Wizz Air Rules Out airBaltic Deal
Wizz Air CEO Jozsef Varadi stated the carrier has no interest in airBaltic. Varadi warned that unhedged airlines face severe liquidity pressures amid rising fuel prices and ongoing geopolitical challenges.
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WIZZ AIR HOLDINGS PLC sees very limited acquisition interest in state-owned Latvia carrier airBaltic, CEO Jozsef Varadi said on Monday afternoon. The budget airline expects a wider industry shakeout as unhedged carriers bleed liquidity from high fuel prices. Unhedged European airlines face severe solvency pressures following the recent oil price spike, threatening weaker carriers across the continent.
