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Wizz Air expects breakeven to slight profit for FY
(Sharecast News) - Low cost airline Wizz Air on Tuesday said it expects to report breakeven to slightly positive earnings for its 2025/26 financial year, despite the impact of the Iran war.
It said the conflict had introduced near-term uncertainty around fuel costs and customer demand but was around 70% hedged for its summer fuel needs.
Wizz added that its Airbus A321neo fleet provided a "significant" fuel burn advantage, consuming 18% less fuel relative to the legacy aircraft technology
Current scheduled capacity for the first half of the year stood at around 51 million seats, up 28% year-on-year.
"Against this, we see the forward bookings with 44% currently sold, up 2 percentage points year-on-year, reflecting a positive response to the continuing development of our network. This includes adding capacity across our existing markets and opening new operating bases within the Wizz Air European footprint with significant bias towards leisure demand," the company said in a trading update on Tuesday.
"To maintain this booking momentum and protect load factors amid geopolitical uncertainties, we have strategically utilised promotional fares to stimulate demand during H1 F27."
Reporting by Frank Prenesti for Sharecast.com
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