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May 31 2019, 09:10 IST/BST
Wizz Air Holdings
Continuing to drive high growth profitably
- Sectors : Airlines
- Companies : Wizz Air Holdings
DAVY VIEW
Wizz Air has reported a solid set of FY 2019 financials and its FY 2020 outlook captures a robust view on RASK, led in particular by stronger ancillaries. However, looking through the various moving parts on expenses (IFRS 16 and tax rate related), sell-side consensus (net income of €356m) will likely need to be trimmed to come more in line with the company’s outlook (€320-350m). In our view, the long-term investment case remains attractive.
