Download full report with analyst certification and important disclosures
Aug 4 2020, 06:50 IST/BST
Wizz Air Holdings
Leveraging the balance sheet to grow in a weak market
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
The scope of Wizz’s ambitions is underlined by its accelerated delivery schedule at a time when the broader airline space is releasing available capacity. This will incur price investment and our FY22 estimates are nudged down accordingly, but the long-term benefits are clear. We remain fans of this long-term potential but see the path as bumpy and the stock as fairly priced. We retain our ‘Neutral’ recommendation and £34.0 price target.
