Major Estimate Revision • May 18
Consensus EPS estimates upgraded to €0.25 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.395 to -€0.254 per share. Revenue forecast steady at €5.76b. Airlines industry in the United Kingdom expected to see average net income decline 21% next year. Consensus price target broadly unchanged at UK£10.54. Share price fell 6.3% to UK£9.50 over the past week. Announcement • May 13
Wizz Air Holdings plc Updates Earnings Guidance for the Full Year Ended 31 March 2026 Wizz Air Holdings plc updated earnings guidance for the full year ended 31 March 2026. For the year, the company expects to report a breakeven to slightly positive net profit result. The net income improvement versus previous guidance resulted from stronger underlying revenue and a well-hedged macroeconomic mix. Major Estimate Revision • Apr 26
Consensus EPS estimates fall by 14% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.347 to -€0.395 per share. Revenue forecast unchanged at €5.76b. Airlines industry in the United Kingdom expected to see average net income decline 11% next year. Consensus price target down from UK£10.80 to UK£10.48. Share price fell 16% to UK£8.76 over the past week. Valuation Update With 7 Day Price Move • Apr 14
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to UK£10.18, the stock trades at a trailing P/E ratio of 3.7x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 64% over the past three years. Major Estimate Revision • Apr 09
Consensus EPS estimates fall by 19% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.308 to -€0.366 per share. Revenue forecast unchanged at €5.76b. Airlines industry in the United Kingdom expected to see average net income decline 2.1% next year. Consensus price target down from UK£11.91 to UK£11.59. Share price rose 2.7% to UK£9.26 over the past week. Major Estimate Revision • Mar 29
Consensus EPS estimates fall by 38% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.223 to -€0.308 per share. Revenue forecast unchanged at €5.77b. Airlines industry in the United Kingdom expected to see average net income decline 2.1% next year. Consensus price target down from UK£12.28 to UK£11.87. Share price was steady at UK£8.85 over the past week. Major Estimate Revision • Mar 18
Consensus EPS estimates fall by 58% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.118 to -€0.186 per share. Revenue forecast unchanged at €5.77b. Airlines industry in the United Kingdom expected to see average net income growth of 3.1% next year. Consensus price target broadly unchanged at UK£12.56. Share price fell 2.5% to UK£9.26 over the past week. Announcement • Mar 06
Wizz Air Holdings Plc Revises Earnings Guidance for the Fiscal Year 2026 Wizz Air Holdings Plc revised earnings guidance for the fiscal year 2026. The company estimates that the current crisis in the Middle East will result in a negative impact to its fiscal year 2026 net profits of c. EUR 50 million. In terms of the expected impact, approximately one third is a result of the cessation of certain scheduled services to the Middle East, with the remainder from the adverse movement in macroeconomic factors as a result of the Iran conflict. The company’s assessment of the impact of these macroeconomic factors is based on jet fuel and USD/EUR rates as of 4 March 2026, and assumes that these rates will remain at current levels for rest of Fiscal Year 2026. As a result, the company expects that its reported net profits will fall below the guidance released on January 29, 2026, given at the time as expected to be in the range of positive EUR 25 million to negative EUR 25 million. Major Estimate Revision • Mar 05
Consensus EPS estimates fall by 33% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.021 to €0.014 per share. Revenue forecast steady at €5.77b. Net income forecast to shrink 63% next year vs 1.2% decline forecast for Airlines industry in the United Kingdom. Consensus price target broadly unchanged at UK£13.38. Share price fell 27% to UK£9.78 over the past week. Announcement • Mar 05
Wizz Air Holdings Plc to Report Fiscal Year 2026 Results on Jun 11, 2026 Wizz Air Holdings Plc announced that they will report fiscal year 2026 results on Jun 11, 2026 Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£10.72, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 64% over the past three years. New Risk • Mar 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.1x net interest cover). Minor Risk Share price has been volatile over the past 3 months (7.2% average weekly change). Major Estimate Revision • Feb 20
Consensus EPS estimates fall by 48% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.041 to €0.021 per share. Revenue forecast steady at €5.78b. Net income forecast to shrink 66% next year vs 6.1% growth forecast for Airlines industry in the United Kingdom . Consensus price target broadly unchanged at UK£13.73. Share price fell 3.6% to UK£13.20 over the past week. Major Estimate Revision • Feb 05
Consensus EPS estimates increase by 218% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from €0.017 to €0.055. Revenue forecast steady at €5.78b. Net income forecast to shrink 58% next year vs 1.1% growth forecast for Airlines industry in the United Kingdom . Consensus price target broadly unchanged at UK£13.54. Share price was steady at UK£14.09 over the past week. Reported Earnings • Jan 30
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: €1.36 loss per share. Revenue: €1.30b (up 10% from 3Q 2025). Net loss: €140.8m (loss narrowed 41% from 3Q 2025). Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 92%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Airlines industry in Europe. Announcement • Jan 08
Wizz Air Holdings Plc to Report Q3, 2026 Results on Jan 29, 2026 Wizz Air Holdings Plc announced that they will report Q3, 2026 results at 8:00 AM, Central European Standard Time on Jan 29, 2026 Major Estimate Revision • Jan 06
Consensus EPS estimates upgraded to €0.033 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.057 to -€0.033 per share. Revenue forecast steady at €5.74b. Airlines industry in the United Kingdom expected to see average net income decline 0.7% next year. Consensus price target broadly unchanged at UK£13.26. Share price rose 2.5% to UK£13.15 over the past week. Announcement • Jan 01
Wizz Air Holdings plc Announces Creation of Financial Performance Committee, Effective 22 December 2025 Wizz Air Holdings Plc announced the creation of a new Board Committee. The newly created Financial Performance Committee, chaired by Andrew S. Broderick, will assume oversight of the Company's operational and financial planning, asset financing, capital structure and performance related financial and productivity metrics. The Board has appointed the following members to the Financial Performance Committee: Andrew S. Broderick as the Committee Chair; Enrique Dupuy de Lome Chavarri as a member; and Stephen L. Johnson as an observer. Following these changes, the Wizz Air Board Committees will comprise: Nomination & Governance Committee: Chair: William Franke: Members: Barry Eccleston, Charlotte Andsager, Enrique Dupuy de Lome Chavarri, Stephen Johnson as Observer; Audit & Risk Committee: Chair: Enrique Dupuy de Lome Chavarri; Members: Phit Lian Chong, Anna Gatti, Stephen L. Johnson, Andrew Broderick as Observers; Remuneration Committee: Chair: Barry Eccleston, Members: Anna Gatti, Anthony Radev, Stephen L. Johnson as Observer; Sustainability & Culture Committee: Chair: Charlotte Andsager, Member: Anthony Radev, Andrew Broderick; Safety, Security & Operational Compliance Committee: Chair: Charlotte Pedersen, Members: Andrew Broderick, Barry Eccleston; Financial Performance Committee: Chair: Andrew Broderick, Members: Enrique Dupuy de Lome Chavarri, Stephen L. Johnson as Observer. The creation of the new Board Committee took effect on 22 December 2025. Valuation Update With 7 Day Price Move • Dec 16
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£12.48, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 39% over the past three years. Major Estimate Revision • Dec 10
Consensus EPS estimates fall by 17% The consensus outlook for fiscal year 2026 has been updated. 2026 expected loss increased from -€0.058 to -€0.068 per share. Revenue forecast unchanged at €5.75b. Airlines industry in the United Kingdom expected to see average net income decline 0.5% next year. Consensus price target broadly unchanged at UK£13.25. Share price fell 3.9% to UK£10.80 over the past week. Major Estimate Revision • Dec 03
Consensus EPS estimates upgraded to €0.039 loss The consensus outlook for fiscal year 2026 has been updated. 2026 losses forecast to reduce from -€0.062 to -€0.039 per share. Revenue forecast steady at €5.75b. Airlines industry in the United Kingdom expected to see average net income decline 0.5% next year. Consensus price target broadly unchanged at UK£13.38. Share price fell 6.1% to UK£11.24 over the past week. Announcement • Nov 26
Wizz Air Announces Enhanced Leadership Team, Effective February 1, 2026 Wizz Air announced the following changes to its Senior Leadership Team. These changes will take effect from 1 February 2026. Ian Malin, currently Chief Financial Officer, will be appointed as Chief Commercial Officer. Based in Budapest, Ian will assume overall responsibility for the Group's commercial functions and revenue generation. Placing the commercial team under the direction of a proven leader will support Wizz Air's delivery of profitable capacity growth. As Chief Commercial Officer, Ian will report to the Chief Executive Officer on matters related to commercial strategy. Michael Delehant's role, currently Senior Chief Commercial and Operations Officer, will be renamed as Group Managing Director, with no change to scope and responsibilities. Valuation Update With 7 Day Price Move • Nov 25
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£11.80, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 45% over the past three years. Major Estimate Revision • Nov 20
Consensus EPS estimates fall by 86% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from €5.97b to €5.75b. EPS estimate also fell from €0.583 per share to €0.081 per share. Net income forecast to shrink 54% next year vs 0.03% growth forecast for Airlines industry in the United Kingdom . Consensus price target broadly unchanged at UK£13.33. Share price was steady at UK£10.85 over the past week. Reported Earnings • Nov 14
Second quarter 2026 earnings released: EPS: €2.78 (vs €3.07 in 2Q 2025) Second quarter 2026 results: EPS: €2.78 (down from €3.07 in 2Q 2025). Revenue: €1.91b (up 5.9% from 2Q 2025). Net income: €287.7m (down 9.4% from 2Q 2025). Profit margin: 15% (down from 18% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 90% per year but the company’s share price has fallen by 21% per year, which means it is significantly lagging earnings. Announcement • Oct 28
Wizz Air Holdings Plc to Report First Half, 2026 Results on Nov 13, 2025 Wizz Air Holdings Plc announced that they will report first half, 2026 results on Nov 13, 2025 Major Estimate Revision • Oct 15
Consensus EPS estimates fall by 31% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate fell from €0.886 to €0.608 per share. Revenue forecast steady at €5.99b. Net income forecast to shrink 60% next year vs 9.4% growth forecast for Airlines industry in the United Kingdom . Consensus price target broadly unchanged at UK£13.70. Share price fell 6.1% to UK£10.91 over the past week. Announcement • Jul 25
Wizz Air Holdings plc Provides Earnings Guidance for Second Quarter of 2025 Wizz Air Holdings Plc provided earnings guidance for second quarter of 2025. For the period, Capacity: Second Quarter ASKs high single digits YoY and Load factor: Flat (from >2 ppt YoY previously). Announcement • Jul 15
Wizz Air Holdings plc Announces Suspension of Wizz Air Abu Dhabi Operations Wizz Air Holdings PLC ("Wizz Air") announced a strategic realignment that reinforces the Company's core strength and focus in Central and Eastern Europe and select Western European markets. This decision follows a comprehensive reassessment of market dynamics, operational challenges, and geopolitical developments in the Middle East. As a result of the suspension of Wizz Air Abu Dhabi operations as part of this strategic realignment,Wizz Air will suspend all locally based flight operations effective 1 September 2025 and intends to exit from the joint venture going forward and will focus on its core markets. Strategic Rationale: Wizz Air Abu Dhabi has faced increasing operational challenges over the past year, including: Engine reliability constraints, particularly in hot and harsh environments, which have impacted aircraft availability and operational efficiency; Geopolitical volatility, which has led to repeated airspace closures and operational disruptions across the region, as well as wreaking consumer demand; Regulatory barriers, which have limited the Company's ability to access and scale in key markets. These factors have significantly impacted the viability of Wizz Air's ultra-low-cost model in the region and its ability to deliver profitability in line with its core European operations. Wizz Air will intensify its focus on its core Central and Eastern European markets, as well as select Western European countries such as Austria, Italy and the UK. This strategic realignment to core markets will enable the Company to redeploy resources to regions with greater long-term potential for sustainable growth and profitability. Wizz Air remains committed to delivering affordable, efficient, and sustainable air travel, while maintaining a disciplined approach to capital allocation and focus on shareholder value creation. Passengers with existing bookings beyond 31 August 2025 will be contacted directly via email with options for refunds or alternative travel arrangements. Customers who booked through third-party providers are advised to contact their respective agents. The above suspensions do not affect other flights of the Wizz Air group. Announcement • Jul 09
Wizz Air Holdings Plc to Report Q1, 2026 Results on Jul 24, 2025 Wizz Air Holdings Plc announced that they will report Q1, 2026 results at 8:00 AM, Central European Standard Time on Jul 24, 2025 Announcement • Jun 26
Wizz Air Holdings Plc, Annual General Meeting, Jul 23, 2025 Wizz Air Holdings Plc, Annual General Meeting, Jul 23, 2025, at 14:45 W. Europe Standard Time. Location: crowne plaza geneva, avenue louis casai 75 77, 1216 geneva, Switzerland New Risk • Jun 06
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.3% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.0x net interest cover). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.3% net profit margin). Valuation Update With 7 Day Price Move • Jun 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to UK£12.07, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Airlines industry in Europe. Total loss to shareholders of 48% over the past three years. Announcement • May 14
Wizz Air Holdings Plc to Report Fiscal Year 2025 Results on Jun 05, 2025 Wizz Air Holdings Plc announced that they will report fiscal year 2025 results at 8:00 AM, Central European Standard Time on Jun 05, 2025 Major Estimate Revision • Mar 27
Consensus EPS estimates increase by 11% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate increased from €1.08 to €1.21. Revenue forecast steady at €5.31b. Net income forecast to grow 81% next year vs 14% growth forecast for Airlines industry in the United Kingdom. Consensus price target broadly unchanged at UK£17.09. Share price was steady at UK£16.65 over the past week. Announcement • Mar 15
Wizz Air Holdings Plc Announces Board and Committee Changes On 4 September 2024, Wizz Air Holdings Plc ("Wizz Air") announced that Barry Eccleston had elected to take a temporary leave of absence due to personal reasons. Subsequently, a number of Committee Changes were announced, including the appointment of Stephen Johnson as interim Chair of the Remuneration Committee, the appointment of Charlotte Pedersen as interim Senior Independent Non-Executive Director, and the appointment of Enrique Dupuy de Lome Chavarri to the Nomination and Governance Committee on an interim basis. Effective immediately, Barry Eccleston will return from his temporary leave of absence. As a result, the Company announces the following changes to the Board: Barry Eccleston is appointed as Chair of the Remuneration Committee. Stephen Johnson will step down as Chair and remain as Observer on the Committee. Barry Eccleston is appointed to the Nomination and Governance Committee. Enrique Dupuy de Lome Chavarri is appointed to the Nomination and Governance Committee on a permanent basis. Charlotte Pedersen is appointed as Senior Independent Non-Executive Director on a permanent basis. New Risk • Mar 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of British stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.5x net interest cover). Share price has been highly volatile over the past 3 months (10% average weekly change). Minor Risk Large one-off items impacting financial results. Major Estimate Revision • Feb 27
Consensus EPS estimates fall by 10% The consensus outlook for fiscal year 2025 has been updated. 2025 EPS estimate fell from €1.29 to €1.16 per share. Revenue forecast steady at €5.32b. Net income forecast to grow 84% next year vs 11% growth forecast for Airlines industry in the United Kingdom. Consensus price target broadly unchanged at UK£16.77. Share price rose 12% to UK£16.71 over the past week. Announcement • Feb 26
Wizz Air Holdings plc Launches New XLR Route from London to Medina Wizz Air Holdings PLC announced that it will be the first airline to offer a direct flight between London Gatwick and Medina in Saudi Arabia. The new route, which launches on 1st August 2025, is Wizz Air's second from the UK using the longer-range Airbus XLR aircraft, with its first flight scheduled from London Gatwick to Jeddah in Saudi Arabia on 31st March. By launching this route, the airline will facilitate more than 174,000 seats per year to Medina, making the holy city, which is famous for its religious tourism, more accessible than ever. The extended reach and efficiency of the brand-new Airbus XLR aircraft supports Wizz Air's continued growth across the Middle East where the airline already has an extensive network. Wizz Air currently serves more than 100 destinations across the region, including a base in Abu Dhabi. Over the past 10 years, Wizz Air has significantly expanded its operations through the creation of four airlines, reinforced financial resilience, and positioned itself as an industry leader in delivering the lowest fares and lowest emissions intensity. Since its initial public offering (IPO) in 2015, Wizz Air has significantly strengthened its liquidity position, expanded its fleet from 54 to over 200 aircraft, and increased passenger numbers from 19 million to over 60 million annually. The airline group's listing has played a critical role in its evolution, providing access to one of the world's largest and most sophisticated capital markets. As geopolitical and supply chain uncertainties ease, Wizz Air is well positioned for strong growth, underpinned by a significant order book, as well as fleet expansion and revenue diversification plans, and is targeting passenger growth of 15-20% annually. With a disciplined cost structure, well capitalised balance sheet and strong liquidity, Wizz Air remains well positioned to navigate market fluctuations and is committed to delivering long term shareholder value. The airline has an aspiration to power 10% of its flights with SAF by 2030. Over 60% of the Company's fleet is now Airbus A320neo family aircraft with an average age of 4.6 years. Wizz Air's target of 25% reduction in CO2 emissions by 2030 is supported by technological advancements in its aircraft and engines. Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£14.97, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 69% over the past three years. New Risk • Feb 04
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 0.5x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.7% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jan 31
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: €1.18b (up 11% from 3Q 2024). Net loss: €237.9m (loss widened 144% from 3Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 97% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Jan 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to UK£14.33, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 66% over the past three years. Announcement • Jan 13
Wizz Air Holdings Plc to Report Q3, 2025 Results on Jan 30, 2025 Wizz Air Holdings Plc announced that they will report Q3, 2025 results at 8:00 AM, Central European Standard Time on Jan 30, 2025 Valuation Update With 7 Day Price Move • Dec 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£15.52, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 6x in the Airlines industry in Europe. Total loss to shareholders of 60% over the past three years. Reported Earnings • Nov 08
Second quarter 2025 earnings: Revenues miss analyst expectations Second quarter 2025 results: Revenue: €1.81b (flat on 2Q 2024). Net income: €317.7m (down 7.6% from 2Q 2024). Profit margin: 18% (down from 19% in 2Q 2024). Revenue missed analyst estimates by 2.2%. Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 32% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to UK£13.87, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 70% over the past three years. Valuation Update With 7 Day Price Move • Oct 04
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to UK£12.74, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 73% over the past three years. Valuation Update With 7 Day Price Move • Sep 20
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to UK£13.51, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 74% over the past three years. Major Estimate Revision • Aug 09
Consensus EPS estimates fall by 34% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from €5.49b to €5.38b. EPS estimate also fell from €4.12 per share to €2.72 per share. Net income forecast to grow 19% next year vs 0.6% growth forecast for Airlines industry in the United Kingdom. Consensus price target down from UK£27.19 to UK£21.92. Share price fell 5.3% to UK£13.71 over the past week. Announcement • Aug 02
Wizz Air Holdings plc Provides Earnings and Operating Guidance for Fiscal Year 2025 Wizz Air Holdings Plc provided earnings and operating guidance for fiscal year 2025. For the period, the company expects Load factors of 92%, revenue of RASK up mid-single digit year-on-year, net income in the range of EUR 350 million - EUR 450 million. Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: €0.056 (vs €0.59 in 1Q 2024) First quarter 2025 results: EPS: €0.056 (down from €0.59 in 1Q 2024). Revenue: €1.26b (up 1.8% from 1Q 2024). Net income: €5.80m (down 91% from 1Q 2024). Profit margin: 0.5% (down from 4.9% in 1Q 2024). Revenue is forecast to grow 15% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has fallen by 34% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 02
Investor sentiment deteriorates as stock falls 25% After last week's 25% share price decline to UK£14.80, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 7x in the Airlines industry in Europe. Total loss to shareholders of 72% over the past three years. Announcement • Jul 03
Wizz Air Holdings Plc Announces Executive Changes Wizz Air Holdings Plc announced the following changes to its Senior Leadership Team structure: Robert Carey has departed the Company to pursue other interests. In the interim, József Váradi, Chief Executive Officer, will assume commercial leadership responsibilities for the next three months. Effective from 1 October 2024, Michael Delehant,currently Chief Operations Officer, will be promoted to Senior Chief Commercial and Operations Officer based in Budapest reporting to József Váradi. Michael will assume the responsibility for Wizz Air Group's operational and commercial activities. Michael joined Wizz Air in 2021, as Group Chief Operations Officer. He obtained a Bachelor degree in Psychology from the University of Michigan and his MBA from Southern Methodist University in Dallas. He has over two decades of executive airline experience in the fields of commercial, operations and strategy, and a long track record of leadership and corporate transformation. After a long career at Southwest Airlines in the US, he joined Wizz Air from Vueling in Europe where he was Chief Strategy and Network Officer. Diarmuid O'Conghaile, currently Managing Director Wizz Air Malta, will be promoted to Chief Operating Officer to oversee the Group's operational activities and performance, based in Budapest reporting to Michael Delehant. Prior to joining Wizz Air in his current role in 2022, he served as Chief Executive of the Irish Aviation Regulator, as Chief Executive of Malta Air at Ryanair Group and in various managerial positions at Dublin Airport, the European Commission, and the Irish government. He holds multiple Bachelor degrees from Trinity College Dublin in economics and a postgraduate diploma in competition law from Kings College London. Mauro Peneda, currently Head of Operations Control, will be promoted to Managing Director Wizz Air Malta, based in Malta, reporting to Diarmuid O Conghaile. Mauro joined Wizz Air in 2022 after nine years at the LATAM Airlines Group, where he was most recently the Airports Director of LATAM Brazil. Prior to his time at LATAM, he held positions with consultancy companies. Mauro holds an MSc in Civil Engineering from Instituto Superior Técnico, Lisbon and an MSc in Complex Transport Infrastructure Systems jointly from Instituto Superior Técnico, Lisbon and MIT and a Postgraduate Degree in Business Administration from Fundação Dom Cabral, São Paulo, Brazil. Subsequently, Silvia Mosquera, Commercial Officer, will report to Michael Delehant. New Risk • Jun 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Announcement • May 25
Wizz Air Holdings plc Provides Financial Guidance for Fiscal 2025 Wizz Air Holdings Plc provided financial guidance for fiscal 2025. For the period, the company expects Load factors of 92%; revenue of RASK up high single digit year-on-year; net income of €500 million to €600 million. Reported Earnings • May 24
Full year 2024 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2024 results: EPS: €3.64 (up from €5.07 loss in FY 2023). Revenue: €5.07b (up 30% from FY 2023). Net income: €376.6m (up €899.6m from FY 2023). Profit margin: 7.4% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 6.1%. Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Announcement • Apr 26
Wizz Air Holdings Plc to Report Fiscal Year 2024 Final Results on Jun 14, 2024 Wizz Air Holdings Plc announced that they will report fiscal year 2024 final results on Jun 14, 2024 New Risk • Apr 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (12% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (7.2% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to UK£19.59, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Airlines industry in Europe. Total loss to shareholders of 57% over the past three years. Reported Earnings • Jan 25
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: €1.06b (up 17% from 3Q 2023). Net loss: €113.1m (down 396% from profit in 3Q 2023). Revenue is forecast to grow 16% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Airlines industry in Europe. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Announcement • Jan 25
Wizz Air Holdings plc Announces Committee Changes Wizz Air Holdings Plc announced that it has appointed Phit Lian Chong, Non-Executive Director, as a member of the Audit and Risk Committee with immediate effect. With effect from 24 January 2024, Charlotte Pedersenwill step down from theAudit and RiskCommitteeand will bereplaced by Phit Lian Chong. Ms. Chong was the CEO of Low-Cost Carriers Jetstar Asia Airways and ValuAir from 2006 to 2012. Ms. Chong also served as an Independent Board Director and member of the Audit Committee on the Board of Tiger Airways Ltd, a low-cost subsidiary of Singapore Airlines. Following these changes, the Wizz Air Board Committees will comprise: Nomination & Governance: William Franke (Chair), Barry Eccleston, Charlotte Andsager and Stephen L. Johnson as Observer. Audit & Risk Committee: Enrique Dupuy de Lome Chavarri (Chair), Phit Lian Chong, Anna Gatti, Stephen L. Johnson, Andrew Broderick as Observers. Remuneration Committee: Barry Eccleston (Chair), Anna Gatti, Anthony Radev, Stephen L. Johnson as Observer. Sustainability & Culture Committee: Charlotte Andsager (Chair), Anthony Radev and Andrew Broderick. Safety, Security & Operational Compliance Committee: Charlotte Pedersen (Chair), Andrew Broderick and Barry Eccleston. New Risk • Nov 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of British stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Large one-off items impacting financial results. 
