Wizz Air shares rise on new medium-term financial targets, upgraded revenue outlook
BUZZ-Wizz Air shares rise on new medium-term financial targets, upgraded revenue outlook ** Shares of European budget carrier Wizz Air WIZZ.L up 2.4% at 972.1p
** The airline sets out medium-term financial targets of achieving €10 billion ($11.47 billion) in revenue and a 10% EBIT margin by fiscal year 2030
** Co upgrades its Q2 RASK outlook to flat year-on-year from a prior forecast of low-single-digit decline
** However, it trims its originally planned capacity for H2 by 5%, due to Iran war volatatlity
** As of last close, WIZZ down ~25.4% YTD
(Reporting by Atharva Singh in Bengaluru)
Recent news on Wizz Air Holdings
See all newsBrief: Amadeus Signs Deal To Make Wizz Air Content Available On Its Platform
Wizz Air Holdings - Wizz Air Omnibus Plan award grants
Europe Research Roundup: Anglo American, Carmila, Greencore
Jet fuel crunch puts 2027 earnings at risk for European airlines, JPM says
Wizz Air in talks with airports to take over slots from carriers at risk of bankruptcy