Wizz Air CEO says no interest in AirBaltic, other carriers at risk
Wizz Air CEO says no interest in AirBaltic, other carriers at risk COPENHAGEN, Sept 14 (Reuters) - Budget carrier Wizz Air WIZZ.L sees few if any opportunities from the bankruptcy of airBaltic and expects a wider shakeout of other European airlines that were unable to hedge against high oil prices, CEO Jozsef Varadi told Reuters on Monday.
The oil price spike "sucks up liquidity very quickly from the industry, and especially those airlines which are unhedged," he said on the sidelines of the ISTAT Europe conference. "I think they will be in a very difficult situation."
(Reporting by Tim Hepher
Editing by Tomasz Janowski)((tim.hepher@thomsonreuters.com; +33 1 49 49 54 52; Reuters Messaging: tim.hepher.thomsonreuters@reuters.net))
Recent news on Wizz Air Holdings
See all newsWizz Air Holdings - Wizz Air Omnibus Plan award grants
Europe Research Roundup: Anglo American, Carmila, Greencore
Jet fuel crunch puts 2027 earnings at risk for European airlines, JPM says
Wizz Air in talks with airports to take over slots from carriers at risk of bankruptcy
Barclays sours on European airlines on fuel price worries, cuts Ryanair, Norwegian