London-: Wizz Air, Europe’s fastest-growing and most environmentally sustainable airline globally, has published its annual sustainability update, presenting the progress towards its sustainability targets.
In the fiscal year 2023, Wizz Air achieved the carbon emissions intensity of 53.8 grams per passenger/km, a decrease by 11% compared to the previous fiscal year performance. This is Wizz Air’s lowest ever recorded result for one fiscal year and the lowest performance among major competitor airlines.
Wizz Air’s sustainability strategy is based on four pillars – environment, people, governance and economy. The airline is constantly working on its environmental footprint and carbon intensity reduction, employee development, socio-economic contribution to the regions, where it operates, and strengthening its corporate governance.
Wizz Air’s sustainability milestones in fiscal year 2023
- Achieved carbon emissions intensity of 53.8 grams per passenger/km, a decrease by 11% YoY and 6% to the pre-covid level.
- Continued its fleet renewal and expansion programme with 35 new A321neo aircraft joined the fleet.
- Fleet average age decreased to 4.6 years, making it the youngest fleets of any European airline with over 100 aircraft.
- Signed four agreements with SAF producers for future supply: Mabanaft/P2X Europe, OMV, Neste and Cepsa.
- Made its first £5 million equity investment in a British biofuel company, Firefly, and participated in $50 million investment in CleanJoule, a US-based biofuel start-up.
- Became the first airline in Hungary to commercially test the SAF supply chain in collaboration with Neste, MOL and Budapest Airport.
- Joined the European Commission’s Alliance for Zero Emission Aviation and the Renewable and Low-Carbon Fuels Value Chain Industrial Alliance.
- Received recognition as the “Most Sustainable Low-Cost Airline” by World Finance Magazine as well as the “Global and EMEA Environmental Sustainability Group of the Year” by CAPA – Centre for Aviation.
- The employee base grew to more than 7,300 with over 2,500 new hires and more than 90 nationalities.
- Reached a 48-52% female-male gender ratio throughout the entire organisation.