Wizz Air latest promotion invited travellers to pay €500 for 12 months of unlimited flights to any destination on its network. Alamy
Wizz Air latest promotion invited travellers to pay €500 for 12 months of unlimited flights to any destination on its network. Alamy
Wizz Air latest promotion invited travellers to pay €500 for 12 months of unlimited flights to any destination on its network. Alamy
Wizz Air latest promotion invited travellers to pay €500 for 12 months of unlimited flights to any destination on its network. Alamy

Wizz Air plans to expand all-you-can fly subscription package


Deena Kamel
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  • Arabic

LATEST: Wizz Air brings new long-range Airbus XLR to Abu Dhabi

Wizz Air plans to expand the all-you-can-fly subscription service it launched last month to "engage with its loyal customer base" and to further build its brand in all of its markets, its chief executive has said.

The airline is exploring offering an additional 60,000 passes within the next three months to travellers as part of its annual subscription scheme, Jozsef Varadi, Wizz Air's chief executive, told The National on Monday.

This comes after it issued 10,000 passes in August for “unlimited flights" to any destination on its route network that sold out within 24 hours.

"Clearly, the market reaction suggests that it was more popular than we thought. We just want to make sure that we execute this properly and this is what we are fine-tuning at the moment," Mr Varadi said.

"Once that platform is developed very shortly, we are going to expand that ... we are looking at possibly going for 60,000 annual passes once the expansion takes place. I would say this is probably in a couple of months or three months. That would cover our entire footprint, including the Middle East."

Wizz Air’s latest promotion invited travellers to pay €500 ($552) for 12 months of "unlimited flights to any destination on its network".

When these 10,000 passes sold out quickly, the airline put an additional 4,000 passes on sale for €600, an airline representative said. The Middle East’s share of these passes was about 20 per cent of the total, the representative said. The planned batch of 60,000 passes will also be sold for €600 each.

While the airline is seeking to "enhance engagement" with loyal customers, the subscription service also has its limitations, Mr Varadi said. "The product is offered to you with significant limitations: so you can only book three days before travelling and this is subject to availability. So it's not like you buy a very cheap pass and you do whatever you want with it," he said.

Jozsef Varadi, chief executive officer of Wizz Air, said the airline recorded robust demand for its all-you-can-fly subscription service. Bloomberg
Jozsef Varadi, chief executive officer of Wizz Air, said the airline recorded robust demand for its all-you-can-fly subscription service. Bloomberg

Wizz Air is also seeking to strike a balance between providing consumers with a fair deal and making money out of the scheme.

"You have to make sure that the limitations make sense to the consumer but that it also makes sense to the company, so that it's a win-win," Mr Varadi said.

"If you push the win over to the consumer, then this is just going to be losing money for the company. But if you kind of abuse your profit opportunity, then it's going to dissatisfy the consumer. So you have to strike the right balance and this is what we're trying to figure out. For us, it is about really enhancing the brand through consumer engagement to build loyalty even further."

Wizz Air, which bills itself as Europe's greenest airline, is introducing its flight subscription service at a time when environmental groups are condemning the global aviation sector's contribution to carbon dioxide emissions during a climate crisis.

Asked about the environmental concerns that the airline's latest promotion may raise, the chief executive said the scheme is helping to fill more airline seats to run full flights, which is more environmentally efficient.

"Think about this: what this product achieves is to fill the empty seats on airplanes, so as opposed to putting up another flight, I am actually creating more efficiency in the operation. So that's more sustainable because I still fly increased demand with the same aircraft. I am not adding another aircraft ... this is more sustainable," Mr Varadi said.

Travellers who purchased passes can now fly to destinations such as the Maldives, Iceland and Italy, with no routes excluded from the membership.

Wizz Air’s MultiPass, a 12-month subscription plan, allows subscribers to travel each month on eligible flights by paying a monthly fixed fee.

MATCH INFO

Final: England v South Africa, Saturday, 1pm

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MATCH INFO

England 241-3 (20 ovs)

Malan 130 no, Morgan 91

New Zealand 165 all out (16.5ovs)

Southee 39, Parkinson 4-47

England win by 76 runs

Series level at 2-2

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EXPATS
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Pros%20and%20cons%20of%20BNPL
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RESULTS

5pm: Maiden (PA) Dh80,000 1,600m
Winner: Omania, Saif Al Balushi (jockey), Ibrahim Al Hadhrami (trainer)
5.30pm: Conditions (PA) Dh85,000 1,600m
Winner: Brehaan, Richard Mullen, Ana Mendez
6pm: Handicap (TB) Dh100,000 1,600m
Winner: Craving, Connor Beasley, Simon Crisford
6.30pm: The President’s Cup Prep (PA) Dh100,000 2,200m
Winner: Rmmas, Tadhg O’Shea, Jean de Roualle
7pm: Wathba Stallions Cup (PA) Dh70,000 1,200m
Winner: Dahess D’Arabie, Connor Beasley, Helal Al Alawi
7.30pm: Handicap (PA) Dh80,000 1,400m
Winner: Fertile De Croate, Sam Hitchcott, Ibrahim Aseel

How to register as a donor

1) Organ donors can register on the Hayat app, run by the Ministry of Health and Prevention

2) There are about 11,000 patients in the country in need of organ transplants

3) People must be over 21. Emiratis and residents can register. 

4) The campaign uses the hashtag  #donate_hope

UAE squad to face Ireland

Ahmed Raza (captain), Chirag Suri (vice-captain), Rohan Mustafa, Mohammed Usman, Mohammed Boota, Zahoor Khan, Junaid Siddique, Waheed Ahmad, Zawar Farid, CP Rizwaan, Aryan Lakra, Karthik Meiyappan, Alishan Sharafu, Basil Hameed, Kashif Daud, Adithya Shetty, Vriitya Aravind

Young women have more “financial grit”, but fall behind on investing

In an October survey of young adults aged 16 to 25, Charles Schwab found young women are more driven to reach financial independence than young men (67 per cent versus. 58 per cent). They are more likely to take on extra work to make ends meet and see more value than men in creating a plan to achieve their financial goals. Yet, despite all these good ‘first’ measures, they are investing and saving less than young men – falling early into the financial gender gap.

While the women surveyed report spending 36 per cent less than men, they have far less savings than men ($1,267 versus $2,000) – a nearly 60 per cent difference.

In addition, twice as many young men as women say they would invest spare cash, and almost twice as many young men as women report having investment accounts (though most young adults do not invest at all). 

“Despite their good intentions, young women start to fall behind their male counterparts in savings and investing early on in life,” said Carrie Schwab-Pomerantz, senior vice president, Charles Schwab. “They start off showing a strong financial planning mindset, but there is still room for further education when it comes to managing their day-to-day finances.”

Ms Schwab-Pomerantz says parents should be conveying the same messages to boys and girls about money, but should tailor those conversations based on the individual and gender.

"Our study shows that while boys are spending more than girls, they also are saving more. Have open and honest conversations with your daughters about the wage and savings gap," she said. "Teach kids about the importance of investing – especially girls, who as we see in this study, aren’t investing as much. Part of being financially prepared is learning to make the most of your money, and that means investing early and consistently."

Updated: October 07, 2024, 11:08 AM