Wizz Air confirms stability: No  increased flight risks in Armenia

ArmInfo.Wizz Air does not see an increase in aviation risks in Armenia, as stated by Ian Malin, CFO of the Hungarian low-cost airline Wizz Air, at a press conference in Yerevan on March 27.

"Our company uses independent sources to assess risks according to  standard procedures in all countries, meaning this applies not only  to Armenia. We do not favor any particular country. The methodology  is the same everywhere. And I can say that at this time, there is no  reason to believe that risks have increased in Armenia,"  Ian Malin,  CFO of the Hungarian low-cost airline Wizz Air, emphasized. When  asked whether ticket prices could be expected to increase amid the  Middle East crisis, Malin recalled that Wizz Air is a fairly large  airline, with a fleet of 261 aircraft.

"This year, revenue is expected to be around 7 billion euros. In the  last quarter of 2025, the company's revenue was 2 billion euros. We  manage risks and take fuel costs into account. This quarter is coming  to an end, and we are 86% insured against fuel price volatility for  the current quarter and 70% insured for the next. I must say that we  are in a fairly good position in this regard," he noted.

At the same time, the company representative acknowledged that fuel  prices have indeed almost doubled, and they are closely monitoring  the situation to properly assess all the risks to the company. Malin  noted that this is not the first time they have encountered such a  situation and have always emerged from difficult situations with  dignity. "We don't believe that raising airfares is the right  solution in this situation.  Passengers shouldn't feel the impact of  increased fuel prices. Naturally, there's some pressure due to the  doubling of fuel prices, but we have certain restraining mechanisms  in place," Malin stated, assuring that if an increase does occur, it  will be insignificant and passengers won't notice.