Updates

Wizz Air

August 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Full year results were slightly ahead of expectations for Eastern Europe focused low cost airline Wizz. Full year net profit of Eu291.6m for the year ended March beat Barclays’ forecast for Eu283m, or 6.9% ahead of FY’18. Sales rose 19.6% to £2.3bn while eps increased 7% to 234 cents.During 2019 the group carried 34.6m passengers, a sparkling 16.7% increase over FY’18, while revenues per available seat kilometre increased 2.3% to 3.85 cents, consolidating its market leading position in the Central and Eastern Europe (CEE) low cost market with a 39% share. 125 new routes were started in FY’19, while ticket revenue jumped 21% to Eu1,366m and ancillary revenue grew 18% to Eu953m. Meanwhile capacity ...

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