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Wizz Air Holdings
(LSE:WIZZ)
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Rating:52Neutral
Price Target:
977.00 p
▼(-11.26% Downside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by fragile fundamentals—near-breakeven latest-year profitability and very high leverage—despite strong and improving cash flow. Technicals provide moderate support with the stock trading above key moving averages, while valuation offers little support due to negative earnings and no dividend yield. Earnings call commentary is mixed: management points to improving RASK trends, strong liquidity and hedging, but near-term losses and operational/cost execution risks remain significant.
Positive Factors
Strong Cash Generation
Improving operating and free cash flow gives Wizz Air greater capacity to fund fleet needs, absorb operational volatility, and maintain liquidity without relying entirely on external financing. This is a meaningful strengthening of financial resilience over the next several quarters.
Negative Factors
Near-Breakeven Profitability
Near-breakeven profitability leaves little cushion against cost increases, demand weakness, or operational disruption. Although EBITDA margins remain stronger, the thin net result shows that substantial operating capacity is not yet translating consistently into durable bottom-line earnings.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Improving operating and free cash flow gives Wizz Air greater capacity to fund fleet needs, absorb operational volatility, and maintain liquidity without relying entirely on external financing. This is a meaningful strengthening of financial resilience over the next several quarters.
Read all positive factors
Wizz Air Holdings (WIZZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.02B
Dividend YieldN/A
Average Volume (3M)810.45K
Price to Earnings (P/E)―
Beta (1Y)1.20
Revenue Growth10.71%
EPS Growth-101.29%
CountryUK
Employees9,668
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding103,531,850
10 Day Avg. Volume750,282
30 Day Avg. Volume810,452
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)4.99
Price to Sales (P/S)0.35
P/FCF Ratio4.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£990.00Price Target Upside-10.08% Downside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)-4.13
Revenue Forecast (FY)£6.60B
Wizz Air Holdings Business Overview & Revenue Model
Company Description
Wizz Air Holdings Plc, along with its associated companies, is dedicated to offering scheduled, direct passenger air transportation for short to medium-haul journeys. Its geographical focus includes both Europe and the Middle East. By June 8, 2022...
How the Company Makes Money
Wizz Air makes money primarily by selling air transportation and then monetizing additional services around that base fare. The company’s revenue model is typical of an ultra-low-cost carrier: it aims to keep advertised fares low while generating ...
Wizz Air Holdings Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call described a mix of significant short‑term headwinds (fuel price shock, Q1 loss, fare/RASK weakness, elevated depreciation/maintenance during CEO fleet returns and remaining grounded aircraft) alongside several structural positives: strong growth (ASK +15%, seats +25%), flat load factors, top‑tier operational performance, a large liquidity buffer (~EUR 2.3bn), substantial hedging coverage near term, and a clear roadmap to lower unit costs via GTF ungrounding and fleet renewal. Management guided that RASK weakness should materially improve in Q2 and emphasized that current high growth is an investment in future maturity and cost leadership, supported by continued strong liquidity and SLB proceeds. On balance the strategic levers and liquidity position were presented as outweighing the near‑term profitability pressures, with execution risks (engine maintenance, geopolitical fuel risk) noted as key watch items.Positive Updates
Strong Capacity and Seat Growth
ASKs up 15% year‑on‑year while seat capacity grew ~25% (driven by upgauging and shorter stage lengths), with management noting this quarter as a high‑growth period and Q2 ASK growth guided around ~20%.
Negative Updates
Reported Net Loss in Q1
Profit after tax for Q1 was negative EUR 198 million, with management attributing roughly EUR 100 million of the impact to higher fuel costs.
Read all updates
Q1-2027 Updates
Positive
Negative
Strong Capacity and Seat Growth
ASKs up 15% year‑on‑year while seat capacity grew ~25% (driven by upgauging and shorter stage lengths), with management noting this quarter as a high‑growth period and Q2 ASK growth guided around ~20%.
Read all positive updates
Company Guidance
Management guided that the business remains in a high‑growth phase but is stabilizing: Q1 saw ASK +15% and seats +25% (stage length -8% y/y), load factor was flat and RASK was -8% in Q1, while Q2 is guided to ~20% ASK growth (seats still up materially), flat load factor and RASK only down low single digits. They reiterated Q1 ex‑fuel CASK improved ~2% y/y but H1 ex‑fuel CASK is expected to be slightly up (management is working to keep it flat); temporary cost pressure is expected from 24 CEO redeliveries this year (vs 16 last year) that raise depreciation/maintenance now but should reduce depreciation in FY28. Key operational and balance‑sheet metrics: GTF grounded fleet reduced from 41→27 and is targeted to be fully ungrounded by end‑calendar 2027; fuel hedges cover 82% of Q2, 62% of H2 FY27 and 39% of H1 FY28; SLB program Q1 included 7 aircraft/8 engines (FY27 forecast ~21 aircraft/19 engines; ~€200m receipts); cash/liquidity ~€2.3bn (≈37–40% liquidity ratio); Q1 PAT -€198m (≈€100m fuel impact); management reiterated the pathway to European cost leadership and a normalized ~1,500 km stage length over the coming year.Wizz Air Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.64B | 5.27B | 5.07B | 1.66B | 739.00M |
| Gross Profit | 101.53M | 335.10M | 1.21B | -368.60M | -507.20M |
| EBITDA | 1.31B | 1.24B | 1.29B | -105.70M | -143.20M |
| Net Income | 2.18M | 225.80M | 376.60M | -631.80M | -572.10M |
Balance Sheet | |||||
| Total Assets | 11.28B | 9.64B | 8.69B | 5.36B | 4.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.91B | 1.66B | 1.48B | 1.22B | 1.45B |
| Total Debt | 6.99B | 6.61B | 6.27B | 3.96B | 3.14B |
| Total Liabilities | 10.35B | 9.32B | 8.55B | 5.09B | 3.82B |
| Stockholders Equity | 932.98M | 366.60M | 183.40M | 279.30M | 907.80M |
Cash Flow | |||||
| Free Cash Flow | 591.36M | 420.10M | -32.10M | -218.00M | -263.20M |
| Operating Cash Flow | 1.24B | 1.07B | 676.80M | 421.90M | 281.20M |
| Investing Cash Flow | 694.38M | -263.40M | -360.00M | 532.90M | -317.80M |
| Financing Cash Flow | -1.43B | -938.70M | -1.02B | -311.20M | -325.50M |
Wizz Air Holdings Technical Analysis
Negative
1101.00
Price Trends
1025.48
Negative
1074.02
Negative
1078.38
Negative
Market Momentum
-16.62
Positive
45.53
Neutral
85.47
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIZZ, the sentiment is Negative. The current price of 1101 is above the 20-day moving average (MA) of 1003.42, above the 50-day MA of 1025.48, and above the 200-day MA of 1078.38, indicating a bearish trend. The MACD of -16.62 indicates Positive momentum. The RSI at 45.53 is Neutral, neither overbought nor oversold. The STOCH value of 85.47 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WIZZ.
Wizz Air Holdings Peers Comparison
UnderperformOutperform
Sector (63)
GB:WIZZ
Wizz Air Holdings
984.00
-96.00
-8.89%
GB:EZJ
EasyJet
680.00
210.83
44.94%
GB:IAG
International Consolidated Airlines
409.20
3.38
0.83%
Wizz Air Holdings Corporate Events
Business Operations and StrategyExecutive/Board ChangesRegulatory Filings and Compliance
Wizz Air Grants Shares to Non-Executive Directors Under Omnibus Plan
Positive
Oct 14, 2026
Wizz Air Holdings has granted part of the director fees in the form of company shares to several non-executive board members under its Omnibus Plan. The move reinforces equity-based remuneration for board members, aligning their interests more clo...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Aligns Executive Incentives With Long-Term Shareholder Returns
Positive
Oct 2, 2026
Wizz Air Holdings Plc has granted long-term incentive awards under its Omnibus Share Plan to senior management, including Chief Technical Officer Jingyuan Sun and Revenue Officer East and U.K. Janos Pal. The awards take the form of options over 10...
Business Operations and StrategyRegulatory Filings and Compliance
Wizz Air Updates Share Capital, Voting Rights and Diluted Equity Position
Neutral
Oct 2, 2026
Wizz Air Holdings has confirmed that it has a single class of ordinary shares, totalling 103,531,853 in issue, all carrying one voting right, with none held in treasury. The disclosed voting rights figure provides the key denominator for sharehold...
Business Operations and StrategyFinancial Disclosures
Wizz Air Traffic Jumps 24% as Carrier Raises Revenue Outlook and Trims Capacity
Positive
Oct 2, 2026
Wizz Air reported strong September 2026 traffic, carrying 7.78 million passengers, up 24.2% year-on-year, with capacity rising 25.3% to 8.46 million seats. The load factor slipped slightly to 92.0%, but management said this partly reflected a stro...
Business Operations and StrategyFinancial Disclosures
Wizz Air Traffic Jumps 24% as Carrier Targets Growth with Pricing Discipline
Positive
Oct 2, 2026
Wizz Air reported strong operational momentum in September 2026, carrying 7.78 million passengers, up 24.2% year-on-year, as capacity rose 25.3% to 8.46 million seats. The load factor slipped slightly to 92.0%, but management highlighted a stronge...
Business Operations and StrategyFinancial Disclosures
Wizz Air Sets F30 Profitability Targets as Liquidity Strengthens
Positive
Sep 17, 2026
Wizz Air Holdings, the London-listed low-cost airline focused on Central and Eastern Europe, operates 269 Airbus aircraft and carried 69.7 million passengers in its 2026 financial year. The carrier has emerged as a sustainability leader among budg...
Business Operations and StrategyRegulatory Filings and Compliance
Wizz Air Updates Investors on Share Capital and Voting Rights
Neutral
Sep 2, 2026
Wizz Air Holdings PLC has confirmed that it currently has a single class of ordinary shares in issue, totalling 103,529,016 shares, all carrying one voting right, with no shares held in treasury. Voting rights attached to shares held by non-qualif...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Wizz Air Boosts August Traffic and Expands Spanish Footprint
Positive
Sep 2, 2026
Wizz Air reported strong August performance, carrying 8.70 million passengers, up 25.9% year-on-year, on capacity growth of 24.8% to 9.10 million seats and a load factor of 95.6%. The growth, slightly slower than July but aligned with guidance for...
Regulatory Filings and Compliance
Wizz Air Non-Executive Director Stephen Johnson Buys Shares Worth £158,706
Positive
Aug 25, 2026
Wizz Air Holdings has disclosed that non-executive director Stephen Johnson purchased 15,000 ordinary shares in the company on 19 August 2026. The transaction, executed on the London Stock Exchange at a price of £10.5804 per share for a total...
Regulatory Filings and Compliance
Wizz Air Discloses Senior Manager’s £349,800 Share Purchase
Positive
Aug 24, 2026
Wizz Air Holdings Plc has disclosed a share purchase by Brian Franke, a person discharging managerial responsibilities, in line with UK Market Abuse Regulation requirements. The transaction underscores ongoing insider activity and transparency in ...
Regulatory Filings and Compliance
Wizz Air Manager Boosts Equity Stake With Share Purchase
Positive
Aug 18, 2026
Wizz Air Holdings PLC reported that Janos Pal, an employee serving as Acting Revenue Officer West, has purchased ordinary shares in the company. The transaction, conducted through Hungarian online broker KH Ertekpapir, Patria finance, involved 9,0...
Regulatory Filings and Compliance
Wizz Air Discloses Share Sale by Revenue Executive Under U.K. MAR
Neutral
Aug 14, 2026
Wizz Air Holdings has disclosed a share transaction by Janos Pal, Acting Revenue Officer West, in compliance with U.K. MAR rules on managerial dealings. Pal exercised options and sold 9,151 ordinary shares at £10.76 per share on 13 August 202...
Business Operations and StrategyFinancial Disclosures
Wizz Air absorbs fuel shock as capacity surges and losses widen
Negative
Aug 6, 2026
Wizz Air reported strong first-quarter traffic growth, with passengers up 25% year-on-year and capacity expansion supported by a largely new A321neo fleet, but higher fuel costs and fare pressure pushed the airline to a €198.2 million net lo...
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Wizz Air AGM Backs All Resolutions but Investor Dissent Rises on Pay and Governance
Neutral
Aug 5, 2026
Wizz Air shareholders approved all ordinary and special resolutions at the 2026 annual general meeting, confirming the company’s accounts, auditor appointment and authorities to allot shares and disapply pre-emption rights. All board members...
Regulatory Filings and Compliance
Wizz Air Updates Market on Share Capital and Voting Rights
Neutral
Aug 4, 2026
Wizz Air Holdings has confirmed that it has one class of ordinary shares in issue, totaling 103,515,051, all carrying one voting right, with none held in treasury and a total voting rights figure that serves as the key denominator for shareholder ...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Wizz Air Boosts July Traffic and Expands Network with New Bases and Holiday Platform
Positive
Aug 4, 2026
Wizz Air reported a strong July with passenger numbers rising 31.6% year-on-year to 8.36 million, supported by a 30.4% increase in capacity to 8.91 million seats. The airline’s load factor improved to 93.7%, underscoring robust summer demand...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Wizz Air Seeks London Listing for New Shares to Fund Employee Incentive Plans
Positive
Jul 29, 2026
Wizz Air Holdings Plc has applied to the London Stock Exchange for the admission of 35,000 new ordinary shares to trading on the main market, with admission expected to become effective on 31 July 2026. The shares will be issued under the company&...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Reshapes Board Committees to Strengthen Governance
Positive
Jul 28, 2026
Wizz Air Holdings has updated the composition of its Board committees, signalling a refreshed governance structure to oversee key aspects of the business. Non-executive director Stephen L. Johnson has been appointed Chair of the Financial Performa...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.