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Not an understatement
Low-cost airline faces ‘unprecedented operational challenge’ from engine problems affecting almost a quarter of fleet
József Váradi tells FT ‘common sense prevailed’ after significant number of investors rebel at shareholders’ meeting
Almost 30% of carrier’s free float was cast against the move to give József Váradi until 2028 to unlock £100mn reward
Proxy advisers ISS and Pirc oppose AGM resolution to grant József Váradi two more years to win one-off award
UK regulator orders low-cost airline to review compensation claims after it failed to pay customers what they were owed
European low-cost carrier buoyed by travel rebound after decision not to hedge fuel costs contributed to loss
Low-cost airline’s chief says demand for travel remains strong despite economic slowdown
Companies analysis from our sister publication
Hungarian low-cost carrier suffered months of disruption caused by staff shortages and airport security delays
European short-haul airline sets sights on destinations to Israel and Saudi Arabia in drive for growth
Analysts warn move could cause reputational damage to Hungary-based carrier in wake of invasion of Ukraine
Oil and gas group’s share price has fallen 29 per cent since May
UK airport says it will tell carriers to take action if needed as Wizz Air becomes latest airline to trim schedule
Chief executive says budget airline needs to ‘take down fatigue rate’ that has led to flight cancellations
Low-cost carrier hit by staff shortages in air traffic control and ground handling
Move by Hungarian airline is part of ambitious expansion strategy
Carrier expects strong rebound in Europe’s peak summer season despite war in Ukraine
Irish carrier says it remains on course for recovery despite Russia-Ukraine war as rival Wizz Air reassures investors
Budget carrier struggles — but continues expansion plans
Pandemic and travel curbs hit low-cost airline’s balance sheet but it expects rebound this year
London-listed Hungarian airline strikes deal as part of effort to challenge Ryanair
Airline says it will have to cut ticket prices to encourage people to fly this winter
Bill Franke is considered by some to be the most successful air travel investor in history
Size of airline’s rights issue has prompted questions about its strategy
International Edition
