Wizz Air, Ryanair see another plunge in passenger numbers in December
A drop in load factor also caused higher CO2 emissions
Company
Wizz Air Holdings PLC
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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Wizz Air descends to sell, IAG target raised as UBS reassess view on airline sector following difficult year
The Swiss bank said while they expected Wizz to be a “structural winner” for the central and eastern Europe market there was “downside share price risk” after the stock hit an all-time high
Coronavirus: Travellers to England can halve quarantine after taking private tests from December
The assays can be booked from private providers on the government’s list for £65-120
Wizz Air slides to loss but cash pile gives confidence for cold Covid winter
The Central and Eastern European focused airline had €1.4bn of cash and equivalents and another £145mln of restricted cash at the end of September
Wizz Air expects to operate at half capacity during winter
Analysts at Peel Hunt said it is a clear indication of the current weakness in demand
Wizz Air to operate at 60% capacity until December
The new forecast is based on renewed travel restrictions imposed across Europe and in Hungary
Wizz Air sees quarterly expenses shrink as it sits on €1.5bn cash pile
The budget airline halved staff costs with redundancies and salary cuts, while fuel, airport and maintenance charges were significantly reduced
Shorthaul carriers better placed for air travel recovery, suggests Barclays
On the ramp-up, Barclays sees Wizz Air, Lufthansa and Ryanair as better positioned
Wizz Air confirms initial Abu Dhabi joint venture network
The initial routes will include Kutaisi in Georgia, Larnaca in Cyprus and Yerevan in Armenia
Wizz Air expands network in Europe
Four additional aircraft expands the Wizz network by 44 routes.
Wizz Air plans to take advantage of rivals weakness amid coronavirus
Elsewhere, Ryanair announced that traffic was down 99.5% in May
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FTSE 100 notches up triple digit gain as bullish market mood continues
Britain's blue-chip benchmark finished up over 162 points higher, or 2.61%, at 6,382
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Wizz Air results come in for landing on Wednesday
Mid-week also brings results from food outlet operator SSP as well as UK PMI data and US ADP employment numbers
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FTSE 100 closes higher as traders cheer Chinese data and resume optimistic mode
Britain's blue chip index finished up nearly 90 points, or 1.48%, at 6,166 on the day
Wizz Air adds 50 new routes, including Italy and Cyprus
The budget airline was one of the first to restart flights after initial coronavirus groundings
Wizz Air announces flights to Abu Dhabi, resumes operations in London and Vienna
Capacity in April plummeted 97% due to travel restrictions to limit the spread of the coronavirus
Wizz Air capacity wiped out by 97%, sacks 1,000 workers
Statutory profit for the financial year ended last month is expected to be €270-280mln
Wizz Air cuts capacity by a third in March due to travel restrictions
The airline is still operating flights to repatriate passengers and to deliver medical equipment
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FTSE 100 closes deeply in red as global stocks tank amid pandemic crisis
Britain's index of blue-chip shares closed down over 217 points at 5,454
Wizz Air flies in with trading update on April Fools day
The mid-point of the week will also bring the UK's manufacturing PMI, as well as similar data from the US