and considers the trend a strategic opportunity to “step in” and “fill the vacuum” (Reuters/Bloomberg, 25-Jul-2019). Mr Váradi added the decision to increase capacity growth from 16% to 20% in FY2020 is a result of the “capacity situation” and the carrier’s financial strengths. Mr Váradi also noted: “I don’t really mind having a higher fuel price because what it means really is it puts more pressure on my competitors”.