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Fortune
Fortune
Prarthana Prakash

European budget airline Wizz Air CEO defends his $127 million pay-out as it will help everyone—including its employees

Jozsef Váradi talking (Credit: Chris Ratcliffe—Bloomberg/Getty Images)

Wizz Air’s business has taken off since the pandemic, with resurgent travel demand helping the London-listed budget airline turn its first annual profit in three years in the 12 months to March. 

Another upside of its solid performance? If it helps Wizz Air’s stock to hit a certain threshold, CEO and cofounder Jozsef Váradi will take home a £100 million ($127 million) bonus.

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