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Wizz Air Holdings PLC on Tuesday announced the launch of a new direct flight between London Gatwick and Medina in Saudi Arabia, as it celebrates its tenth year being listed on the London Stock Exchange. The Budapest-based budget airline said the new route, which facilitates more than 174,000 seats a year, launches on August 1 and will be the second Wizz Air flight from the UK that uses the longer-range Airbus XLR aircraft. The first flight is scheduled on March 31 from London Gatwick to Jeddah in Saudi Arabia. ‘Celebrating 10 years on the London Stock Exchange is a testament to Wizz Air’s resilience, ambition and strategic vision. As we enter a new era of stability and profitability, we are focused on sustainable growth, expanding our network, and enhancing our financial strength,’ said Chief Executive Officer Jozsef Varadi. ‘Today’s launch of the new route from London Gatwick to Medina demonstrates this, and is an important milestone for the airline, as we continue to widen our network from the UK beyond Europe. We are proud to be the airline that connects iconic cities around the world, and we look forward to providing even more opportunities for travel in the future. ‘The London Stock Exchange has been instrumental in supporting our access to capital, enabling us to invest in next-generation fleet technology, SAF innovation and long-term market expansion. The airline group remains committed to delivering shareholder returns, driving operational excellence and redefining the future of affordable, sustainable travel.’ Wizz Air is targeting passenger growth of 15% to 20% annually. Shares in Wizz Air were up 0.8% at 1,574.00 pence in London on Tuesday afternoon. The stock has fallen 28% over the last twelve months, but has risen 20% since its initial public offering in 2015. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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