Wizz Air posts Q1 loss on fuel, depreciation costs and lower unit revenue

Wizz Air Holdings

06/08/2026 07:18

Overview
European ultra-low-cost carrier's Q1 revenue grew 5.5% yr/yr, slightly missing analyst expectations
Company posted Q1 net loss, citing higher fuel and depreciation costs and lower unit revenue
Passenger numbers rose 25% yr/yr, but RASK fell 8% and CASK increased 5%

Outlook
Company expects Q2 ASKs up about 20% YoY, seats up high twenties percent
Wizz Air sees Q2 RASK down low single digits despite capacity growth
Company anticipates Q2 fuel CASK up mid-to-high single digits, H1 ex-fuel CASK up low single digit YoY

Result Drivers
FUEL COSTS - Co said a 21% rise in unit fuel costs and higher market prices drove up expenses and contributed to the net loss
DEPRECIATION AND FLEET CHANGES - Higher depreciation linked to CEO redeliveries and a growing share of NEO aircraft increased costs
UNIT REVENUE DECLINE - RASK fell 8% yr/yr due to significant capacity growth and lower ticket and ancillary yields

Company press release: ID:nRSF4792Pa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Slight Miss*
EUR 1.51 bln
EUR 1.52 bln (3 Analysts)
Q1 EBITDA
 
EUR 147.40 mln
 
Q1 EBITDA Margin
 
9.80%
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

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 GBp1,200.00, about 4.6% above its August 5 closing price of GBp1,147.00

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(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.)