Wizz Air shares fell 6.2% to 2,183p in late morning trading on Monday after the group announced CFO Jourik Hooghe would be resigning to “pursue opportunities outside the company.” Hooghe said he would remain with the company over the transition period until 31 December 2022, after which he will reportedly be replaced by Ian Malin, […]

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Wizz Air shares dropped 3.4% to 1,794.6p in late morning trading on Monday following a disappointing slate of results for the budget airline in Q1 2023, including an operating loss of €285 million and a reported loss of €450 million on the back of unrealised FX losses, disruption costs, lower utilisation in Q1 and an adverse […]

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Wizz Air shares were down 5.7% to 2,601p in early morning trading on Wednesday, after the travel firm reported a widened loss of 11.5% to €642.5 million in FY 2022 compared to €576 million in FY 2021. Wizz Air narrowed its operating loss by 11.9% to €465.3 million against €528.1 million, alongside a narrowed EBITDA […]

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Wizz Air shares were up 1.9% to 2,959p in early morning trading on Tuesday, following the firm’s announcement that it was eyeing a potential expansion into Saudi Arabia. The budget airline met signed a Memorandum of Understanding (MoU) with the Ministry of Investment of the Kingdom of Saudi Arabia (KSA) in a meeting on Tuesday. […]

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For the 12 months to 2020, Wizz posted a net loss of €482m Wizz Air (LON:WIZZ) said it will lose money next year as the effects of the pandemic on the airline industry could be prolonged as travel restrictions remain across the continent. The budget airline said on Wednesday that restrictions had remained longer than […]

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Wizz Air will not give financial guidance due to uncertainty Wizz Air (LON:WIZZ), the low budget Hungarian airline, has said that it expects flying would recover gradually and towards the end of the summer as the industry remains constrained by the pandemic. The FTSE 250 company said via a trading statement on Thursday that the […]

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Wizz Air (LON: WIZZ) has reported a €243.1m (£219m) for the six months ended 30 September 2020. The budget airline carrier had a 70% plunge in passengers in the period, down from 22.1 million for the same six months the previous year. Revenue at the group also fell by 71.8% from €1,670.8m to €471.2. József […]

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Wizz Air Holdings PLC (LON:WIZZ) announced yesterday that they have suspended flights to Italy and Israel. Many travel businesses are facing the full force of the coronavirus epidemic – and airline carriers have seen their shares in red since the outbreak of COVID-19. Wizz Air have made ensured efforts to try and limit the impact […]

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Wizz Air Holdings (LON:WIZZ) have told the market that they have taken some precautionary measures to limit the impact of the coronavirus. Last week, British stocks faced a bruising after reports suggested that the coronavirus was in the UK and also had reached Italy. There was no surprise that airline stocks had received the largest […]

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Budget airline carriers, Wizz Air Holdings (LON:WIZZ) and Ryanair Holdings (LON:RYA) hav released their monthly passenger figures. 2020 has been a tough year for the airline industry. The ongoing coronavirus epidemic has meant that many travel restrictions have been enforced, and rivals such as IAG (LON:IAG) have suspended flights both ways into China. Following the […]

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Wizz Air Holdings PLC (LON:WIZZ) have announced their intentions to launch operations in Abu Dhabi. The FTSE 100 airline firm said that operations should commence this Autumn, following the completion of a partnership agreement. The announcement to move into the Middle East was made a few months back, in December – and the firm said […]

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Wizz Air Holdings (LON:WIZZ) have seen their shares in green on Wednesday, as the firm lifted its full year profit guidance. In the quarterly update, Wizz Air said that they had seen passenger numbers climb across its financial quarter, which led shares to jump 1.58%. Shares in Wizz Air trade at 4,174p (+1.56%). 29/1/20 10:53BST. […]

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Ryanair (LON:RYA) saw its volume of passengers increase through June, even while industrial action grounded planes on popular routes. The company’s number of passengers increased by 7 percent in June, sharing the fate of their low-cost counterpart Wizz Air (LON:WIZZ), who’s passenger numbers increased by 22 percent. The success of last month is surprising as […]

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