BRUSSELS—Wizz Air has become the second European LCC to post a net profit margin well above the industry average, despite Brexit, security concerns and falling yields. The Eastern European airline said net earnings in the six months to Sept. 30 rose 39.1% to a “record” €253.3 million ($276.9 million), while revenue was 10.1% higher at €921.2 million. This equates to a net profit margin of 27.5%, up 5.7 percentage points on the year-ago period. Earlier this week, ...

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