Wizz Air says jet fuel secure, bookings up

Wizz Air said April 27 that it has enough jet fuel for the next month and is seeing stronger summer bookings than a year ago. (bloomberg.com) Chief Executive Officer Jozsef Varadi said, “I don’t think we’re going to be running out of fuel,” pushing back on warnings that European airports could face shortages within weeks. (bloomberg.com) Varadi also said Wizz Air’s summer schedule will be 17% larger than last year, with growth concentrated in the Balkans and Caucasus markets. (reuters.com) He said the airline is “much stronger” on summer bookings than last year, even after easyJet and TUI warned recently about weaker forward demand. (reuters.com) Fuel is the pressure point. Wizz Air said it is about 70% hedged for summer fuel needs, which helps on price but does not create physical fuel if airport supplies tighten. (reuters.com) (cnbc.com) The broader market is still on edge because Europe relies heavily on imported jet fuel, and the International Energy Agency warned the region could struggle to meet peak summer demand. (cnbc.com) Fatih Birol, the agency’s chief, told CNBC that August jet-fuel demand is typically about 40% higher than March demand, while Middle East refineries normally supply around 75% of Europe’s jet fuel. (cnbc.com) Wizz Air’s own traffic data show March 2026 passenger numbers at 5.51 million with a 90.0% load factor, giving investors a fresh read on demand before full-year results due June 11. (wizzair.com) (reuters.com) Varadi said high prices should pull more cargoes toward Europe from the United States, and he expects Wizz Air to renew hedges as current contracts expire this summer. (reuters.com) For now, Wizz Air is telling investors it can keep flying through the next month and sell into a bigger summer schedule, even as Europe’s fuel crunch remains unresolved. (bloomberg.com) (cnbc.com)