Wizz Air Offers $550 All-You-Can-Fly Annual Pass for Flights Within Europe

If you have plans to criss-cross Europe over the coming year, a new "All you can fly" pass from Wizz Air may help ease the impact on your budget.

The Hungarian airline recently announced on its website that travelers flying in Europe can take unlimited flights for 499 euros (which amounts to about $550) as part of a new travel subscription the carrier is offering.

But you better act fast, the bargain price expires today - August 15. After today, the price increases to its regular 599 euros (Still a significant bargain.)

With the “All you can fly” pass, travelers are able to book one-way and round-trip flights throughout the year. Or as the Wizz website promises: you can have “unlimited adventures per year” with the “All you can fly" subscription.

Those who purchase the pass can book flights on all international routes within the Wizz network.

Wizz Air flies to approximately 148 international destinations across 43 countries. European destinations include Athens, Greece; Madrid, Spain; Paris, France, and Reykjavik, Iceland.

Each booking made with the “All you can fly” pass incurs a flat fee of 9.99 euros and you’ll also have to pay for any luggage beyond one personal item.

There is one caveat however. The airline has said it initially plans to release just 10,000 “All you can fly” memberships - meaning, you better act fast if you want to get in on this deal.

The offering is also being launched at a time when Wizz Air is struggling with making a profit, according to NBC News. The Hungarian carrier recently reported a 44 percent decline in first quarter operating profits.

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