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Wizz Air profit up 22 pct, confident of more growth

Reuters - UK Focus

LONDON, May 24 (Reuters) - Budget airline Wizz Air (Frankfurt: WI2.F - news) posted a 22 percent rise in annual profit and guided that profit would grow by at least 13 percent in its current financial year, as its cheap ticket prices continued to stimulate the market in eastern Europe.

Wizz, which focuses on flights in central and Eastern Europe, on Thursday reported net profit of 275 million euros, at the higher end of a guided range of 265 million euros to 280 million euros, in the 12 months to March 31.

For the current financial year, it guided that profit would be in the range of 310 million euros to 340 million euros. (Reporting by Sarah Young; editing by Costas Pitas)