Company
LON:WIZZ
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 66 Airbus A320 and Airbus A321 aircraft, and offers more than 420 routes from 24 bases, connecting 119 destinations across 38 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 19.7 million passengers in the last 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices.
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Ryanair only has three UK domestic routes but it is worried it may not be able to continue running these after Britain exits the EU. The company also released December passenger statistics, as did Wizz Air
The deal includes the purchase of 72 Airbus A320neos and 74 Airbus A321neos for delivery between 2021 and 2026, enabling Wizz Air to renew its existing fleet and provide additional capacity for further growth
London shares closed at new records as traders now turn attention to 2018
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IAG reportedly trumped rivals with a significant bid for failed carrier Monarch's runway slots at London Gatwick
Hardware & electrical equipment
Among a host of board changes, interim chief executive Yosi Fait has also been given the gig on a permanent basis
Wizz Air shares flew lower after its new full year guidance disappointed the market
Investments and investor services
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
Wizz Air shares wizzed higher after announcing plans to set up a UK subsidiary to ensure it can still operate flights in the nation after Brexit
The Irish airline has attracted heavy criticism for the cancelled flights
The pound's weakness is the source of the Footsie's late strength
The carrier went into administration in the early hours of this morning as intense competition and wafer-thin margins finally took their toll
Sky News reported that budget airlines, easyJet PLC and Wizz Air PLC are among rivals that have lodged bids for parts of Monarch's short-haul network
Generally, "limited visibility" is a bad thing for airlines and the market seems to have picked up on this, rather than the CEO's optimism
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Interim results are due from UK power firm Drax and a trading statement from TalkTalk will likely also garner investor attentions.
The firm originally planned to redirect some of its jets following last summer’s vote, but today it has reaffirmed its commitment to the UK with a “major investment”
The US investment bank downgraded its stance for FTSE 100-listed IAG – which also owns Iberia, Aer Lingus and Vueling - to ‘neutral‘ from ‘buy'
Indigo has sold an aggregate of 10.7mln ordinary shares in the company by way of an accelerated bookbuild to institutional investors at a price of 2,320p each
Davy’s analysts said the upgrade is based on easyJet’s “unit revenue momentum and the exposure to this trend from the operating leverage provided by its lowered margins”
The airline now expects net profit for the year to end March 2018 to be €250-270mln
