image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Wizz Air - Upgrades guidance

March 2020

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.

  • Epic Code:
  • WIZZ
  • Price:
  • 4486p
Shares in Wizz, the largest low-cost airline covering the Central & Eastern European market, hit new highs following superlative results for Q3 to 31 December, which noted revenues and EBITDA rising 25% to Eu637m and Eu132m, respectively. Net profit swung from a loss of Eu21m to a profit of Eu22.4m. These reflect a healthy 23% jump in passengers carried to 10m, boosting ticket sales by 15.5% to Eu336m while ancillary revenues rose 37% to Eu301m. The improved demand also saw better utilisation of its fleet with the load factor (how many available seats per plane are taken up) increasing by 1.1% from 91.4% to 92.5%.Efficiency gains reduced ex-fuel unit costs by 5.6% and although fuel unit costs rose 5.2%, the fall in oil prices m ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Wizz Air (March 2021)
Wizz Air (September 2020)
Wizz Air (July 2020)
Wizz Air - First to re-start commercial flights (June 2020)
Wizz Air - Director buying highlights value (May 2020)
Wizz Air - Low-cost airline boasts superlative growth record (January 2020)
Wizz Air (August 2019)
Wizz Air (May 2019)
Wizz Air - Low cost airline forecast to grow eps 78% between FY'18-FY'21 (January 2019)
Wizz Air - Heir to Easyjet in CEE markets growing like topsy (December 2018)
Wizz Air - Budget airline enjoys strong debut (April 2015)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X