|Bid||3,873.00 x 0|
|Ask||3,875.00 x 0|
|Day's range||3,813.00 - 3,897.00|
|52-week range||2,667.00 - 3,970.00|
|Beta (3Y monthly)||0.31|
|PE ratio (TTM)||15.05|
|Earnings date||13 Nov 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||35.73|
Nov.13 -- Jozsef Varadi, chief executive officer and co-founder of Wizz Air Holdings Plc, discusses the low-cost carrier's full-year profit outlook, growth prospects and doing business in London amid Brexit uncertainty. He speaks on “Bloomberg Markets: European Open.”
It used to be the case that airlines could skirt around the issue of their environmental impact. Sure, most people knew that in some way getting on a machine powered by fossil fuels was probably bad, but it wasn’t front of mind. Today things are very different. The world is getting warmer thanks to human […]
For a long time, Ryanair was out on its own as the only true ultra-low-cost airline in Europe but then along came Wizz Air. Backed by Indigo Partners, which is also invested in Frontier and Volaris, Wizz Air has expanded across much of eastern and central Europe, mopping up the routes previously served by old […]
Wizz, which mainly flies to central and eastern Europe, said on Wednesday net profit for the financial year 2020 would be between 335 million euros to 350 million euros (£288.50 million to £301.42 million). Chief Executive Officer József Váradi said the airline was increasing its capacity growth rate to 22%, from 20% promised in July, while net profit for the six months ended Sept. 30 rose 87.1% to 371.5 million euros. Wizz, which competes with Lufthansa's Eurowings brand at European airports such as Vienna, is performing well in an industry plagued by weaker demand, rising fuel costs, competition, strikes, bankruptcies and the grounding of Boeing's 737 MAX fleet.
Wizz Air lifted the bottom end of its annual profit forecast and further raised its capacity growth outlook, as the budget airline flew more passengers and curbed costs in the first-half, while struggling rivals cut expansion plans. Wizz, which mainly flies to central and eastern Europe, said on Wednesday net profit for the financial year 2020 would be between 335 million euros to 350 million euros ($369.17 million to $385.70 million). Chief Executive Officer József Váradi said the airline was increasing its capacity growth rate to 22%, from 20% promised in July, while net profit for the six months ended Sept. 30 rose 87.1% to 371.5 million euros.
You don’t become one of the most successful budget carriers around by taking potentially expensive risks, and Wizz Air isn’t going to follow some of its rivals in embarking on a low-cost, long-haul strategy, at least not until the right aircraft appears. The central and eastern European specialist has steadily increased both revenue and profit […]
Rupert Hargreaves looks at a FTSE 250 (INDEXFTSE:MCX) growth stock that’s doubled in value since 2017 and has the potential to do so again over the next few years.
The boss of Hungarian low-cost airline Wizz Air said he did not expect Brexit to disrupt his operations, and that it could actually present an opportunity to grow as competitors fall away. Chief Executive Jozsef Varadi told Reuters that Wizz Air's UK subsidiary had all permits that would be needed to operate flights between Britain and EU member countries, as well as nations. The carrier, which is headquartered in Hungary but listed in London, founded Wizz Air UK in 2017 as a contingency to ensure full market access to Britain beyond Brexit.
Airlines are among the most exposed in the corporate world to swings in the price of oil, or the value of the dollars in which it is priced, and normally take steps to offset the risks through hedging operations, where they typically pay a small premium for the right to buy relevant assets under certain conditions. Wizz, the largest low-cost airline in Central and Eastern Europe's former communist economies, said it had used lower fuel prices this year to hedge 77% of its projected jet fuel requirements for fiscal 2020 ending next March and 43% for fiscal 2021. Its policy minimum levels are respectively 50% for 12 months and 40% for an 18-month horizon.
It might seem bad, but the worst that can happen when you buy a stock (without leverage) is that its share price goes...
Finding stocks that have both positive share price momentum and improving financial health trends is a great way of finding pockets of quality and momentum in8230;
The airline industry is facing an environmental reckoning. Manufacturers and carriers are still hooked on kerosene with alternative biofuels yet to make any real dent in the market and electric planes still decades away. It's put airlines and governments in a difficult position but at the moment they still seem determined to paper over the […]The post Carbon Offsets Mask Aviation Industry’s Lack of Green Alternatives appeared first on Skift.
European low-cost carrier Wizz Air is taking advantage of struggles at some of its competitors by ramping up its growth plans for the rest of the year. The airline will increase its growth target from 16 to 20 percent as weaker carriers start to pull routes and frequencies. Wizz Air's fleet is made up entirely […]The post Wizz Air Ramps Up Growth Plans as European Rivals Wilt appeared first on Skift.
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.
In March 2019, Wizz Air Holdings Plc (LON:WIZZ) announced its earnings update. Overall, analyst consensus outlook...
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...