Wizz Air returns to annual profit after three years
May 23 (Reuters) -European low-cost airline Wizz Air WIZZ.L posted a full-year net profit on Thursday, helped by robust travel demand, higher utilization of operational fleet and a one-off compensation received for some grounded aircraft.
The company reported a net profit of 365.9 million euros ($395.90 million) for the year ended March 31, compared with a net loss of 535 million euros a year earlier. The airline had reported losses in the previous three years.
The full-year profit was higher than a company-compiled consensus of a 350.8 million euros.
($1 = 0.9242 euros)
Reporting by Eva Mathews in Bengaluru; Editing by Janane Venkatraman
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