DAVY VIEW

Wizz Air has reported a net profit of €213.9m, ahead of the €125-175m guided range. The result includes an income tax credit of €194.2m. Unit costs were impacted by GTF groundings with total CASK +11% and ex-fuel CASK +20%. For FY26, capacity is expected +20% year-on-year (yoy) (ASKs) with revenues higher than FY25 “supported by current bookings”. Slightly higher ex-fuel CASK due to continued GTF grounding pressure on costs. It expects c.35 groundings as run-rate for FY26 (currently 37 aircraft are grounded). Total cash stood at €1,736m at year end. During FY26 the company expects to take 42 new A321neo and eight XLR deliveries.