Wizz Air Holdings PLC (BUD:WIZZAIR)
Ft 7000 -90 (-1.27%) Market Cap: 732.60 Bil Enterprise Value: 2.69 Til PE Ratio: 5.83 PB Ratio: 4.14 GF Score: 74/100
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Q3 2020 Wizz Air Holdings PLC Earnings Call Transcript

Jan 29, 2020 / 09:00AM GMT
Operator

Hello, and welcome to the Wizz Air's Full Year 2020 Third Quarter Results. (Operator Instructions) I'd just remind you, this is being recorded.

So today, I'm pleased to present József Váradi, CEO. Please begin.

József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

¡ -

Good morning, everyone. Thank you for joining this press conference. So we are reporting Q3 fiscal '20 results. So this is the October-December quarter 2019.

I think we are reporting very solid set of results in this quarter, kind of similar to previous reports and quarters. Very importantly, we delivered 23% passenger growth in this quarter. But not only delivering that growth, we also increased unit revenue performance, which is a rare combination, especially at that level of growth.

Our cost performance was very strong, so one of the fundamental drivers of profitability in the period. Ex-fuel costs came down by almost 6% in the quarter. And as a result of a -- an improved cost position and improved revenue position, our profitability

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