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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Half Year 2024 Wizz Air Holdings PLC Earnings Call Transcript

Nov 09, 2023 / 09:00AM GMT
Release Date Price: $23.08
József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

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Well we are reporting the first half of the financial year, the financial year. So this is April to September 2023. We delivered record profit, over EUR 400 million. I think you have to put that in context of all sorts of external issues affecting the business, proving the resilience of the model. Cash increased to EUR 1.8 billion. We delivered 25% more passengers than the previous year. And when you relate it to pre-COVID passenger traffic, we are up about 50% in the reporting period.

You recall, we told a lot about operations and investments into operations, especially following the experience in summer '22. We made significant investments and clearly, we achieved significant results coming from those investments. Recently, last 2 to 3 months, Wizz Air has become one of the best performing airlines in Europe in terms of completion rate and on-time performance, and you can see that in the first half. And it had some issues, especially in the June-July period. All in, we delivered 99.2% completion versus 98.1%

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