Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wizz Air pays out £1.2m in compensation claims after regulator probe

(Sharecast News) - Wizz Air has been forced to pay out £1.2m to passengers whose claims for compensation were falsely rejected after flight delays in the chaotic summer of 2022. The UK's Civil Aviation Authority (CAA) stepped in last July and ordered the budget carrier to review thousands of claims after a record number of complaints from passengers.

The payments were made after around 6,000 applications were reviewed for a second time out of 25,000 claims.

Airlines are required by law to cover the cost of replacement flights for travellers when they cancel a flight and can't provide another quickly.

Passengers across Europe were left stranded as air traffic control strikes and staff shortages after the industry laid off thousands of workers during the Covid-19 pandemic.

Wizz, which was the worst airline for flight delays in 2021 & 2022, was also subject to a multitude of County Court claims from frustrated passengers.

In response, Wizz did not mention the compensation payouts, but said it had enhanced its claim handling system by incorporating an automated refund process, spent £90m to improve its performance, contracted four new call centres and identified and paid "all known" County Court Judgements.

Reporting by Frank Prenesti for Sharecast.com

Share this article

Related Sharecast Articles

Agronomics investee Solar Foods raises EUR 8m
(Sharecast News) - Cellular agriculture investor Agronomics announced on Friday that its portfolio company Solar Foods had raised an additional €8m through Finnish investment organiser Springvest.
Berenberg hikes target price on Greggs
(Sharecast News) - Analysts at Berenberg raised their target price on bakery chain Greggs from 3,550.0p to 3,990.0p on Friday as it noted that customer appeal had broadened as its market share was expanding.
Thousands of UK firms fighting for survival - Begbies Traynor
(Sharecast News) - More than half a million UK business are fighting for survival, according to an industry research published on Friday, weighed down by the weak economy.
Thruvision FY24 adjusted underlying losses widen
(Sharecast News) - Security technology business Thruvision said on Friday that adjusted underlying losses had widened in FY24 as revenues fell.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.