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WIZZ — Wizz Air Holdings News Story

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Brief: Wizz Air Sees H1 Ex-Fuel Unit Costs Up Low Single Digits Year-On-Year

BRIEF-Wizz Air Sees H1 Ex-Fuel Unit Costs Up Low Single Digits Year-On-Year

- Wizz Air Holdings PLC WIZZ.L:

  • WIZZ AIR HOLDINGS - F27 Q1 RESULTS

  • WIZZ AIR OUTLOOK Q2 ASKS UP CIRCA 20% YOY, SEATS UP HIGH TWENTIES PERCENT

  • WIZZ AIR: Q1 EX-FUEL CASK EUR 3.05 CENT

  • WIZZ AIR OUTLOOK Q2 RASK DOWN LOW SINGLE DIGITS (SUPPORTED BY STAGE LENGTH REDUCTION), NOTWITHSTANDING UNPRECEDENTED CAPACITY GROWTH

  • WIZZ AIR HOLDINGS OUTLOOK H1 EX-FUEL CASK UP LOW SINGLE DIGIT YOY

  • WIZZ AIR OUTLOOK Q2 FUEL CASK UP MID-TO-HIGH SINGLE DIGITS (BASED ON CURRENT MARKET PRICES)

  • WIZZ AIR: CURRENT TRADING INDICATING Q2 RASK DOWN LOW SINGLE DIGITS

  • WIZZ AIR OUTLOOK H1 FLAT YOY LOAD FACTOR

  • WIZZ AIR OUTLOOK H1 EX-FUEL CASK UP LOW SINGLE DIGIT YOY

  • WIZZ AIR: F27 JET-FUEL IS 76% HEDGED WITH A CAP OF US$819/MT. H1 F28 IS 39% HEDGED WITH A CAP OF US$864/MT

  • WIZZ AIR: AS OF 29 JULY, USING JET FUEL ZERO-COST COLLARS, HAS ACCUMULATED HEDGE COVERAGE OF 73 PER CENT OF ITS JET FUEL NEEDS FOR Q2 TO Q4 PERIOD

  • WIZZ AIR: AS OF 30 JUNE, HAD 96 PER CENT OF $4.6 BLN USD LEASE LIABILITY HEDGED USING A BLEND OF USD CASH DEPOSITS, AND CROSS CURRENCY SWAPS

  • WIZZ AIR: CONTINUE TO SEE BUILD-UP OF FORWARD BOOKINGS, REST OF YEAR EXPECTED TO PRESENT BOTH INDUSTRY CHALLENGES & STRATEGIC OPPORTUNITIES

  • WIZZ AIR: READY TO TAKE ADVANTAGE OF MARKET OPPORTUNITIES THAT MAY ARISE AS SUPPLY & DEMAND REBALANCE ACROSS EUROPE

  • WIZZ AIR: GROUNDED AIRCRAFT IS REDUCING AND PLAN TO RETURN AFFECTED FLEET TO SERVICE BY END OF CALENDAR 2027 REMAINS ON TRACK

  • WIZZ AIR: EXPOSURE TO MIDDLE EAST REGION WAS LIMITED AND MOSTLY FOCUSED ON ISRAEL

  • WIZZ AIR: AS OF 30 JUNE, WIZZ AIR HAD 27 AIRCRAFT GROUNDED DUE TO GTF ENGINE-RELATED INSPECTIONS

  • WIZZ AIR HOLDINGS Q1 EBITDA EUR 147.4 MILLION

  • WIZZ AIR HOLDINGS Q1 EBITDA MARGIN 9.8%

  • WIZZ AIR HOLDINGS Q1 REVENUE EUR 1,507.4 MILLION

Source text: ID:nRSF4792Pa

Further company coverage: WIZZ.L


((Reuters.Briefs@thomsonreuters.com;;))

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