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Q1 2023 Wizz Air Holdings PLC Earnings Call Transcript
Good day, and thank you for standing by. Welcome to the Wizz Air Q1 Results Webcast. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, József Váradi. Please go ahead.
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Good morning, everyone. Thank you for coming to this -- for this meeting, and I also welcome everyone online. But this is to report the first quarter of the current financial year. If you could just move the slide, please.
So we delivered 30% more capacity in the first quarter versus pre-pandemic levels. Unit revenue was gradually building up month-on-month. Clearly, it was a difficult quarter overall, taking odd events into account. Let's not forget that, that was the time when the company had to reallocate a significant portion of its capacity, originally designated for serving the Ukrainian and Russian markets across the rest of the network. That took some time to implement it. It was
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