Hungarian Wizz Air to increase prices because of extra taxes?!
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Hungarian Wizz Air may raise its prices because of the government’s plans regarding the so-called windfall taxes. The extra tax will concern eight areas, and the administration would like to collect an annual 800 billion forints with its help.
Wizz Air to introduce higher ticket prices?
The chairman of the Hungarian low-cost airline told hvg.hu that the sector suffered significant losses during the coronavirus epidemic. Furthermore, its income and profit will not reach the pre-pandemic level for a long time. As a result,
nobody can talk about an “extra profit” in the case of airlines.
The fifth Orbán administration plans to introduce a surtax on all airlines operating in Hungary, with a €10-15 fee per passenger. However,
that would mean higher ticket prices
in a sector struggling with a deficit for two years. “Challenging that fact goes against the most basic economic analyses,” Robert Carey, the chairman of Wizz Air, told the Hungarian media outlet.
HVG asked the Hungarian airline after the announcement of the new windfall taxes on Thursday. In the case of the air travel sector, the direct contributors would be companies doing ground handling. Of course, they could pass that on to the airlines concerned. However, it seems, in the end, passengers will pay the extra tax.
By decree Fidez needs to pay for the election they just bought with taxpayer money. Now the taxpayer will pay again. Of course we know into which pocket the 800 billion will find it’s way..