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Wizz Air adjusts timing, mix of Airbus order to support capacity targets
(Sharecast News) - Budget airline Wizz Air announced on Friday that it has deferred the deliveries of 88 Airbus aircraft by three years in an effort to bolster profitability and support its targets for capacity. "Whilst Wizz Air's remaining orderbook of 273 total aircraft remains intact, this revised agreement adjusts the delivery schedule to align with a more sustainable and profitable capacity growth trajectory," the company said on Friday.
Wizz Air, which currently has 88 planes on order to be delivered by fiscal year 2030, said these have now been pushed back to fiscal year 2033.
The airline has also adjusted its expected fleet mix, cutting the number of ordered longer-haul A321XLRs from 47 to 11, and instead replacing them with 36 A321neos.
The company said the amendments support its target of achieving a 10-12% seat capacity growth rate through to 2030.
"The fleet is scheduled to be all-neo by calendar 2029, reinforcing Wizz Air's position as one of the world's most emissions-efficient airlines and delivering significant fuel-burn advantages compared to previous generation aircraft," it said.
Wizz Air shares were down 0.8% at 991.01p by 0935 GMT, while Airbus was trading 0.4% lower in Paris at €207.80.
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