Wizz Air, based in Budapest, above, has expanded from its own market in Hungary to fly to countries across Europe and from Luton airport in the UK Arpad Kurucz/Getty ImagesEastern Europe’s answer to easyJet and Ryanair has become the only leading airline around the Continent not to cut its earnings targets after reporting a surge in summer profits. While rivals have pared back their profit predictions for this year, Wizz Air, which does more than a quarter of its business in or out of the UK, claimed that its budget model was beating the opposition. The London-quoted carrier said that a 17 per cent gain in passengers between April and September to 12.5 million had brought in 10 per cent more revenue at €921 million. It reported underlying profits after tax 12.5 per cent higher at €231 million and kept its forecast for the full year to March at between €245 million and €255…

Source: The Times November 10, 2016 00:00 UTC