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Wizz Air caught in crosswind as analysts disagree
The stock should rally so long as there are no further downgrades
Company
Wizz Air Holdings PLC
LON:WIZZ
Wizz Air is the largest low-cost airline in Central and Eastern Europe, operates a fleet of 66 Airbus A320 and Airbus A321 aircraft, and offers more than 420 routes from 24 bases, connecting 119 destinations across 38 countries. At Wizz Air, a team of approximately 2,600 aviation professionals delivers superior service and very low ticket prices making Wizz Air the preferred choice of 19.7 million passengers in the last 12 months. Wizz Air is listed on the London Stock Exchange under the ticker WIZZ and is included in the FTSE 250 and FTSE All-Share Indices.
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Wizz Air says fourth quarter loss to be less than expected
"We are starting to see recovery take shape as we move closer to the summer of 2022," said the CEO
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Wizz Air passenger traffic soars over 400% in March
The airline said the load factor rose to 86.2% from 62.5%
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Wizz Air halts all flights from Ukraine and Russia
Flights into and out of Modolva have meanwhile have been shifted to Romania.
Hedging strategies in spotlight as airlines fight new fires
Wizz Air's failure to hedge contrasts with extensive measures by Ryanair, IAG and easyJet
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Airlines sweat on Ukraine links
Wizz Air and Ryanair help in humanitarian effort while pondering long-term impact on Ukrainian investment
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Wizz Air to carry on flying to Ukraine
The decision sets it apart from its competitors who have suspended services in the area
Wizz Air's transatlantic plans run into objections due to poor record with staff
One US pilots union objected to the FTSE 250 company's "established anti-union record, poor labour standards, questionable safety culture, the impact its foreign carrier permit would have on competition, and its issues with consumer access
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Airlines on the up as broker predicts wave of consolidation
IAG rose 3.5%, WizzAir 4.8% and easyJet 4.7% as Credit Suisse suggests recovery from Covid can spark a rush of deals
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Wizz Air passenger numbers surge 318% in January
On a rolling 12-month basis, passenger numbers rose by 67.1%
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Wizz Air sees widening operating loss in Q4 on ongoing travel uncertainty
"Despite the short-term headwinds, we are cautiously optimistic for a continued recovery into spring and near-full utilisation from summer onwards," said CEO József Váradi
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Wednesday preview: Wizz Air Holdings, CMC Markets, Pets at Home Group
A look at what's in the diary for Wednesday in the City.
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Wizz Air prices €500mln bond offering
The budget airline will be using the funds for general purpose activites
Low-cost airlines flying too high after strong run – Deutsche Bank
DB has downgraded EasyJet from ‘buy’ to ‘hold’, while Wizz Air remains a ‘buy’, despite a lowered price target
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T42 IOT Tracking Solutions soars after signing US distribution deal
A look at some of the major movers in London on Tuesday
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Wizz Air acquires Gatwick slots from Norwegian Air Shuttle
“Acquiring airport slots at Gatwick Airport will enable us to enhance our presence and competitive position in the London market," said József Váradi
easyJet, IAG and Wizz Air - how long are their cash runways if omicron shuts down travel?
IAG has more cash than its budget rivals but has a much higher rate of cash burn
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Wizz Air orders up to 196 new fuel-efficient planes to be delivered this decade
With these new orders and potential orders, the company's current delivery backlog is for 429 planes
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Wizz Air to turn a loss again amid volatile demand, higher investments
The airline is preparing for next year's peak season, with trading hit by foreign exchange and commodity prices as well
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WizzAir to fly at full capacity in August as travel recovers
WizzAir said it will be the first major airline to be back at pre-Coronavirus (COVID-19) levels
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Budget carrier Wizz Air says planes two-thirds full
The industry has been hard hit by Covid, which has ushered in tight overseas travel restrictions
Wizz Air is Europe’s greenest airline, says JP Morgan
Analysts at the investment bank said airlines with “young, fuel efficient fleets have a clear advantage” amid a growing need to cut down on carbon emissions, noting that Wizz currently has the youngest fleet among the European airlines in i
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Wizz Air looks to 2023 for air travel recovery
Losses at the Central Europe-focused carrier scored to €567mln
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Wizz Air results set for flyby on quiet Wednesday
Aside from the budget carrier, Harry Potter publisher Bloomsbury will also be delivering finals, while the macro diary will see a sprinkling of data in the form of mortgage figures from both the UK and the US
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Wizz Air remains favoured as JPMorgan slashes airline company forecasts
The broker has made significant cuts to forecasts for the current year for Wizz Air, Ryanair and easyJet. Wizz Air is the only stock it currently feels positive about.
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Wizz Air sees gradual recovery this summer as losses mount
Losses for the year just ended are expected to be in a range of €570-590mln
Travel stocks tick higher amid reports of vaccine passport plans
The UK government is reportedly drawing up plans to issue certifications that may allow travellers to bypass quarantine rules if they can prove they have been inoculated against COVID-19
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Wizz Air posts 82% plunge in monthly passengers numbers
Capacity plummeted 73% due to travel restrictions across its markets
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Wizz Air swings to quarterly loss as 2021 to be year of transition
In the three months to December 31, the number of passengers flying plummeted 77%
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FTSE 100 loses ground as traders abandon airline stocks over lockdown pessimism
In the US, the S&P 500 and the Nasdaq outperformed the Dow as earnings optimism appeared to outweigh nervousness about the coronavirus
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Wizz Air, Ryanair see another plunge in passenger numbers in December
A drop in load factor also caused higher CO2 emissions
Wizz Air descends to sell, IAG target raised as UBS reassess view on airline sector following difficult year
The Swiss bank said while they expected Wizz to be a “structural winner” for the central and eastern Europe market there was “downside share price risk” after the stock hit an all-time high
Coronavirus: Travellers to England can halve quarantine after taking private tests from December
The assays can be booked from private providers on the government’s list for £65-120
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Wizz Air slides to loss but cash pile gives confidence for cold Covid winter
The Central and Eastern European focused airline had €1.4bn of cash and equivalents and another £145mln of restricted cash at the end of September
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Wizz Air expects to operate at half capacity during winter
Analysts at Peel Hunt said it is a clear indication of the current weakness in demand
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Wizz Air to operate at 60% capacity until December
The new forecast is based on renewed travel restrictions imposed across Europe and in Hungary
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Wizz Air sees quarterly expenses shrink as it sits on €1.5bn cash pile
The budget airline halved staff costs with redundancies and salary cuts, while fuel, airport and maintenance charges were significantly reduced
Shorthaul carriers better placed for air travel recovery, suggests Barclays
On the ramp-up, Barclays sees Wizz Air, Lufthansa and Ryanair as better positioned
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Wizz Air confirms initial Abu Dhabi joint venture network
The initial routes will include Kutaisi in Georgia, Larnaca in Cyprus and Yerevan in Armenia
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Wizz Air expands network in Europe
Four additional aircraft expands the Wizz network by 44 routes.
Wizz Air plans to take advantage of rivals weakness amid coronavirus
Elsewhere, Ryanair announced that traffic was down 99.5% in May
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FTSE 100 notches up triple digit gain as bullish market mood continues
Britain's blue-chip benchmark finished up over 162 points higher, or 2.61%, at 6,382
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Wizz Air results come in for landing on Wednesday
Mid-week also brings results from food outlet operator SSP as well as UK PMI data and US ADP employment numbers
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FTSE 100 closes higher as traders cheer Chinese data and resume optimistic mode
Britain's blue chip index finished up nearly 90 points, or 1.48%, at 6,166 on the day
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Wizz Air adds 50 new routes, including Italy and Cyprus
The budget airline was one of the first to restart flights after initial coronavirus groundings
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Wizz Air announces flights to Abu Dhabi, resumes operations in London and Vienna
Capacity in April plummeted 97% due to travel restrictions to limit the spread of the coronavirus
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Wizz Air capacity wiped out by 97%, sacks 1,000 workers
Statutory profit for the financial year ended last month is expected to be €270-280mln
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Wizz Air cuts capacity by a third in March due to travel restrictions
The airline is still operating flights to repatriate passengers and to deliver medical equipment
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FTSE 100 closes deeply in red as global stocks tank amid pandemic crisis
Britain's index of blue-chip shares closed down over 217 points at 5,454
Wizz Air flies in with trading update on April Fools day
The mid-point of the week will also bring the UK's manufacturing PMI, as well as similar data from the US
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Wizz Air descends as it grounds 85% of fleet, warns total grounding ‘distinct possibility’
The budget carrier said potential additional travel restrictions and social distancing policies from national governments “may make international flying for commercial purposes either untenable or impossible” in the coming weeks
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Wizz Air to cut 10% of flights as coronavirus hits demand
The coronavirus outbreak has dragged down the travel sector in Europe
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Wizz Air's Abu Dhabi joint venture to begin flying in autumn
“Today marks an important milestone on the way to establishing our new airline in Abu Dhabi”
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Wizz Air points joystick to higher profits
“Wizz Air also confirms that the current trading conditions continue to be favourable with a relatively benign competitive environment, stable fuel prices and a positive yield environment”
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Fed rates decision to dominate on otherwise quiet Wednesday
The Fed is widely expected to hold fire on interest rates, although analysts are predicting that at least one rate cut this year highly likely
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Wizz Air flies into Middle East with Abu Dhabi deal
Wizz Air Abu Dhabi is expected to launch in the second half of 2020 and is set to reach 5bn customers across Europe, the Indian subcontinent, Middle East and Africa
Wizz Air speeds ahead with fast passenger growth as Ryanair sees modest rise
Shares rose at both budget airlines after both reported decent passenger growth over the last month
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Wizz Air reassures about improved fuel price hedging
The low-cost airline said 77% of projected jet fuel requirements were covered for the current financial year to March
Stobart clinches deal with Wizz Air for Southend Airport
"The agreement with Wizz Air is another significant milestone in the development of the UK's fastest-growing airport, London Southend Airport,” said chief executive Warwick Brady.
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Wizz Air's load factor increased in July
The airline took delivery of a brand new Airbus 321neo aircraft in July, increasing the size of its fleet to 115 aircraft.
Investments and investor services
Wizz Air shares fly higher as it swings to quarterly profit
The budget airline reaffirmed its guidance for full-year net profit but cut its estimate for revenue per seat kilometre
Ryanair, easyJet and IAG descend on Lufthansa warning
The German carrier said that market-wide overcapacities and the aggressive growth of low-cost competitors were putting pressure on the European short-haul market
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Wizz Air the lowest CO2 emissions airline and plans to further reduce environmental impact
The budget airline plans cut its CO2 emissions by one third for every passenger over the next decade.
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Wizz Air delivers record profit despite Brexit uncertainty and higher fuel prices
For the 2020 financial year, the group expects net profit to rise to between €320mln and €350mln.
Investments and investor services
FTSE 100 closes down after latest Trump trade war stunt
The Dow Jones suffered a 300 point fall in the first half hour of trading
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Wizz Air hopes to dodge problems facing budget airline sector
The day ahead includes full-year results from Wizz Air and Charles Stanley
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Enjoy the UK bank holiday, because there will be little else to get excited about in the coming week
The shortened trading Week Ahead will only bring updates from the likes of second-liners FirstGroup, Pennon, Wizz Air, and Daily Mail & General Trust
Ryanair and Wizz Air report double-digit traffic growth for April
Ryanair reported 13.5mln passengers across its group during the month, up 10% year-on year, while Wizz Air reported that its passenger numbers had risen 19% to 2.7mln
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Wizz Air soars on upbeat trading update as both it and Ryanair report traffic growth in March
For the financial year ended 31 March 2019, Wizz said it expected net profits to be in the “upper half” of its guidance range of between €270mln-€300mln
Airline stocks see red after cautious outlook from easyJet fuels Brexit concerns
“EasyJet’s warning about softer ticket prices has sent shockwaves across the airline industry ...” said AJ Bell's Russ Mould
Ryanair and Wizz Air both report passenger growth of around 13% in February
For Ryanair, total passenger numbers in the month rose 13% year-on-year to 9.6mln with a load factor of 96%
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Wizz Air flies lower as UBS downgrades rating to 'neutral' from 'buy'
UBS argued that there was insufficient share-price upside for Wizz as it cast doubt on the budget airline’s ability to offset recent increases in fuel prices
Budget airlines Ryanair, easyJet and others, stand to benefit from overcapacity
“We see tougher market conditions in the short term as positive for the stronger airlines in the long term, since this clears out weaker competitors and aids consolidation in the market,” Liberum said
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Wizz Air profits dented by fuel costs while full-year guidance hinges on Brexit and Easter
The possible impact of Brexit and a later Easter this year will determine where Wizz Air'S profits fall within its guidance range for the year
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FTSE 100 closes higher with gains across all major sectors
The UK index of leading shares finished over 107 points ahead at 6,941, while the FTSE 250 also closed strongly
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Fed statement to take centre stage on Wednesday
Not much is expected in the way of rate changes from the Fed, so the press conference from chair Jerome Powell will be holding most of the attention
Lloyds added to JPMorgan Cazenove’s European Best Equity Ideas Overweight List
JPMorgan's European Best Equity Ideas list summarises the bank’s EMEA Equity research team’s views and top picks, covering both strategy and sector contributions
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British Airways parent IAG, Ryanair and easyJet downgraded by Morgan Stanley
Morgan Stanely said IAG is its least preferred airline stock, citing growing concerns on topline momentum, cost headwinds and allocation of capital
easyJet knocked by JPMorgan downgrade, as sector roiled by another Ryanair profit warning
The US bank’s analysts cut their rating for easyJet to ‘neutral’ from ‘overweight’ and reduced their target price for the FTSE 100-listed firm to 1,450p from 1,800p
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British Airways-owner IAG saw rise in December passenger numbers, although load factor slipped
The FTSE 100-listed flag carrier said it flew passenger 8.3mln passengers last month, up from 7.7mln in December 2017, an 8.1% year-on-year increase
Ryanair’s wings clipped by Berenberg downgrade to ‘sell’, sees ‘value trap’ for low-cost airlines
The German broker also reduced its target price for the dual Dublin and London-listed airline to €9.75, down from €12.60 previously, with the stock trading at €10.57, down 0.9% on Monday’s close
Ryanair and Wizz Air report double-digit passenger growth in December
Ryanair reported passenger numbers of 10.3mln for December, up 12% year-on-year while its load factor was at 95%
Wizz Air and Ryanair report traffic growth in November as latter inks agreement with German pilot’s union
Wizz Air reported that passenger numbers had risen to 2.4mln during the month, an 11.2% increase year-on-year, while Ryanair's traffic grew 11% YOY to 10.4mln
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Ferguson and Greencore among highlights in Tuesday’s diary
The US economic outlook, the order book and restructuring will all be among the key points as Ferguson updates investors.
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UBS upgrades Wizz Air to ‘Buy’, cites underpenetrated markets and management record among positives
The bank said it expected double-digit traffic growth for the airline, adding that the bulk of its markets were predicted to have higher GDP growth and “underpenetrated travel markets”
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Wizz Air shares take a dive as it downgrades full-year profit guidance on fuel prices and summer disruption
Despite positive first-half earnings, the budget airline lowered its net profits guidance for the full year to between €270mln and €300mln from between €310 and €340mln previously
FTSE 100 closes higher as markets are relieved after US midterm election
The UK's premier benchmark index finished over 76 points higher, or 1.09%, at 7,117
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Fed meeting and interest rate decision to hold focus on Wednesday amid midterm results
The latest interest rate decision from the Fed will be vying for attention as markets digest the results from Tuesday's midterm elections
easyJet and Wizz Air shares move up as both report passenger number growth, but easyJet load factor slips
The white and orange liveried airline reported that passenger numbers for the month had risen 14.1% year-on-year to around 8.6mln
European airline stocks ready to take off again with IAG leading the way - Deutsche Bank
European airline stocks have fallen by around a fifth since the first half results season - and now look oversold, according to Deutsche Bank analysts
Easyjet carries an extra 1mln passengers in September but load factor slips
A fall in load factor will be a disappointment for some, given that, in an era of low ticket prices, airlines need to get as many bums on seats as possible
Ryanair and Wizz Air report double digit passenger growth in September
The two budget airlines reported passenger growth year-on-year of 11% and 17.5% respectively
FTSE 100 finishes in negative territory; Royal Mail slumps - again
FTSE 100 was on the losing team all day and closed down over 21 points at 7,474
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Ferguson to report robust full year sales growth as US construction market booms
The day ahead includes full year earnings from Ferguson and Revolution Bars
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Jack’s store roll-out in focus as Tesco reports first half results
The week ahead includes Tesco interims, full-year earnings from DFS Furniture and Ferguson, an Electrocomponents trading update and the US non-farm payrolls report
Investments and investor services
EasyJet and Ryanair out of favour as Berenberg prefers long haul
BA-owner IAG is tipped to rise, whereas the outlook was seen to be less rosy for EasyJet and Ryanair.
easyJet and IAG report passenger and load factor growth in August
easyjet reported that passenger numbers for the month were up 5.6% at around 8.7mln compared to August 2017, while its load factor inched up 0.1 percentage points to 96.4%
Both Ryanair and Wizz Air report growth in passenger numbers in August
Both airlines reported that passenger numbers had risen compared to August 2017, although Ryanair retained a higher load factor of 97% compared to Wizz's 95.6%
FTSE 100 closes in red as BoE governor Carney could stay on and WPP plunges
Economists at ING said the August manufacturing data suggests “US business is weathering the protectionist storm for now"
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WPP reports half-year results in wake of chief executive appointment
The day ahead includes interims from WPP, full year earnings from Redrow and a trading update from DS Smith