Capacity and Market Share Growth
Wizz Air reported a significant increase in capacity, passengers, revenue, and profit for the first half of fiscal '26. The airline is targeting a 10% to 12% annual growth rate, positioning itself as the fastest-growing airline in Europe. Market share in Central and Eastern Europe is expected to rise to 29%, up from 25%.
Revenue and Operating Profit Increase
Revenue increased by 9% year-on-year, with EBITDA up 19% and operating profit up 25%. The EBITDA margin was 29%, and the EBIT margin was 13%.
Successful Cost Management
The airline achieved savings of EUR 29 million in disruption costs and reduced wet lease costs by EUR 76 million. Fuel costs decreased by 2.1% despite an 8.9% growth in volume due to improved fuel efficiency and hedging.
Strategic Decisions and Fleet Management
Wizz Air finalized a deal with Airbus to reset the aircraft delivery stream, extending deliveries to 2033 and reducing the original delivery period by 91 aircraft. This adjustment aims to derisk the growth profile and address issues related to the Pratt & Whitney engine groundings.
Strong Cash Position
The company ended the first half with approximately EUR 2 billion in cash, reducing its net leverage ratio from 4 to 3.6, and maintained a liquidity target of 30% to 35%.