London · Delayed Price · Currency is GBP · Price in GBX Wizz Air Holdings Earnings Call Transcripts
Fiscal Year 2026
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Passenger and revenue growth continued, with a 42% year-over-year reduction in net loss and stable EBITDA margin. Liquidity remains strong after a major bond repayment, while maintenance and airport costs are elevated but expected to ease as the fleet transitions. Margin improvement is anticipated for fiscal 2027.
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Strong H1 results featured 9% revenue growth, improved margins, and reduced leverage, driven by operational efficiencies and a strategic shift to 10-12% annual capacity growth. Key risks remain in supply chain reliability, while market share in Central East Europe continues to expand.
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Q1 delivered strong revenue and passenger growth, with profitability supported by FX gains and cost discipline. Strategic withdrawal from Abu Dhabi and a moderated growth plan aim to improve long-term performance, while Central and Eastern Europe remains the core focus for expansion.
Fiscal Year 2025
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Fiscal 2025 saw revenue and passenger growth but was heavily impacted by Pratt & Whitney engine groundings, driving up costs and grounding 21% of capacity. Strategic focus is on network optimization, cost control, and transitioning to more direct aircraft ownership, with margin recovery expected as engine issues subside.
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Revenue and demand remain strong, but higher-than-expected costs, engine maintenance issues, and FX volatility have led to a downward revision in profit guidance. Growth is resuming, with a focus on network densification and improved cost management as grounded aircraft return to service.
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Revenue and yield momentum remain strong, with double-digit RASK improvements expected in H2. Cost pressures from groundings and wet leases are set to ease, supporting margin recovery and robust cash generation. Growth will focus on densifying core European markets.
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Profitability was impacted by FX losses and one-off wet lease costs, but operational KPIs and revenue per unit improved year-on-year. Guidance was lowered to €350M–€450M net profit, with cost pressures expected to ease as wet leases phase out and fleet growth moderates due to Airbus delays.