Skip to content Skip to Search
Skip navigation

Wizz Air Abu Dhabi aims for 25% business growth 

Wizz Air has 12 aircraft based in Abu Dhabi, with plans to expand to 50 in the next four to five years Creative Commons/Kevin Hackert
Wizz Air has 12 aircraft based in Abu Dhabi, with plans to expand to 50 in the next four to five years

Low-cost carrier Wizz Air Abu Dhabi expects business to grow by 25 percent in 2024 compared to last year, driven by capacity growth.

The airline has 12 aircraft based in Abu Dhabi, with plans to expand to 50 in the next four to five years, the UAE state-run Wam news agency reported, citing CEO Jozsef Varadi.

In 2023, Wizz Air Abu Dhabi transported over three million passengers, setting a target of 10 million in the next four to five years.

The airline expects to receive over 300 new aircraft in the next six years, surpassing 500 by 2030.

“A significant portion of this new fleet will be based in the Middle East, specifically in the UAE,” the CEO said.

He pointed out that the significant growth in demand from the UAE led to doubling their business last year, with growth expected to increase this year.

Varadi said that Wizz Air is set to end the fiscal year strongly, as profitability and operational efficiency reached close to pre-Covid levels. 

The airline saw a 20 percent annual increase and a 50 percent rise from 2020.

In December, Johan Eidhagen, managing director of Wizz Air Abu Dhabi, told AGBI that the airline is looking at expansion in Saudi Arabia and working with the authorities “to develop route opportunities”.

The airline flies to Dammam and Medina in the kingdom.

Wizz Air operated more than 15,000 flights and added seven new routes, including Antalya, Turkmenistan, Turkestan and Cairo, bringing the total number of destinations to 40 in 27 countries. The airline plans to add further routes and increase flight frequencies.

Latest articles

Funds in green sukuk are placed in traceable, environmentally friendly investments such as renewable energy projects

Demand is high for Alrajhi bank’s first green sukuk

Saudi Arabia’s Alrajhi Bank has completed its $1 billion sukuk – having raised $3.5 billion in subscriptions from local and international investors – as the kingdom’s lenders push to raise funds for the government’s expensive giga-projects.  Sukuk are sharia-compliant bonds that were developed as an alternative to conventional bonds, which are not considered permissible by […]

Mubadala Energy employed the drillship West Capella for its latest gas discovery off Indonesia

Mubadala Energy makes second gas discovery off Indonesia

Mubadala Energy, a wholly owned subsidiary of Abu Dhabi wealth fund Mubadala, has made a significant deep-sea gas discovery in Indonesia’s South Andaman Block. The Tangkulo-1 exploration well was drilled about 65 kilometres off North Sumatra and has an estimated capacity of 80 million-100 million cubic feet per day and over 2,000 barrels of condensate. […]

Amit Arora the new CEO of Arada, says 'we are seeing a diverse group of investors and residents that want to buy in our communities'

Overseas buyers dominate in Sharjah’s reformed real estate

Overseas buyers in Arada’s two mega-developments in Sharjah have vastly outnumbered locals in the year-and-a-half since the emirate expanded full real estate ownership rights to non-GCC nationals. From when Aljada, Sharjah’s biggest mixed-use project, launched in 2017 until the land reform of late October 2022, Emirati nationals bought more than 63 percent of the value […]

Dubai salik Road, Freeway, Highway

Dubai road toll revenue hits $153m as tourism flourishes

Revenue generated by Dubai’s road toll operator Salik rose 8 percent year on year to AED562 million ($153 million) in the first quarter of 2024, as the number of tourists to the city continues to rise. There were 122 million revenue-generating trips through eight toll gates in the first three months of the year. Net profit […]