The CEO of Wizz Air József Váradi appeared unfazed in comments after the Ryanair boss Michael O’Leary suggested its Hungarian rival and airBaltic could go bankrupt before the end of the year.
At a recent press conference, Il Sole 24 Ore reported that O’Leary voiced his concerns over the ongoing closure of the Strait of Hormuz and potential impact on fuel costs and supply while taking a swipe at Wizz Air.
It is understood that Ryanair has hedged around 80% of its fuel needs at $67 per barrel through March 2027, but O’Leary said he still has worries if current price levels remain.
“If oil stays at these levels, two or three European airlines in October or November could go bankrupt like Wizz Air, which wants to…