Wizz Air Holdings

Delayed recovery

  • Sectors : Airlines
  • Companies : Wizz Air Holdings

Ratings and price correct at time of issue.

  • Wizz Air Holdings

    Closing Price: 1863.0p

  • RATING 12/01/23

  • PREVIOUS RATING 25/04/22

    NEUTRAL

DAVY VIEW

Wizz reported a H1 net profit of €400.7m, a c.30% miss versus consensus. Accounting for the impact of GTF-related groundings, FY25 capacity growth is expected to be flat year-on-year (yoy) (Davy f: +20%, subject to necessary revision). The FY24 net income guide has narrowed to €350-400m (previously €350-450m).

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Nov 9 2023, 08:50 GMT

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