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Wizz Air Holdings ( (GB:WIZZ) ) has issued an announcement.
Wizz Air Holdings Plc reported a 14.7% increase in fleet size and a 10.5% rise in total revenue for the three months ending December 2024, despite facing challenges like foreign exchange headwinds and increased costs. The company managed to achieve record passenger traffic and improve its load factor, reflecting strong demand and favorable pricing. However, significant FX charges impacted profitability, prompting a hedging program to mitigate future volatility. Looking forward, Wizz Air is focusing on growth, with plans to expand its fleet and network, supported by new aircraft orders and adjusted delivery schedules to enhance its market position.
More about Wizz Air Holdings
Wizz Air Holdings Plc is a major player in the airline industry, focusing on providing low-cost air travel services across Europe and beyond. With a growing fleet of aircraft, primarily Airbus A321s, the company targets expanding its network in core markets while maintaining competitive pricing strategies.
YTD Price Performance: -4.66%
Average Trading Volume: 538,089
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.5B
For detailed information about WIZZ stock, go to TipRanks’ Stock Analysis page.
