Wizz Air CEO: 'The longer COVID-19 lasts, the better we will emerge'

Wizz Air CEO Jozsef Varadi said that the longer the COVID-19 crisis lasts, "the better we will emerge" in terms of competition (Reuters, 28-Jan-2021). He admitted however that the LCC is "not immune" to the impacts of the crisis on demand. As previously reported by CAPA, Mr Varadi mentioned that the carrier is "focused" on optimising cost structure and cash burn and has further enhanced its liquidity position with a EUR500 million three year bond issued on 19-Jan-2021.