Wizz Air Holdings PLC (OTCPK:WZZAF)
$ 16.03 0 (0%) Market Cap: 1.86 Bil Enterprise Value: 6.89 Bil PE Ratio: 5.80 PB Ratio: 4.12 GF Score: 70/100
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Q1 2021 Wizz Air Holdings PLC Earnings Call Transcript

Jul 29, 2020 / 08:00AM GMT
Release Date Price: $43.68
Operator

Hello, and welcome to the Wizz Air Q1 Results Call. (Operator Instruction]. And just to remind you, this conference call is being recorded. Today, I'm pleased to present József Váradi, CEO. Please go ahead with your meeting.

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

¡ -

Good morning, everyone. Thank you for joining this call. To start with the report of Q1 fiscal '21. Let me just highlight a few key points upfront.

Clearly, we have been very focused on preserving liquidity and revamping operations during this period. I mean, you can see that this quarter was pretty much dire straits quarter not only for Wizz Air but also for the whole industry. Nevertheless, we remained operational. Every day, we operated flights. But switched some of our capacity to repatriation of flights and medical cargo services. We ended up the quarter with a strong liquidity position, EUR 1.6 billion. You recall that we took advantage of the Bank of England loan facility.

So that helped our short-term liquidity position.

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