Message : Required fields PARIS (Reuters) -European budget airline Wizz Air warned of further losses in its current financial year, amid a slower-than-expected recovery from the COVID-19 pandemic. The ultra-low cost carrier faces another "transition year" as travel curbs linger on, Chief Executive Jozsef Varadi said on Wednesday, as the company posted a 576 million euro ($703 million) net loss for the 12 months ended March 31. "Unless we see an accelerated and permanent lifting of restrictions we expect a reported net loss in full-year 2022," Varadi said. Despite the uncertainty, Wizz and low-cost peers such as Ryanair have used the crisis to add new routes as traditional airline rivals retrench. The Hungarian carrier now has 43 aircraft bases operating or announced, compared with 25 before the pandemic.