Wizz Air introduces $550 “all you can fly” subscription

The Street

TheStreet’s Conway Gittens brings you the biggest news of the day, including what investors are watching and a European airline unveils its “all you can fly” plan.

Transcript

00:00I'm Conway Giddens reporting from the New York Stock Exchange. Here's what we're watching on the street today.

00:05The latest inflation figures prompted Wall Street to scale back expectations of an aggressive September interest rate cut by the Federal Reserve.

00:13July consumer prices saw their lowest year-over-year gain since March 2021.

00:19Investors faced a big test on Thursday with retail sales, jobless claims, and Walmart's quarterly results on the calendar.

00:27Turning to other business headlines, if you've ever dreamed of traveling through Europe, how about a travel subscription?

00:34For $550 a year, you can get the all-you-can-fly pass from Wizz Air.

00:40Wizz is a Hungarian-based ultra-budget airline flying 780 routes in 53 countries across Africa, Asia, and Europe's major cities.

00:50According to the carrier's website, you can fly as many one-way or round-trip flights as you want within its global network.

00:57All it requires is a three-day advance booking.

01:00The only additional cost is an $11 booking fee, depending on the exchange rate, and a luggage fee for any bags beyond a personal item.

01:08This fee applies to each bag, whether it's a carry-on or checked-in.

01:14As for the fine print, Wizz says subscription seats are subject to availability.

01:20And, quote, by signing up for all-you-can-fly, you cannot terminate your membership before the 12-month membership commitment period is over.

01:28The membership cannot be transferred to another passenger.

01:31The all-you-can-fly is designed for individual travelers, so you cannot book all-you-can-fly tickets for others.

01:37By the way, that $550 price is just for the first year.

01:41It automatically renews on your credit card at $650 every year after that.

01:47Airlines are looking for ways to drum up business as customers cut back on spending here in the U.S.

01:53Frontier's unlimited Go Wild Pass has an annual fee of $599.

01:59That'll do it for your daily briefing.

02:01From the New York Stock Exchange, I'm Conway Gittins with The Street.

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