Download full report with analyst certification and important disclosures
May 23 2024, 08:10 IST/BST
Wizz Air Holdings
In the black again
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
Wizz Air reported profitability of €365.9m, in line with net income guidance (€350-370m), with initial FY25 guidance of €500-600m (Davy: €527m). Our sense is that the lingering GTF engine issue will limit growth (flat FY25) to <20% in FY2026. Lower growth is perhaps more measured and more positive in an industry capacity context. This can impact working capital, but we still expect a reduction in net debt during the year – which is an imperative. We would describe management of the GTF issue as ‘encouraging’.
