easyJet and Wizz Air passenger numbers lifted in July
FTSE 100 airline easyJet reported a 4.5% increase in passengers for July, while FTSE 250 constituent Wizz Air saw numbers jump 22.9% to around 3.47mln in the period
Company
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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FTSE 100 airline easyJet reported a 4.5% increase in passengers for July, while FTSE 250 constituent Wizz Air saw numbers jump 22.9% to around 3.47mln in the period
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At the close, the UK blue chip index was 4.68 points higher at 7,663.78, just below the session peak of 7,681.86, having recovered from a low of 7,636.60
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A look at some of the biggest risers and fallers in London on Wednesday
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The airline reported underlying earnings of €151.4mln for the period, down from €155.9mln in the same period last year, despite a growth in revenues to €553.4mln from €469.3mln
Investments and investor services
Among Wednesday's names are ITV, GlaxoSmithKline, Indivior, and Tullow Oil
The global financial body added that several countries, including the US and UK, had excessive current account deficits and borrowed too much
Tough competition, higher costs, labour strikes and Brexit are among the challenges facing European airlines
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Aside from the soft drinks firms and brewer, the day ahead on Tuesday includes updates from blue-chip real estate firm Hammerson and student acommodation group Unite
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IAG believes the Austrian market is still underserved despite experts raising concerns there could be casualties as a result of too many airlines competing against each other
A look at some of the top risers and fallers in London on Tuesday
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Dublin-headquartered Ryanair said its passenger numbers increased by 7% to 12.6mln in June 2018, up from 11.8mln at the same stage a year ago
The UK blue-chip benchmark closed up over 45 points higher at 7,593, while FTSE 250 added over 59 points at 20,665.
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The construction will be facing renewed focus after the surprise upward revision of UK Q1 GDP last week
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The week ahead will see quarterly results from Sainsbury's and AB Foods, trading updates from Bovis Homes and Persimmon, and full year earnings from SuperDry
Analysts at the Irish stockbroker upgraded their stance for Wizz Air to ‘outperform’ from ‘neutral’, citing the scope for 15% capacity and earnings growth over the next decade
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Wizz Air reported a 22.1% increase in net profit to a record €275mln for the year to end of March 2018
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News that the President will now not be meeting North Korea leader Kim Jong-un next month as planned is weighing on global stocks
Investments and investor services
Kingfisher, Tate & Lyle, Talk Talk Telecoms and United Utilities are among the stand-out names in Thursday's schedule.
Concerns on margin pressures and upcoming results from competitors will likely lead to a review of the airline's prospects once the high of today's results wears off
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Wizz Air's UK subsidiary started operations today with the first flight out to Bucharest
easyJet was forced to cancel more than 1,000 flights due to adverse weather conditions across Europe and a further 200 due to industrial action in France and Italy
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The day ahead includes March traffic from blue chip airlines easyJet PLC and British Airways owner International Airlines Group PLC, plus a trading update from Electrocomponents PLC
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Wizz Air said it added nine new routes to and from Austria, and one new route to and from Bosnia and Herzegovina
The blue-chip benchmark closed up around three points at 7,034, with the big cap miners lagging
The heavy snowfall in many parts of the company will most likely have stopped Topps Tiles' like-for-like sales growth stone cold.
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The week ahead includes interims from Topps Tiles, traffic statistics from easyJet and IAG, a trading statement from Electrocomponents and the US non-farm payrolls report
Passenger numbers rose 4% to 5.5 million last month
Ryanair failed to lift its load factor in February for the first time in almost a year while IAG's grew and Wizz Air's declined
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FTSE 100 closed around 46 points higher at 7,115. Little brother FTSE 250 also gained ground - up over 180 points at 19,567.
Britain's top tier index closed around 54 points lower at 7,533
Ryanair only has three UK domestic routes but it is worried it may not be able to continue running these after Britain exits the EU. The company also released December passenger statistics, as did Wizz Air
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The deal includes the purchase of 72 Airbus A320neos and 74 Airbus A321neos for delivery between 2021 and 2026, enabling Wizz Air to renew its existing fleet and provide additional capacity for further growth
London shares closed at new records as traders now turn attention to 2018
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IAG reportedly trumped rivals with a significant bid for failed carrier Monarch's runway slots at London Gatwick
Hardware & electrical equipment
Among a host of board changes, interim chief executive Yosi Fait has also been given the gig on a permanent basis
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Wizz Air shares flew lower after its new full year guidance disappointed the market
Investments and investor services
Defensive stocks like BAT and Imperial Brands are in demand suggesting the markets are exercising a bit of caution after the recent record-breaking run ...
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The day ahead includes interims from M&S and trading updates from Wetherspoon and Persimmon
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Wizz Air shares wizzed higher after announcing plans to set up a UK subsidiary to ensure it can still operate flights in the nation after Brexit
The Irish airline has attracted heavy criticism for the cancelled flights
The pound's weakness is the source of the Footsie's late strength
The carrier went into administration in the early hours of this morning as intense competition and wafer-thin margins finally took their toll
Sky News reported that budget airlines, easyJet PLC and Wizz Air PLC are among rivals that have lodged bids for parts of Monarch's short-haul network
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Generally, "limited visibility" is a bad thing for airlines and the market seems to have picked up on this, rather than the CEO's optimism
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Interim results are due from UK power firm Drax and a trading statement from TalkTalk will likely also garner investor attentions.
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The firm originally planned to redirect some of its jets following last summer’s vote, but today it has reaffirmed its commitment to the UK with a “major investment”
The US investment bank downgraded its stance for FTSE 100-listed IAG – which also owns Iberia, Aer Lingus and Vueling - to ‘neutral‘ from ‘buy'
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Indigo has sold an aggregate of 10.7mln ordinary shares in the company by way of an accelerated bookbuild to institutional investors at a price of 2,320p each
Davy’s analysts said the upgrade is based on easyJet’s “unit revenue momentum and the exposure to this trend from the operating leverage provided by its lowered margins”
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The airline now expects net profit for the year to end March 2018 to be €250-270mln
FTSE 100 closed at 7,517 - up 2.81. points, or 0.04% and failed to make a record close
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Day ahead: OPEC meeting in Vienna, Halfords preliminaries ...
Both airlines improved their figures despite a later Easter and several air traffic control strikes
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Passenger numbers for February were up 22% to 1.72mln compared to same month a year earlier
The main risers and fallers around 2.45pm included Metal Tiger, CloudTag, Laura Ashley ...
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London Luton has operated Wizz Air flights for over 12 years but it now will become the airline's first UK airport with base operations.
Investments and investor services
FTSE 100 shares closed lower, dragged down by weaker US stocks and a flurry of ex-dividend stocks in London
The FTSE 100-listed firm transported 5.6 million passengers in December, up over 15% from the 4.8 million passengers it carried a year earlier.
So … who’s already pencilled into the schedule for Wednesday?
Sports nutrition and supplements group Science in Sports was among London's risers.
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The impact on Euro priced fares has caused the budget airline to redraw its expansion plans in the UK.
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The International Monetary Fund has slashed its economic forecasts for the UK, although it’s been claimed that the UK economy will still grow faster than those of some of its European neighbours…
M&S slumps after CEO warns of long haul ahead for the clothing business. People still want to buy BHS for some reason. Also covered: Wizz Air, Eurasian Mining, CentralNic
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Central and eastern European no-frills airline says profits to hit top end of guidance