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Aug 1 2024, 08:01 IST/BST
Wizz Air Holdings
Q1 results: ongoing supply chain challenges and competitive landscape
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
Wizz Air reported profitability of €1.2m (Davy: €61.9m; consensus: €94.9m), noting a €27m FX headwind year-on-year (yoy). As a result of the GTF groundings, its available fleet count was -4.1% yoy. Ex-fuel CASK was +8.2% yoy and total CASK +7.0% yoy. Wizz has revised its full year net income guidance to €350-450m (previously: €500-600m), highlighting: “Moderate revenue pressure driven by close-in booking pricing challenge and competitive behaviour, Structural ATC issues persisting”.
