Speaking as he released the full year results for the year ending March 31, 2017, chief executive Jozsef Varadi said the vote last year had had no impact on passenger numbers.

However, he admitted the ensuing depreciation of the pound had cost the airline €17 million, although he added the cost had been absorbed by the rest of the airline’s network.

Brexit aside, Varadi said the airline had still been able to increase passenger numbers by nearly a fifth, thanks to its low-cost model.

He said passenger numbers had grown by 19% to 23.8 million while revenue was up 10% to €1.57 billion.

This led to a record profit for the year at €246 million, an increase of 27.5% year on year.

With many other airlines in Europe reporting difficulties due to the current economic climate, Varadi said the figures proved the airline’s model was a successful one.

He added: "The resilience of our ultra-low cost business model combined with our growing, diversified network and our ever stronger balance sheet places Wizz Air in a unique position to exploit the significant market opportunity that exists in the CEE market of over 300 million people.

“We will continue to expand our route network, drive efficiency in our operating model, grow our ancillary revenue streams and enhance our compelling customer proposition.

“This winning formula leaves Wizz Air well placed to continue to deliver significant returns for our shareholders."