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Nov 9 2020, 06:45 GMT
While key attractions of the Wizz Air investment case – efficient costs, aggressive growth and strong liquidity – have been potently reaffirmed, uncertainties remain. We think the company over-extended capacity through summer – it needs to manage this balance better this winter. Equally, we would see merit in an easing of its delivery schedule as demand tentatively returns. A very strong long-term potential exists at Wizz and there is no need to rush the process. We remain ‘Neutral’ with a £35 price target.
Nov 9 2020, 06:45 GMT