Breaking News
Close
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Will Wizz Air Make A Forced Emergency Landing With FY Results?

By Spreadex (Connor Campbell)Stock MarketsMay 24, 2019 11:04
uk.investing.com/analysis/wizz-air-holdings-plc-200208360
Will Wizz Air Make A Forced Emergency Landing With FY Results?
By Spreadex (Connor Campbell)   |  May 24, 2019 11:04
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

After a bumpy end to 2018, the low-cost airline has managed to right itself somewhat in 2019. Opening at £27.34, it climbed past £35 for the first time in just over 9 months at the start of May. However, since then it has come under pressure, briefly falling back towards £30. Wizz Air Holdings PLC (LON:WIZZ) now sits at a current trading price of £31.01.

Wizz Air Holdings Plc
Wizz Air Holdings Plc

The company’s post-close trading update in early April was very positive. Its March 2019 traffic statistics showed that load factors were up 2.6 percentage points to 94.1% year-on-year, with a passenger-pleasing 10 percentage point increase in on-time performance to 85%.

More importantly, it said its net profit for the financial year would be at the upper half of the €270 million to €300 million guidance range. At a mid-point of €285 million, that’d be a 3.6% improvement on 2018’s record €275 million – a significant slowdown on that year’s 22.1% increase, a fair whack below the €310 million to €340 million announced at the end of 2018’s annual results.

As for its new financial year, Wizz said it had got off to a good start, with revenue per available seat per kilometre growth forecast at 4% for the first quarter following an 18% rise in available seat per kilometre. Ex-fuel cost per ASK, meanwhile, should be broadly flat year-on-year.

In terms of Friday’s results, obviously the first hurdle for the company to clear is making sure its net profit is at the top end of estimates. Beyond that, the outlook for the ‘all-important’ summer trading period, alongside the forecasts for FY20 as a whole, could dictate the market reaction.

Wizz Air Holdings has a consensus rating of ‘Buy’ alongside an average target price of £34.19.

Disclaimer: Spreadex provides an execution only service and the comments above do not constitute (or should not be construed as constituting) investment advice or recommendations, or a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. Any person placing trades based on their interpretations of the above comments does so entirely at their own risk. Spreadex Ltd is a financial and sports spread betting and sports fixed odds betting firm, which specialises in the personal service and credit area. Founded in 1999, Spreadex is recognised as one of the longest established spread betting firms in the industry with a strong reputation for its high level of customer service and account management.

In relation to spread betting, Spreadex Ltd is authorised and regulated by the Financial Conduct Authority. Spread betting carries a high level of risk to your capital and can result in losses larger than your initial stake/deposit. It may not be suitable for everyone, so please ensure you fully understand the risks involved."

Original post

Will Wizz Air Make A Forced Emergency Landing With FY Results?
 

Related Articles

Will Wizz Air Make A Forced Emergency Landing With FY Results?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Our Apps
DOWNLOAD APPApp store
Investing.com
© 2007-2022 Fusion Media Limited. All Rights Reserved.
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
  • Sign up for FREE and get:
  • Real-Time Alerts
  • Advanced Portfolio Features
  • Personalized Charts
  • Fully-Synced App
Continue with Google
or
Sign up with Email