LONDON (Reuters) – European low-cost airline Wizz Air mentioned it will make a internet revenue of 350 million to 450 million euros in its present monetary 12 months, as sturdy demand for journey and its increasing fleet put it on observe for development.

That end result would symbolize a major enchancment on the 12 months to the tip of March when Hungary-headquartered Wizz posted a internet lack of 535 million euros ($572.8 million) after it was affected by the struggle in Ukraine and excessive gas prices.

Up to now the post-pandemic monetary efficiency of the central and jap European-focused service has lagged behind Europe’s largest airline Ryanair, which has already returned to revenue, and easyJet (LON:), which is anticipated to in its present monetary 12 months.

Wizz mentioned it was seeing sturdy bookings and better fares for summer time, consistent with rivals which have pointed to shoppers prioritising journey regardless of squeezed incomes as a consequence of excessive inflation and rising rates of interest.

“The corporate’s internet revenue is anticipated to be in a spread between 350 million euros and 450 million euros in full-year 2024, topic to the absence of opposed exogenous occasions similar to an incremental affect from the struggle in Ukraine, supply delays, or comparable,” Wizz mentioned in an announcement on Thursday.

($1 = 0.9340 euros)