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Nov 7 2024, 08:20 GMT
Wizz Air Holdings
Full year guidance maintained
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
Wizz Air has maintained current PAT guidance for FY of €350-450m (Davy: €333.7m, consensus: €309m). H1 came in €315.2m, -21.3% year-on-year (yoy) (consensus: €316m). Revenue is continued to be guided for FY25 RASK up mid-single digits yoy. While on costs, FY25 ex-fuel CASK up mid-teens yoy (previously high-single digits), FY25 fuel CASK is down 3-5% yoy (previously flat). Key for the market is to when it sees a return to more normal operations and exit the downgrade cycle. 15-20% growth should resume in FY26.
