Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Wizz Air adjusts timing, mix of Airbus order to support capacity targets

(Sharecast News) - Budget airline Wizz Air announced on Friday that it has deferred the deliveries of 88 Airbus aircraft by three years in an effort to bolster profitability and support its targets for capacity. "Whilst Wizz Air's remaining orderbook of 273 total aircraft remains intact, this revised agreement adjusts the delivery schedule to align with a more sustainable and profitable capacity growth trajectory," the company said on Friday.

Wizz Air, which currently has 88 planes on order to be delivered by fiscal year 2030, said these have now been pushed back to fiscal year 2033.

The airline has also adjusted its expected fleet mix, cutting the number of ordered longer-haul A321XLRs from 47 to 11, and instead replacing them with 36 A321neos.

The company said the amendments support its target of achieving a 10-12% seat capacity growth rate through to 2030.

"The fleet is scheduled to be all-neo by calendar 2029, reinforcing Wizz Air's position as one of the world's most emissions-efficient airlines and delivering significant fuel-burn advantages compared to previous generation aircraft," it said.

Wizz Air shares were down 0.8% at 991.01p by 0935 GMT, while Airbus was trading 0.4% lower in Paris at €207.80.

Share this article

Related Sharecast Articles

Thursday preview: TSMC results, UK GDP in focus
(Sharecast News) - Thursday will see the release of a first-quarter trading update from homeware retailer Dunelm and UK GDP data.
Jefferies upgrades Pennon to 'buy'
(Sharecast News) - Jefferies upgraded Pennon to 'buy' from 'hold' on Wednesday but cut the price target to 380p from 500p.
Berenberg lowers target price on Oxford Instruments
(Sharecast News) - Analysts at Berenberg lowered their target price on Oxford Instruments to 2,840p from 3,000p, noting the recent strength in order intake now looks largely priced in.
Great Portland Estates secures £19m of lettings
(Sharecast News) - Property development and investment firm Great Portland Estates said on Wednesday that it had secured £19m of lettings in the first half, with deals struck 4.1% ahead of enterprise rental value.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.