Wizz Air Holdings (WIZZ)

Sector:

Tourism and Leisure Services

Index:

FTSE 250

2,182.00p
   
  • Change Today:
    -2.00p
  • 52 Week High: 2,755.00
  • 52 Week Low: 1,546.50
  • Currency: UK Pounds
  • Shares Issued: 103.36m
  • Volume: 58,684
  • Market Cap: £2,255.35m
  • RiskGrade: 205

Wizz Air returns to full-year profit amid 'sustained' demand

By Michele Maatouk

Date: Thursday 23 May 2024

LONDON (ShareCast) - (Sharecast News) - Budget airline Wizz Air said on Thursday that it returned to profit in the year to the end of March amid "sustained" demand.
The company swung to a profit of €365.9m from a loss of €535.1m a year earlier as revenue jumped 30.2% to €5bn.

Passenger numbers rose 21.4% during the year to a record 62 million. The load factor - which gauges how the full planes are - improved to 90.1% from 87.8%.

Chief executive József Váradi said: "Sustained healthy demand for air travel across our markets was a defining feature of F24, signalling that the surge witnessed post pandemic has evolved into a longer-term trend in consumer behaviour. Wizz Air has been strongly positioned for this trend as reflected in our performance for the year.

"We placed a sharp focus on increasing utilisation, improving load factors and lowering unit costs (fuel and ex-fuel), and continued to invest in our operations. Our efforts saw us carry a record number of passengers during the year, return to profitability and reduce financial leverage while maintaining our total cash position."

The airline said current trading indicators are positive, with selling load factors trending higher year-on-year in the first two fiscal quarters and unit revenue performing equally well.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

WIZZ Market Data

Currency UK Pounds
Share Price 2,182.00p
Change Today -2.00p
% Change -0.09 %
52 Week High 2,755.00
52 Week Low 1,546.50
Volume 58,684
Shares Issued 103.36m
Market Cap £2,255.35m
RiskGrade 205

WIZZ Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
23.97% below the market average23.97% below the market average23.97% below the market average23.97% below the market average23.97% below the market average
26.92% above the sector average26.92% above the sector average26.92% above the sector average26.92% above the sector average26.92% above the sector average
Price Trend
16.34% above the market average16.34% above the market average16.34% above the market average16.34% above the market average16.34% above the market average
1.82% above the sector average1.82% above the sector average1.82% above the sector average1.82% above the sector average1.82% above the sector average
Income Not Available
Growth
58.36% above the market average58.36% above the market average58.36% above the market average58.36% above the market average58.36% above the market average
49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average49.02% above the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 10
Sell 1
Strong Sell 2
Total 22
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

WIZZ Dividends

No dividends found

Trades for 16-Jul-2024

Time Volume / Share Price
13:45 37 @ 2,182.00p
13:45 182 @ 2,182.00p
13:45 18 @ 2,182.00p
13:42 5 @ 2,187.97p
13:37 2 @ 2,188.00p

WIZZ Key Personnel

Chair William Franke
CEO Jozsef Varadi

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