Wizz Air is forecasting a return to profit in its 2023-2024 financial year, helped by strong bookings, new capacity and the benefits of hedging fuel costs.

The carrier said revenue more than doubled to €911.7 million in the three months to end-December, while passenger numbers increased 59% to 12.39 million.

CEO Jozsef Varadi said: “As we reach the end of January, we are seeing booking volumes coming in ahead of 2022, which is in line with expectations.

“We continue to expect an overall net loss in F23, but remain confident that F24 will be profitable (subject to no adverse pandemic or geopolitical events).”