Updates

Wizz Air

September 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.

Budget airline Wizz Air’s Q1 results, covering the three months ended 30th June, revealed an 87% reduction in revenues to EU90.8m, resulting in a net loss of EU56.7m. This reflects the full blast from Covid-19 with most lockdowns occurring in mid to late March, which led to a 93% reduction in passengers flown to 707,184, while the load factor reduced from 93.7% to 55.5%. These, of course, are now backward looking as there are signs the airline sector is seeing some improvement in trading, notwithstanding new quarantining of passengers returning from certain countries like Spain, affecting short term confidence. The group kept busy with seven new airport bases, the expansion of another three bases an ...

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

Subscribe now

Already a subscriber? Login

Cairn Energy - Disposal of Senegal assets

Applegreen

Wizz Air (March 2021)

Wizz Air (July 2020)

Wizz Air - First to re-start commercial flights (June 2020)

Wizz Air - Director buying highlights value (May 2020)

Wizz Air - Upgrades guidance (March 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