Announcement • Jun 13
Wizz Air Holdings plc Appointment of Brian H. Franke as A Non-Independent Non-Executive Director, Effect June 16, 2026 Wizz Air Holdings PLC announced the appointment of Brian H. Franke as a non-independent non-executive director of the Company with effect from June 16, 2026. Brian H. Franke has been a principal of Indigo Partners LLC, a private equity fund focused on air transportation since April 2004. Brian H. Franke has served as a member of the Frontier Board of Directors since December 2013. Mr. Franke has served on the boards of directors of Concesionaria Vuela Compañía de Aviación, S.A.B. de C.V., an airline based in Mexico doing business as Volaris, since July 2010, including as board chair since April 2020; several entities within the JetSMART SpA group, an airline based in South America, since March 2017; APiJET, LLC, a software company focused on providing real-time cost saving analytics to airlines, since November 2020, and Cebu Air Inc., an airline based in the Philippines, since July 2021. He previously served on the boards of Tiger Aviation Pte. Ltd, a Singapore-based airline, from 2008 to 2010, and Tiger Airways Australia Pty Ltd., an Australian-based airline, from 2009 to 2010. Mr. Franke served on the University of Arizona Foundation board from 2016 to 2025. Mr. Franke holds a B.S. from the University of Arizona and a Masters of International Management from the Thunderbird School of Global Management. At the same time, Andrew S. Broderick informed the Company of his decision to resign as a Director of the Company with effect from June 15, 2026, after approximately seven years' service as a non-independent non-executive director of the Company. Reported Earnings • Jun 11
Full year 2026 earnings released: EPS: €0.02 (vs €2.18 in FY 2025) Full year 2026 results: EPS: €0.02 (down from €2.18 in FY 2025). Revenue: €5.69b (up 8.0% from FY 2025). Net income: €2.20m (down 99% from FY 2025). Profit margin: 0% (down from 4.3% in FY 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has fallen by 29% per year, which means it is significantly lagging earnings. New Risk • Jun 11
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 0.04% Last year net profit margin: 4.3% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Profit margins are more than 30% lower than last year (0.04% net profit margin). Announcement • May 13
Wizz Air Holdings plc Updates Earnings Guidance for the Full Year Ended 31 March 2026 Wizz Air Holdings plc updated earnings guidance for the full year ended 31 March 2026. For the year, the company expects to report a breakeven to slightly positive net profit result. The net income improvement versus previous guidance resulted from stronger underlying revenue and a well-hedged macroeconomic mix. Announcement • Mar 06
Wizz Air Holdings Plc Revises Earnings Guidance for the Fiscal Year 2026 Wizz Air Holdings Plc revised earnings guidance for the fiscal year 2026. The company estimates that the current crisis in the Middle East will result in a negative impact to its fiscal year 2026 net profits of c. EUR 50 million. In terms of the expected impact, approximately one third is a result of the cessation of certain scheduled services to the Middle East, with the remainder from the adverse movement in macroeconomic factors as a result of the Iran conflict. The company’s assessment of the impact of these macroeconomic factors is based on jet fuel and USD/EUR rates as of 4 March 2026, and assumes that these rates will remain at current levels for rest of Fiscal Year 2026. As a result, the company expects that its reported net profits will fall below the guidance released on January 29, 2026, given at the time as expected to be in the range of positive EUR 25 million to negative EUR 25 million. Announcement • Mar 05
Wizz Air Holdings Plc to Report Fiscal Year 2026 Results on Jun 11, 2026 Wizz Air Holdings Plc announced that they will report fiscal year 2026 results on Jun 11, 2026 Announcement • Jan 08
Wizz Air Holdings Plc to Report Q3, 2026 Results on Jan 29, 2026 Wizz Air Holdings Plc announced that they will report Q3, 2026 results at 8:00 AM, Central European Standard Time on Jan 29, 2026 Announcement • Jan 01
Wizz Air Holdings plc Announces Creation of Financial Performance Committee, Effective 22 December 2025 Wizz Air Holdings Plc announced the creation of a new Board Committee. The newly created Financial Performance Committee, chaired by Andrew S. Broderick, will assume oversight of the Company's operational and financial planning, asset financing, capital structure and performance related financial and productivity metrics. The Board has appointed the following members to the Financial Performance Committee: Andrew S. Broderick as the Committee Chair; Enrique Dupuy de Lome Chavarri as a member; and Stephen L. Johnson as an observer. Following these changes, the Wizz Air Board Committees will comprise: Nomination & Governance Committee: Chair: William Franke: Members: Barry Eccleston, Charlotte Andsager, Enrique Dupuy de Lome Chavarri, Stephen Johnson as Observer; Audit & Risk Committee: Chair: Enrique Dupuy de Lome Chavarri; Members: Phit Lian Chong, Anna Gatti, Stephen L. Johnson, Andrew Broderick as Observers; Remuneration Committee: Chair: Barry Eccleston, Members: Anna Gatti, Anthony Radev, Stephen L. Johnson as Observer; Sustainability & Culture Committee: Chair: Charlotte Andsager, Member: Anthony Radev, Andrew Broderick; Safety, Security & Operational Compliance Committee: Chair: Charlotte Pedersen, Members: Andrew Broderick, Barry Eccleston; Financial Performance Committee: Chair: Andrew Broderick, Members: Enrique Dupuy de Lome Chavarri, Stephen L. Johnson as Observer. The creation of the new Board Committee took effect on 22 December 2025. Announcement • Nov 26
Wizz Air Announces Enhanced Leadership Team, Effective February 1, 2026 Wizz Air announced the following changes to its Senior Leadership Team. These changes will take effect from 1 February 2026. Ian Malin, currently Chief Financial Officer, will be appointed as Chief Commercial Officer. Based in Budapest, Ian will assume overall responsibility for the Group's commercial functions and revenue generation. Placing the commercial team under the direction of a proven leader will support Wizz Air's delivery of profitable capacity growth. As Chief Commercial Officer, Ian will report to the Chief Executive Officer on matters related to commercial strategy. Michael Delehant's role, currently Senior Chief Commercial and Operations Officer, will be renamed as Group Managing Director, with no change to scope and responsibilities. Announcement • Oct 28
Wizz Air Holdings Plc to Report First Half, 2026 Results on Nov 13, 2025 Wizz Air Holdings Plc announced that they will report first half, 2026 results on Nov 13, 2025 Announcement • Jul 25
Wizz Air Holdings plc Provides Earnings Guidance for Second Quarter of 2025 Wizz Air Holdings Plc provided earnings guidance for second quarter of 2025. For the period, Capacity: Second Quarter ASKs high single digits YoY and Load factor: Flat (from >2 ppt YoY previously). Announcement • Jul 15
Wizz Air Holdings plc Announces Suspension of Wizz Air Abu Dhabi Operations Wizz Air Holdings PLC ("Wizz Air") announced a strategic realignment that reinforces the Company's core strength and focus in Central and Eastern Europe and select Western European markets. This decision follows a comprehensive reassessment of market dynamics, operational challenges, and geopolitical developments in the Middle East. As a result of the suspension of Wizz Air Abu Dhabi operations as part of this strategic realignment,Wizz Air will suspend all locally based flight operations effective 1 September 2025 and intends to exit from the joint venture going forward and will focus on its core markets. Strategic Rationale: Wizz Air Abu Dhabi has faced increasing operational challenges over the past year, including: Engine reliability constraints, particularly in hot and harsh environments, which have impacted aircraft availability and operational efficiency; Geopolitical volatility, which has led to repeated airspace closures and operational disruptions across the region, as well as wreaking consumer demand; Regulatory barriers, which have limited the Company's ability to access and scale in key markets. These factors have significantly impacted the viability of Wizz Air's ultra-low-cost model in the region and its ability to deliver profitability in line with its core European operations. Wizz Air will intensify its focus on its core Central and Eastern European markets, as well as select Western European countries such as Austria, Italy and the UK. This strategic realignment to core markets will enable the Company to redeploy resources to regions with greater long-term potential for sustainable growth and profitability. Wizz Air remains committed to delivering affordable, efficient, and sustainable air travel, while maintaining a disciplined approach to capital allocation and focus on shareholder value creation. Passengers with existing bookings beyond 31 August 2025 will be contacted directly via email with options for refunds or alternative travel arrangements. Customers who booked through third-party providers are advised to contact their respective agents. The above suspensions do not affect other flights of the Wizz Air group. Announcement • Jul 09
Wizz Air Holdings Plc to Report Q1, 2026 Results on Jul 24, 2025 Wizz Air Holdings Plc announced that they will report Q1, 2026 results at 8:00 AM, Central European Standard Time on Jul 24, 2025 Announcement • Jun 26
Wizz Air Holdings Plc, Annual General Meeting, Jul 23, 2025 Wizz Air Holdings Plc, Annual General Meeting, Jul 23, 2025, at 14:45 W. Europe Standard Time. Location: crowne plaza geneva, avenue louis casai 75 77, 1216 geneva, Switzerland Announcement • May 14
Wizz Air Holdings Plc to Report Fiscal Year 2025 Results on Jun 05, 2025 Wizz Air Holdings Plc announced that they will report fiscal year 2025 results at 8:00 AM, Central European Standard Time on Jun 05, 2025 Announcement • Mar 15
Wizz Air Holdings Plc Announces Board and Committee Changes On 4 September 2024, Wizz Air Holdings Plc ("Wizz Air") announced that Barry Eccleston had elected to take a temporary leave of absence due to personal reasons. Subsequently, a number of Committee Changes were announced, including the appointment of Stephen Johnson as interim Chair of the Remuneration Committee, the appointment of Charlotte Pedersen as interim Senior Independent Non-Executive Director, and the appointment of Enrique Dupuy de Lome Chavarri to the Nomination and Governance Committee on an interim basis. Effective immediately, Barry Eccleston will return from his temporary leave of absence. As a result, the Company announces the following changes to the Board: Barry Eccleston is appointed as Chair of the Remuneration Committee. Stephen Johnson will step down as Chair and remain as Observer on the Committee. Barry Eccleston is appointed to the Nomination and Governance Committee. Enrique Dupuy de Lome Chavarri is appointed to the Nomination and Governance Committee on a permanent basis. Charlotte Pedersen is appointed as Senior Independent Non-Executive Director on a permanent basis. Announcement • Feb 26
Wizz Air Holdings plc Launches New XLR Route from London to Medina Wizz Air Holdings PLC announced that it will be the first airline to offer a direct flight between London Gatwick and Medina in Saudi Arabia. The new route, which launches on 1st August 2025, is Wizz Air's second from the UK using the longer-range Airbus XLR aircraft, with its first flight scheduled from London Gatwick to Jeddah in Saudi Arabia on 31st March. By launching this route, the airline will facilitate more than 174,000 seats per year to Medina, making the holy city, which is famous for its religious tourism, more accessible than ever. The extended reach and efficiency of the brand-new Airbus XLR aircraft supports Wizz Air's continued growth across the Middle East where the airline already has an extensive network. Wizz Air currently serves more than 100 destinations across the region, including a base in Abu Dhabi. Over the past 10 years, Wizz Air has significantly expanded its operations through the creation of four airlines, reinforced financial resilience, and positioned itself as an industry leader in delivering the lowest fares and lowest emissions intensity. Since its initial public offering (IPO) in 2015, Wizz Air has significantly strengthened its liquidity position, expanded its fleet from 54 to over 200 aircraft, and increased passenger numbers from 19 million to over 60 million annually. The airline group's listing has played a critical role in its evolution, providing access to one of the world's largest and most sophisticated capital markets. As geopolitical and supply chain uncertainties ease, Wizz Air is well positioned for strong growth, underpinned by a significant order book, as well as fleet expansion and revenue diversification plans, and is targeting passenger growth of 15-20% annually. With a disciplined cost structure, well capitalised balance sheet and strong liquidity, Wizz Air remains well positioned to navigate market fluctuations and is committed to delivering long term shareholder value. The airline has an aspiration to power 10% of its flights with SAF by 2030. Over 60% of the Company's fleet is now Airbus A320neo family aircraft with an average age of 4.6 years. Wizz Air's target of 25% reduction in CO2 emissions by 2030 is supported by technological advancements in its aircraft and engines. Announcement • Jan 13
Wizz Air Holdings Plc to Report Q3, 2025 Results on Jan 30, 2025 Wizz Air Holdings Plc announced that they will report Q3, 2025 results at 8:00 AM, Central European Standard Time on Jan 30, 2025 Reported Earnings • Nov 08
Second quarter 2025 earnings released Second quarter 2025 results: Revenue: €1.81b (flat on 2Q 2024). Net income: €317.7m (down 7.6% from 2Q 2024). Profit margin: 18% (down from 19% in 2Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €16.29, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to €14.94, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to €16.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 73% over the past three years. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: €0.056 (vs €0.59 in 1Q 2024) First quarter 2025 results: EPS: €0.056 (down from €0.59 in 1Q 2024). Revenue: €1.26b (up 1.8% from 1Q 2024). Net income: €5.80m (down 91% from 1Q 2024). Profit margin: 0.5% (down from 4.9% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 33% per year, which means it is significantly lagging earnings. Announcement • Aug 02
Wizz Air Holdings plc Provides Earnings and Operating Guidance for Fiscal Year 2025 Wizz Air Holdings Plc provided earnings and operating guidance for fiscal year 2025. For the period, the company expects Load factors of 92%, revenue of RASK up mid-single digit year-on-year, net income in the range of EUR 350 million - EUR 450 million. Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €19.39, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 68% over the past three years. Announcement • Jul 03
Wizz Air Holdings Plc Announces Executive Changes Wizz Air Holdings Plc announced the following changes to its Senior Leadership Team structure: Robert Carey has departed the Company to pursue other interests. In the interim, József Váradi, Chief Executive Officer, will assume commercial leadership responsibilities for the next three months. Effective from 1 October 2024, Michael Delehant,currently Chief Operations Officer, will be promoted to Senior Chief Commercial and Operations Officer based in Budapest reporting to József Váradi. Michael will assume the responsibility for Wizz Air Group's operational and commercial activities. Michael joined Wizz Air in 2021, as Group Chief Operations Officer. He obtained a Bachelor degree in Psychology from the University of Michigan and his MBA from Southern Methodist University in Dallas. He has over two decades of executive airline experience in the fields of commercial, operations and strategy, and a long track record of leadership and corporate transformation. After a long career at Southwest Airlines in the US, he joined Wizz Air from Vueling in Europe where he was Chief Strategy and Network Officer. Diarmuid O'Conghaile, currently Managing Director Wizz Air Malta, will be promoted to Chief Operating Officer to oversee the Group's operational activities and performance, based in Budapest reporting to Michael Delehant. Prior to joining Wizz Air in his current role in 2022, he served as Chief Executive of the Irish Aviation Regulator, as Chief Executive of Malta Air at Ryanair Group and in various managerial positions at Dublin Airport, the European Commission, and the Irish government. He holds multiple Bachelor degrees from Trinity College Dublin in economics and a postgraduate diploma in competition law from Kings College London. Mauro Peneda, currently Head of Operations Control, will be promoted to Managing Director Wizz Air Malta, based in Malta, reporting to Diarmuid O Conghaile. Mauro joined Wizz Air in 2022 after nine years at the LATAM Airlines Group, where he was most recently the Airports Director of LATAM Brazil. Prior to his time at LATAM, he held positions with consultancy companies. Mauro holds an MSc in Civil Engineering from Instituto Superior Técnico, Lisbon and an MSc in Complex Transport Infrastructure Systems jointly from Instituto Superior Técnico, Lisbon and MIT and a Postgraduate Degree in Business Administration from Fundação Dom Cabral, São Paulo, Brazil. Subsequently, Silvia Mosquera, Commercial Officer, will report to Michael Delehant. New Risk • Jun 17
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.2x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.2x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Announcement • May 25
Wizz Air Holdings plc Provides Financial Guidance for Fiscal 2025 Wizz Air Holdings Plc provided financial guidance for fiscal 2025. For the period, the company expects Load factors of 92%; revenue of RASK up high single digit year-on-year; net income of €500 million to €600 million. Reported Earnings • May 24
Full year 2024 earnings released: EPS: €3.64 (vs €5.07 loss in FY 2023) Full year 2024 results: EPS: €3.64 (up from €5.07 loss in FY 2023). Revenue: €5.07b (up 30% from FY 2023). Net income: €376.6m (up €899.6m from FY 2023). Profit margin: 7.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Wizz Air Holdings Plc to Report Fiscal Year 2024 Final Results on Jun 14, 2024 Wizz Air Holdings Plc announced that they will report fiscal year 2024 final results on Jun 14, 2024 Reported Earnings • Jan 26
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €1.06b (up 17% from 3Q 2023). Net loss: €113.1m (down 396% from profit in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jan 25
Wizz Air Holdings plc Announces Committee Changes Wizz Air Holdings Plc announced that it has appointed Phit Lian Chong, Non-Executive Director, as a member of the Audit and Risk Committee with immediate effect. With effect from 24 January 2024, Charlotte Pedersenwill step down from theAudit and RiskCommitteeand will bereplaced by Phit Lian Chong. Ms. Chong was the CEO of Low-Cost Carriers Jetstar Asia Airways and ValuAir from 2006 to 2012. Ms. Chong also served as an Independent Board Director and member of the Audit Committee on the Board of Tiger Airways Ltd, a low-cost subsidiary of Singapore Airlines. Following these changes, the Wizz Air Board Committees will comprise: Nomination & Governance: William Franke (Chair), Barry Eccleston, Charlotte Andsager and Stephen L. Johnson as Observer. Audit & Risk Committee: Enrique Dupuy de Lome Chavarri (Chair), Phit Lian Chong, Anna Gatti, Stephen L. Johnson, Andrew Broderick as Observers. Remuneration Committee: Barry Eccleston (Chair), Anna Gatti, Anthony Radev, Stephen L. Johnson as Observer. Sustainability & Culture Committee: Charlotte Andsager (Chair), Anthony Radev and Andrew Broderick. Safety, Security & Operational Compliance Committee: Charlotte Pedersen (Chair), Andrew Broderick and Barry Eccleston. Reported Earnings • Nov 10
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: €1.82b (up 31% from 2Q 2023). Net income: €344.0m (up 343% from 2Q 2023). Profit margin: 19% (up from 5.6% in 2Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Airlines industry in Europe. New Risk • Nov 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Negative equity (-€358m). Minor Risk Share price has been volatile over the past 3 months (7.5% average weekly change). Announcement • Sep 12
Wizz Air Holdings Plc Expects Pratt & Whitney Powder Metal Engine Issues to Impact Capacity Due to Increased Engine Removals Wizz Air Holdings Plc provided an update on the impact of the Pratt & Whitney GTF engine inspections following a market update by RTX Corporation on 11 September 2023. Wizz Air was informed by RTX that its Pratt & Whitney GTF engines will be subject to inspection intervals, resulting in engines being removed for shop visits during the remainder of 2023 and into 2024 that will likely cause some of its aircraft being grounded in this period. Wizz Air is currently assessing the implications to understand the extent of the impact on its fleet with initial estimates indicating a potential capacity reduction of 10% for F24 H2. Wizz Air will continue to work with Pratt & Whitney to minimize the impact to its fleet plan and costs to the business. The Company continues to take proactive action to mitigate any financial and operational impact and will be seeking financial compensation from Pratt & Whitney. The Company will provide a more detailed update in due course. Announcement • Aug 05
Wizz Air Holdings plc Provides Earnings Guidance for the Fiscal Year 2024; Provides Operating Guidance for the Second Quarter, First Half, Second Half and Full Year of the Fiscal Year 2024 Wizz Air Holdings Plc provided earnings for the fiscal year 2024. For the period, the company expects net profit in the range of €350 million to €450 million.For the second quarter of 2024, the company expects Load factor to build up to 94%.For the first half of 2024, the company expects Capacity (ASKs) c.25% higher year-on-year.For the second half of 2024, the company expects Capacity (ASKs) +30%.For the full year of 2024, the company expects Load factor to above 90%. Reported Earnings • Aug 03
First quarter 2024 earnings released: EPS: €0.59 (vs €4.38 loss in 1Q 2023) First quarter 2024 results: EPS: €0.59 (up from €4.38 loss in 1Q 2023). Revenue: €1.24b (up 53% from 1Q 2023). Net income: €61.1m (up €513.6m from 1Q 2023). Profit margin: 4.9% (up from net loss in 1Q 2023). Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 10% per year. Board Change • Aug 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Phit Chong was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Jul 06
Wizz Air Holdings plc Appoints Phit Lian Chong as an Independent Non-Executive Director Wizz Air Holdings Plc announced the appointment of Ms. Phit Lian Chong to the board of the company as an independent non-executive director with immediate effect. A citizen of Singapore, Ms. Chong has held multiple senior roles in aviation, travel and logistics. Ms. Chong was the CEO of award-winning Low-Cost Carriers, Jetstar Asia Airways and ValuAir from 2006 to 2012. Ms. Chong also served as an Independent Board Director on the Board of Tiger Airways Ltd, a low-cost subsidiary of Singapore Airlines. Other previous commercial roles included Chief Executive Officer /Board member of Singapore Mint, Safe Enterprises Group, Avis Car Rental, Pacific Internet and SingBridge Corporate. Ms. Chong is currently a board member of Eu Yan Sang International Ltd, Rokt Pte Ltd, Mandai Global Private Limited, all private limited companies. She is a corporate adviser to Temasek International Advisory Pte Ltd. Ms. Chong also serves as volunteer on Board of Singapore Science Centre Global. Ms. Chong holds an Honours Degree in Production Engineering and Manufacturing Technology, and an Honorary Doctorate of Science. She also attended a Master in Business Administration. Reported Earnings • Jun 08
Full year 2023 earnings released: €5.07 loss per share (vs €6.33 loss in FY 2022) Full year 2023 results: €5.07 loss per share (improved from €6.33 loss in FY 2022). Revenue: €3.90b (up 134% from FY 2022). Net loss: €523.0m (loss narrowed 17% from FY 2022). Revenue is forecast to grow 18% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. Reported Earnings • Jan 27
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: €911.7m (up 123% from 3Q 2022). Net income: €38.2m (up €303.1m from 3Q 2022). Profit margin: 4.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 70 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Dec 16
CEO & Executive Director recently sold €2.3m worth of stock On the 13th of December, József Váradi sold around 82k shares on-market at roughly €28.07 per share. This transaction amounted to 5.4% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. József has been a net seller over the last 12 months, reducing personal holdings by €2.8m. Board Change • Nov 16
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Anna Gatti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Second quarter 2023 earnings released Second quarter 2023 results: EPS: €0.75. Revenue: €1.39b (up 103% from 2Q 2022). Net income: €77.7m (up €79.6m from 2Q 2022). Profit margin: 5.6% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Buying Opportunity • Nov 03
Now 25% undervalued after recent price drop Over the last 90 days, the stock is down 30%. The fair value is estimated to be €24.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 9.4% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 53% in a year. Earnings is forecast to grow by 88% in the next year. Buying Opportunity • Sep 30
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 9.0%. The fair value is estimated to be €23.47, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 24% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 85% in a year. Earnings is forecast to grow by 66% in the next year. Reported Earnings • Jul 28
First quarter 2023 earnings released First quarter 2023 results: €4.39 loss per share. Revenue: €808.8m (up 306% from 1Q 2022). Net loss: €452.5m (loss widened 296% from 1Q 2022). Over the next year, revenue is forecast to grow 65%, compared to a 94% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. Reported Earnings • Jun 09
Full year 2022 earnings released: €6.13 loss per share (vs €6.69 loss in FY 2021) Full year 2022 results: €6.13 loss per share. Revenue: €1.66b (up 125% from FY 2021). Net loss: €631.8m (loss widened 10% from FY 2021). Over the next year, revenue is forecast to grow 124%, compared to a 132% growth forecast for the airlines industry in Germany. Board Change • Apr 27
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Anna Gatti was the last director to join the board, commencing their role in 2021. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jan 28
Third quarter 2022 earnings: EPS in line with expectations, revenues disappoint Third quarter 2022 results: €2.57 loss per share (down from €1.34 loss in 3Q 2021). Revenue: €408.4m (up 172% from 3Q 2021). Net loss: €264.9m (loss widened 130% from 3Q 2021). Revenue missed analyst estimates by 5.3%. Over the next year, revenue is forecast to grow 123%, compared to a 185% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 110 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Nov 20
CEO & Executive Director recently sold €2.5m worth of stock On the 17th of November, József Váradi sold around 45k shares on-market at roughly €55.95 per share. This was the largest sale by an insider in the last 3 months. This was József's only on-market trade for the last 12 months. Reported Earnings • Nov 05
Second quarter 2022 earnings released The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: €681.4m (up 79% from 2Q 2021). Net loss: €1.90m (loss narrowed 99% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 118 percentage points per year, which is a significant difference in performance. Recent Insider Transactions • Sep 22
Managing Director - Wizz Air UK recently sold €509k worth of stock On the 17th of September, Owain Jones sold around 9k shares on-market at roughly €58.16 per share. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Executive Departure • Aug 04
Independent Non-Executive Director Maria Kyriacou has left the company On the 27th of July, Maria Kyriacou's tenure as Independent Non-Executive Director ended after 2.8 years in the role. We don't have any record of a personal shareholding under Maria's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.33 years. Reported Earnings • Jul 29
First quarter 2022 earnings released The company reported a solid first quarter result with improved revenues and control over costs, although losses increased. First quarter 2022 results: Revenue: €199.1m (up 119% from 1Q 2021). Net loss: €114.4m (loss widened 5.9% from 1Q 2021). Announcement • Mar 17
Peter Agnefjäll Resigns as Director of Wizz Air Holdings plc Wizz Air Holdings Plc announced that Mr. Peter Agnefjäll has resigned as a director of the Company with effect from 13 April 2021. Is New 90 Day High Low • Feb 26
New 90-day high: €63.00 The company is up 23% from its price of €51.10 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.34 per share. Is New 90 Day High Low • Feb 10
New 90-day high: €55.60 The company is up 11% from its price of €49.90 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Airlines industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €59.00 per share. Announcement • Dec 19
Wizz Air Holdings plc Announces Management Changes Wizz Air Holdings Plc announced Chris Harcombe will become the airport's managing director and Kate Stow has taken on the newly-created role of director of aviation development and corporate affairs. Both have been with Doncaster Sheffield Airport since the former RAF Finningley base opened as Robin Hood Airport in 2006 and have risen through the ranks. Mr. Harcombe was previously aviation development director, and will now have responsibility for financial, operational and commercial performance across the business. Originally from the Dearne Valley, between Doncaster and Rotherham, he joined the airport as an aviation analyst straight from university. He has been credited with taking the airport from 'a new entrant in the sector' to a successful regional hub. He had helped to grow passenger, cargo and business aviation opportunities. Ms Stow worked in retail for travel agency TUI before joining Doncaster Sheffield Airport in a trade sales role. She has been promoted from markeing and corporate affairs director, and her new role has an expanded portfolio. She has been involved in strategic projects such as the Masterplan and the development of key land assets. Analyst Estimate Surprise Post Earnings • Nov 07
Revenue misses expectations Revenue missed analyst estimates by 21%. Over the next year, revenue is forecast to grow 5.8% compared to a 15% decline forecast for the Airlines industry in Germany. Announcement • Oct 02
Wizz Air Holdings Plc to Report First Half, 2021 Results on Nov 05, 2020 Wizz Air Holdings Plc announced that they will report first half, 2021 results on Nov 05, 2020 Announcement • Jul 31
Wizz Air Holdings plc Provides No Financial Guidance for 2021 Wizz Air Holdings Plc announced that it is on track both in terms of its capacity ramp up plan and its cost savings program and maintains strong operational momentum. The demand environment is largely shaped by various travel restrictions across the Company's footprint. Due to the ongoing uncertainty caused by COVID-19, the Company is not in a position to provide financial guidance for the financial year 2021 at this point. 
