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Once-Bullish Wizz Air CEO Says His Optimism for Summer Is Fading

  • Varadi says unclear outlook jeopardizes planned capacity hike
  • View contrasts with upbeat stance at discount rival EasyJet
Jozsef Varadi
Jozsef VaradiPhotographer: Chris J. Ratcliffe/Bloomberg

Wizz Air Holdings Plc Chief Executive Officer Jozsef Varadi said he’s no longer counting on a rebound in European air traffic this summer as travel restrictions persist and vaccine rollouts stutter.

Uncertainty over the easing of curbs make it impossible to predict levels of demand in three or four months, and whether an envisaged increase in capacity to between 70% and 80% of pre-pandemic levels is justified, Varadi said in an interview Thursday.