Photo: Wizz Air

Wizz Air vows not to transfer extra profit tax to customers until July 1

Low-cost airline Wizz Air said on Tuesday that for tickets purchased before July 1, the company will not pass on the costs of the tax on extra profits introduced by the government to customers.

Wizz Air said in a statement that the windfall tax effective from July 1 would most likely affect ticket prices, but the company will not transfer the legally regulated extra cost to passengers in the case of tickets already purchased.

Ticket prices are expected to increase as a result of the tax and higher fuel prices, the statement said. At the same time, changes in the price of airline tickets will be primarily determined by supply and demand, it added.

Wizz Air also said that the extra burden on airline companies would further weight down a much-awaited economic recovery, not only for the company but for the whole of the economy. Air transport has suffered significant losses as a result of the Covid-19 pandemic, with revenues and profits unlikely to return to pre-pandemic levels for a long time, it added.

Last week, the Budapest Municipal Government Office launched a consumer protection investigation against low-cost airline Ryanair for passing on the special tax to customers already in possession of tickets.

Leave a Reply