Wizz Air's FY EBIT falls less than expected despite higher costs, route cancellations

Wizz Air Holdings

Today 07:11

Overview
Europe low-cost airline's fiscal 2026 revenue rose 8% but missed analyst expectations
Fiscal 2026 operating profit beat analyst expectations despite year-on-year decline
Net profit dropped sharply due to higher costs and route cancellations linked to geopolitical events

Outlook
Company is not giving guidance for F27 due to limited visibility and geopolitical uncertainty
Wizz Air sees Q1 F27 capacity up 15% YoY, Q2 F27 up 20% YoY
Company expects Q1 F27 RASK down mid-to-high single digit YoY, Q2 F27 flattish YoY

Result Drivers
COST INCREASES - Higher maintenance, depreciation, and crew costs weighed on operating profit, as older aircraft exited the fleet and staff numbers rose
GEOPOLITICAL DISRUPTION - Route cancellations in the Middle East, including Tel Aviv and Abu Dhabi, reduced revenue and load factor
FUEL COSTS AND EFFICIENCY - Lower fuel prices and a greater share of fuel-efficient NEO aircraft reduced fuel costs, but were offset by higher spending on sustainable aviation fuel and emissions schemes

Company press release: ID:nRSK8461Ha

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 5.69 bln
EUR 5.76 bln (20 Analysts)
FY EBIT
Beat
EUR 139.7 mln
EUR 88.51 mln (18 Analysts)
FY EBITDA
 
EUR 1.32 bln
 
FY EBITDA Margin
 
23.2%
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and 10 "sell" or "strong sell"
The average consensus recommendation for the airlines peer group is "buy."
Wall Street's median 12-month price target for Wizz Air Holdings PLC is GBp950.00, about 1.8% below its June 10 closing price of GBp967.00

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)