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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Q3 2021 Wizz Air Holdings PLC Earnings Call Transcript

Jan 28, 2021 / 09:00AM GMT
Release Date Price: $60
Operator

(technical difficulty) (Operator Instructions)

And just to remind you, this conference call is being recorded. Today, I'm pleased to present József Váradi, CEO of Wizz Air. Please go ahead with your meeting.

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

¡ -

Good morning, everyone. Welcome to the -- to this conference for the Q3 fiscal '21 results.

Maybe I will just start it by outlining a few thoughts upfront that are important in the presentation, obviously, to the growing of the business. But Q3 is a period which was severely impacted by travel restrictions imposed by governments across our markets. As you know, we are operating to 47 markets. And I would say that not even 2 countries applied the same restrictions. So it's not only the restrictions, but also the complexities coming out of the restrictions across markets that impacted our business and largely the industry.

We ended with a very strong cash balance, EUR 1.2 billion at the end of December. As we said before, we are a very

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