|Bid||36.21 x 300000|
|Ask||39.82 x 300000|
|Day's range||36.06 - 36.06|
|52-week range||26.49 - 41.63|
|Beta (3Y monthly)||0.84|
|PE ratio (TTM)||15.86|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Low-cost airline Wizz Air has raised its full-year capacity growth outlook after a strong start to its financial year, benefitting as struggling rivals cut their expansion plans. Shares in Wizz rose 5.5% after the central and eastern European-focussed carrier said it was confident in reiterating its full-year outlook, in contrast to profit warnings from the likes of Lufthansa. There is a strategic opportunity for us to step up and fill the vacuum in the market," Chief Executive Jozsef Varadi told Reuters.
Low-cost airline Wizz Air has raised its full-year capacity growth outlook after a strong start to its financial year, benefiting as struggling rivals cut their expansion plans. Shares in Wizz rose 5.5% after the central and eastern European-focused carrier said it was confident in reiterating its full-year outlook, in contrast to profit warnings from the likes of Lufthansa. There is a strategic opportunity for us to step up and fill the vacuum in the market," Chief Executive Jozsef Varadi told Reuters.
Wizz Air will use 20 new extended-range, narrow body Airbus jets primarily to connect existing destinations in its disparate network rather than to fly to new places, the budget airline's Chief Executive Jozsef Varadi said on Wednesday. Indigo Partners, the private equity firm of veteran low-cost airline investor Bill Franke, agreed on Wednesday to acquire 50 of the new long-range version of Airbus' A321neo jet, 20 of which will go to Wizz. Wizz, which operates a fleet of 113 Airbus A320 and Airbus A321, would not need to change its operating model to accommodate the new A321XLR jets, Varadi said, as it would be able to fly essentially the same planes a little longer.
Wizz Air has managed to defy some of the gloom surrounding the European aviation market with a record annual profit and an expectation of continued growth into 2020. The carrier, which has one of the lowest cost bases in the European market, believes it will be one of the winners in a difficult period for […]The post Wizz Air Defies Tough European Aviation Market With Record Annual Profit appeared first on Skift.
London's FTSE 100 fell almost 1% on Friday after U.S. President Donald Trump's threat of tariffs on Mexico and disappointing manufacturing data from China stoked global downturn fears. The main index hit a more than two-and-a-half month low, while the mid-cap FTSE 250 fell 0.7%, with both recording their first monthly falls this year.
Turbulence in the airline industry has benefitted Wizz Air with the budget carrier expecting profits to grow in the current year. Against a backdrop of other carriers going bust, Wizz Air saw passenger numbers soar by 16.7% in the year to 31 March. Wizz's focus on eastern and central Europe means it is sheltered from some of the intense competition on popular Mediterranean routes, unlike its rivals easyJet and Ryanair.
Low cost carrier Wizz Air said it believes it is better placed than rivals to navigate a challenging operating environment and higher fuel costs in the coming year after delivering solid annual results on Friday. Wizz said profit would rise in the coming year and it expects opportunities to lift market share as competitors withdraw unprofitable capacity in the face of more costly fuel. Wizz's focus on eastern and central Europe means it is sheltered from some of the intense competition on popular Mediterranean routes which has dampened the pricing outlook for the likes of easyJet and Ryanair.
Wizz Air's chief executive is confident his low-cost carrier can grow in Britain and tackle the challenges presented by Britain's decision to leave the European Union. Jozsef Varadi told Reuters on Tuesday that Wizz still had work to do to meet EU rules after Brexit but said it was time for Britain to "just get it done and move beyond Brexit" as the deadline for the country's departure has been pushed back.
LONDON (Reuters) - Low-cost airline Wizz Air said its net profit for the year to end-March would be in the upper half of its 270-300 million euros (£232-257 million) guidance, reflecting robust demand ...
An Italian administrative court said on Thursday it had suspended fines imposed on Ryanair and Wizz Air by the country's competition watchdog over the two carriers' hand luggage policies. Last February, ...
Departures from Rome's Ciampino airport, which is used by budget airlines Ryanair and Wizz Air (Frankfurt: WI2.F - news) , will continue to be blocked on Wednesday after a small fire broke out in the terminal basement, airport authorities said. Aeroporti di Roma (ADR), which manages the site, said the early morning fire was put out "in less than a minute" and photographs from the scene suggested that only some cardboard had been burnt, with no significant damage reported. The fire stopped departures for most of Tuesday, causing an unspecified number of flights to be cancelled.
Growth in passenger numbers at European airports slowed in 2018 and freight traffic decelerated sharply, airport association ACI Europe said on Wednesday, adding that uncertainty over the global economy and Brexit could hinder numbers this year too. Passenger growth in Europe slowed to 6.1 percent in 2018 from 8.5 percent in 2017, which had been the quickest growth since 2004. Freight traffic declined much more sharply, from 8.4 percent growth in 2017 to 1.8 percent last year, with drops in traffic in November and December.
Uncertainty over Brexit is hitting bookings for budget airline Wizz Air and could mean that full-year results come in towards the lower end of its guidance, the company said on Wednesday. Wizz Air maintained its full-year net profit forecast range of 270-300 million euros (235-262 million pounds) but said that final results for the year to the end of March would depend on how badly Brexit hit consumer confidence. "Consumers are uncertain and they (will) probably postpone their bookings.
Vienna Airport said on Tuesday it expects 2019 net profit to rise 10 percent, helped by an increase in the number of passengers, who it hopes will be lured by new long-haul routes and more low-cost offers. Vienna Airport, which will publish 2018 earnings on Feb. 26., said it expects earnings before interest, tax, depreciation and amortisation (EBITDA) to exceed 370 million euros this year. The group reported an 11.3 percent increase in passengers last year to a record high 34.4 million and forecast passenger growth of 8 to 10 percent to more than 38 million travellers this year.
** Morgan Stanley sees many externalities weighing on sector in 2019 and looks to names where key earning deltas can be positive with self help ** Sees global macro momentum slowing, oil prices and USD ...
Ryanair cut its forecast for full-year profit for the second time in three months on Friday, this time blaming lower-than-expected winter fares, and said it could not rule out a further downgrade if Brexit causes disruption. Shares in the Irish-based carrier fell on the news and also weighed on rivals such as EasyJet (Frankfurt: A1JTC1 - news) as Ryanair said short-haul overcapacity in Europe had led to fare cuts. Europe's largest low-cost airline now expects profit after tax for its financial year to March 31 - excluding start-up losses at its Laudamotion unit - of between 1 billion euros ($1.14 billion) and 1.1 billion euros, compared to a previous estimate of 1.1 billion euros to 1.2 billion euros.
Lufthansa (Xetra: LHAB.DE - news) 's Austrian Airlines said on Thursday it will invest 200 million euros ($228 million) to expand its Airbus fleet to compete with fast growing low-cost carriers. Vienna Airport, one of Europe's main hubs for eastern European destinations, introduced an incentive scheme after the collapse of Air Berlin (LSE: 0GPE.L - news) to attract new carriers, which has proved particularly successful with low cost airlines. Budget carriers including Ryanair, easyJet, Wizz Air (Frankfurt: WI2.F - news) , IAG's Vueling and Level, and Lufthansa's Eurowings have since launched or increased services and Vienna's airport has reported a 10 percent increase in passenger numbers in the 11 months to the end of November.
Ryanair has been named the worst airline for short-haul flights from the UK for the sixth consecutive year. Passengers gave the Dublin-based carrier the lowest possible rating when it comes to boarding, seat comfort, refreshments and cabin environment, according to a survey. Of those who said there was one airline which they would never travel on, more than two out of three (70%) named Ryanair.
Italy's antitrust said on Wednesday it was opening a probe against Ryanair and Wizz Air over their new hand luggage policies. The regulator last week requested for the two low cost airlines to suspend ...
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