July 25, 2019 / 6:17 AM / 4 months ago

Wizz Air increases capacity growth after strong start to year

LONDON, July 25 (Reuters) - Low-cost airline Wizz Air has raised its full-year capacity growth rate after a strong start to its financial year as some of its competitors stumble.

The airline said it was raising its capacity growth rate from 16% to 20% after posting a record net profit of 72.4 million euros ($80.6 million) in the three months to June 30, its first quarter trading period.

It reiterated its guidance of 320 to 350 million euros net profit for the full year. ($1 = 0.8981 euros) (Reporting by Alistair Smout; editing by James Davey)

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