Wizz Air has announced an increase of net profits for the 2016-2017 financial year of 28% to €246 million Euros. Shares in the airline increased by 12% to £21.77 as a result.
The airline states that travel demand to and from the UK has remained strong since the Brexit vote. It’s due to open an operating base in Luton next month.
Wizz Air operates a low cost service, focussing on Central and Eastern European destinations. It competes with the likes of easyJet and Ryanair.