The latest announcement is out from Wizz Air Holdings ( (GB:WIZZ) ).
Wizz Air celebrates its 10th anniversary on the London Stock Exchange by announcing a new direct flight route from London Gatwick to Medina, Saudi Arabia, using the Airbus XLR aircraft. This expansion is part of Wizz Air’s strategy to grow its network in the Middle East and enhance its market presence. The airline aims for a 15-20% annual passenger growth, supported by fleet expansion and sustainability initiatives, including a target to power 10% of flights with sustainable aviation fuel by 2030. With a disciplined cost structure and strong liquidity, Wizz Air is well-positioned for future growth and shareholder value.
More about Wizz Air Holdings
Wizz Air Holdings PLC is a leading European airline known for its sustainability efforts and low-cost travel options. The company operates over 100 destinations across the Middle East and Europe, with a significant presence in Abu Dhabi. Since its IPO in 2015, Wizz Air has expanded its fleet and passenger numbers significantly, positioning itself as an industry leader with a focus on low emissions and sustainable aviation fuel.
YTD Price Performance: 8.48%
Average Trading Volume: 608,023
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.61B
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