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LONDON - Wizz Air Holdings PLC (LSE:LON:WIZZ), a leading European airline, marks its 10-year anniversary on the London Stock Exchange (LON:LSEG) (LSE) today and unveils a new service from London Gatwick to Medina, Saudi Arabia, starting on August 1, 2025. This new route will be the first direct connection offered by the airline between the two cities, utilizing the long-range Airbus XLR aircraft.
The introduction of the London Gatwick to Medina route follows the airline’s first flight from London Gatwick to Jeddah, Saudi Arabia, set for March 31, 2025. This expansion is part of Wizz Air’s strategy to grow its presence in the Middle East, where it already operates an extensive network of over 100 destinations, including a base in Abu Dhabi.
Over the past decade, since its initial public offering in 2015, Wizz Air has grown its fleet from 54 to over 200 aircraft and increased its annual passenger numbers from 19 million to over 60 million. The airline attributes its growth to strategic investments in sustainable aviation fuel (SAF), fleet renewal, and a disciplined cost structure. Wizz Air aims to power 10% of its flights with SAF by 2030 and has a target of reducing CO2 emissions by 25% by the same year.
József Váradi, CEO of Wizz Air, highlighted the significance of the anniversary and the new route, stating, "Celebrating 10 years on the London Stock Exchange is a testament to Wizz Air’s resilience, ambition and strategic vision. As we enter a new era of stability and profitability, we are focused on sustainable growth, expanding our network, and enhancing our financial strength."
Bill Franke, Chairman of Wizz Air, expressed confidence in the airline’s future, citing strong financial discipline, a robust order book, and investments in sustainability as key drivers for continued value for stakeholders.
The airline has been recognized for its low emissions intensity per passenger per kilometer globally and has received multiple awards for its sustainability efforts, including being named "Most Sustainable Low-Cost Airline" and "Best Airline for Carbon Reduction."
This announcement is based on a press release statement and reflects the company’s ongoing commitment to expanding its network and sustainable practices.
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