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Wizz Air Holdings
(LSE:WIZZ)
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Rating:52Neutral
Price Target:
1,158.00 p
▲(11.35% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by fragile fundamentals—near-breakeven latest-year profitability and very high leverage—despite strong and improving cash flow. Technicals provide moderate support with the stock trading above key moving averages, while valuation offers little support due to negative earnings and no dividend yield. Earnings call commentary is mixed: management points to improving RASK trends, strong liquidity and hedging, but near-term losses and operational/cost execution risks remain significant.
Positive Factors
Cash generation
Wizz Air's materially improved operating cash flow and meaningful positive free cash flow provide durable internal funding for fleet renewals, sale‑and‑leaseback flexibility and short‑term liquidity needs. Strong cash conversion cushions cyclical revenue swings and supports investment or deleveraging over the next 2–6 months.
Negative Factors
Very high leverage
Extremely elevated leverage leaves Wizz Air financially fragile for a cyclical airline: interest and refinancing costs, and limited equity buffer increase the chance that operational shocks (fuel, demand) translate to solvency or covenant stress. High debt constrains strategic flexibility across a 2–6 month horizon.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Wizz Air's materially improved operating cash flow and meaningful positive free cash flow provide durable internal funding for fleet renewals, sale‑and‑leaseback flexibility and short‑term liquidity needs. Strong cash conversion cushions cyclical revenue swings and supports investment or deleveraging over the next 2–6 months.
Read all positive factors
Wizz Air Holdings (WIZZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.12B
Dividend YieldN/A
Average Volume (3M)584.48K
Price to Earnings (P/E)―
Beta (1Y)1.37
Revenue Growth10.71%
EPS Growth-101.29%
CountryUK
Employees9,668
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.03
Shares Outstanding103,483,620
10 Day Avg. Volume576,976
30 Day Avg. Volume584,477
Financial Highlights & Ratios
PEG Ratio-0.20
Price to Book (P/B)4.99
Price to Sales (P/S)0.35
P/FCF Ratio4.36
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,184.17Price Target Upside13.86% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-3.28
Revenue Forecast (FY)£6.61B
Wizz Air Holdings Business Overview & Revenue Model
Company Description
Wizz Air Holdings Plc, along with its associated companies, is dedicated to offering scheduled, direct passenger air transportation for short to medium-haul journeys. Its geographical focus includes both Europe and the Middle East. By June 8, 2022...
How the Company Makes Money
Wizz Air primarily makes money by selling air travel and related services under an ultra-low-cost model where the base fare is kept low and many optional items are charged separately.
1) Passenger ticket revenue (base fares)
- The core revenue st...
Wizz Air Holdings Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q1-2027)
| % Change Since: |
Next Earnings Date:Nov 12, 2026
Earnings Call Sentiment Positive
The call described a mix of significant short‑term headwinds (fuel price shock, Q1 loss, fare/RASK weakness, elevated depreciation/maintenance during CEO fleet returns and remaining grounded aircraft) alongside several structural positives: strong growth (ASK +15%, seats +25%), flat load factors, top‑tier operational performance, a large liquidity buffer (~EUR 2.3bn), substantial hedging coverage near term, and a clear roadmap to lower unit costs via GTF ungrounding and fleet renewal. Management guided that RASK weakness should materially improve in Q2 and emphasized that current high growth is an investment in future maturity and cost leadership, supported by continued strong liquidity and SLB proceeds. On balance the strategic levers and liquidity position were presented as outweighing the near‑term profitability pressures, with execution risks (engine maintenance, geopolitical fuel risk) noted as key watch items.Positive Updates
Strong Capacity and Seat Growth
ASKs up 15% year‑on‑year while seat capacity grew ~25% (driven by upgauging and shorter stage lengths), with management noting this quarter as a high‑growth period and Q2 ASK growth guided around ~20%.
Negative Updates
Reported Net Loss in Q1
Profit after tax for Q1 was negative EUR 198 million, with management attributing roughly EUR 100 million of the impact to higher fuel costs.
Read all updates
Q1-2027 Updates
Positive
Negative
Strong Capacity and Seat Growth
ASKs up 15% year‑on‑year while seat capacity grew ~25% (driven by upgauging and shorter stage lengths), with management noting this quarter as a high‑growth period and Q2 ASK growth guided around ~20%.
Read all positive updates
Company Guidance
Management guided that the business remains in a high‑growth phase but is stabilizing: Q1 saw ASK +15% and seats +25% (stage length -8% y/y), load factor was flat and RASK was -8% in Q1, while Q2 is guided to ~20% ASK growth (seats still up materially), flat load factor and RASK only down low single digits. They reiterated Q1 ex‑fuel CASK improved ~2% y/y but H1 ex‑fuel CASK is expected to be slightly up (management is working to keep it flat); temporary cost pressure is expected from 24 CEO redeliveries this year (vs 16 last year) that raise depreciation/maintenance now but should reduce depreciation in FY28. Key operational and balance‑sheet metrics: GTF grounded fleet reduced from 41→27 and is targeted to be fully ungrounded by end‑calendar 2027; fuel hedges cover 82% of Q2, 62% of H2 FY27 and 39% of H1 FY28; SLB program Q1 included 7 aircraft/8 engines (FY27 forecast ~21 aircraft/19 engines; ~€200m receipts); cash/liquidity ~€2.3bn (≈37–40% liquidity ratio); Q1 PAT -€198m (≈€100m fuel impact); management reiterated the pathway to European cost leadership and a normalized ~1,500 km stage length over the coming year.Wizz Air Holdings Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
28
Negative
Cash Flow
63
Positive
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 5.64B | 5.27B | 5.07B | 1.66B | 739.00M |
| Gross Profit | 101.53M | 335.10M | 1.21B | -368.60M | -507.20M |
| EBITDA | 1.31B | 1.24B | 1.29B | -105.70M | -143.20M |
| Net Income | 2.18M | 225.80M | 376.60M | -631.80M | -572.10M |
Balance Sheet | |||||
| Total Assets | 11.28B | 9.64B | 8.69B | 5.36B | 4.72B |
| Cash, Cash Equivalents and Short-Term Investments | 1.91B | 1.66B | 1.48B | 1.22B | 1.45B |
| Total Debt | 6.99B | 6.61B | 6.27B | 3.96B | 3.14B |
| Total Liabilities | 10.35B | 9.32B | 8.55B | 5.09B | 3.82B |
| Stockholders Equity | 932.98M | 366.60M | 183.40M | 279.30M | 907.80M |
Cash Flow | |||||
| Free Cash Flow | 591.36M | 420.10M | -32.10M | -218.00M | -263.20M |
| Operating Cash Flow | 1.24B | 1.07B | 676.80M | 421.90M | 281.20M |
| Investing Cash Flow | 694.38M | -263.40M | -360.00M | 532.90M | -317.80M |
| Financing Cash Flow | -1.43B | -938.70M | -1.02B | -311.20M | -325.50M |
Wizz Air Holdings Technical Analysis
Neutral
1040.00
Price Trends
1121.84
Negative
1037.04
Positive
1112.39
Negative
Market Momentum
-7.64
Positive
47.17
Neutral
19.90
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIZZ, the sentiment is Neutral. The current price of 1040 is below the 20-day moving average (MA) of 1077.00, below the 50-day MA of 1121.84, and below the 200-day MA of 1112.39, indicating a neutral trend. The MACD of -7.64 indicates Positive momentum. The RSI at 47.17 is Neutral, neither overbought nor oversold. The STOCH value of 19.90 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:WIZZ.
Wizz Air Holdings Peers Comparison
UnderperformOutperform
Sector (63)
GB:WIZZ
Wizz Air Holdings
1,080.00
-305.00
-22.02%
GB:EZJ
EasyJet
671.00
172.92
34.72%
GB:IAG
International Consolidated Airlines
443.50
59.63
15.53%
Wizz Air Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Wizz Air absorbs fuel shock as capacity surges and losses widen
Negative
Aug 6, 2026
Wizz Air reported strong first-quarter traffic growth, with passengers up 25% year-on-year and capacity expansion supported by a largely new A321neo fleet, but higher fuel costs and fare pressure pushed the airline to a €198.2 million net lo...
Executive/Board ChangesRegulatory Filings and ComplianceShareholder Meetings
Wizz Air AGM Backs All Resolutions but Investor Dissent Rises on Pay and Governance
Neutral
Aug 5, 2026
Wizz Air shareholders approved all ordinary and special resolutions at the 2026 annual general meeting, confirming the company’s accounts, auditor appointment and authorities to allot shares and disapply pre-emption rights. All board members...
Regulatory Filings and Compliance
Wizz Air Updates Market on Share Capital and Voting Rights
Neutral
Aug 4, 2026
Wizz Air Holdings has confirmed that it has one class of ordinary shares in issue, totaling 103,515,051, all carrying one voting right, with none held in treasury and a total voting rights figure that serves as the key denominator for shareholder ...
Business Operations and StrategyFinancial DisclosuresProduct-Related Announcements
Wizz Air Boosts July Traffic and Expands Network with New Bases and Holiday Platform
Positive
Aug 4, 2026
Wizz Air reported a strong July with passenger numbers rising 31.6% year-on-year to 8.36 million, supported by a 30.4% increase in capacity to 8.91 million seats. The airline’s load factor improved to 93.7%, underscoring robust summer demand...
Business Operations and StrategyDelistings and Listing ChangesPrivate Placements and Financing
Wizz Air Seeks London Listing for New Shares to Fund Employee Incentive Plans
Positive
Jul 29, 2026
Wizz Air Holdings Plc has applied to the London Stock Exchange for the admission of 35,000 new ordinary shares to trading on the main market, with admission expected to become effective on 31 July 2026. The shares will be issued under the company&...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Reshapes Board Committees to Strengthen Governance
Positive
Jul 28, 2026
Wizz Air Holdings has updated the composition of its Board committees, signalling a refreshed governance structure to oversee key aspects of the business. Non-executive director Stephen L. Johnson has been appointed Chair of the Financial Performa...
Regulatory Filings and Compliance
Wizz Air Discloses Share Sale by Group Managing Director
Neutral
Jul 21, 2026
Wizz Air Holdings has disclosed a share transaction by Group Managing Director Michael Delehant, in line with U.K. market abuse regulation requirements. Delehant exercised options and sold 16,628 ordinary shares at £10.73 each, for a total co...
Regulatory Filings and Compliance
Wizz Air Discloses Share Sale by Managing Director Mauro Peneda
Neutral
Jul 21, 2026
Wizz Air has disclosed a share transaction involving Managing Director Mauro Peneda, in line with UK Market Abuse Regulation reporting requirements. Peneda disposed of 1,574 ordinary shares of Wizz Air at a price of £10.73 per share on 20 Jul...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Reshapes Leadership Structure After Managing Director Exit
Neutral
Jul 21, 2026
Wizz Air Holdings PLC has announced that Group Managing Director Michael Delehant will leave the company on 31 July 2026 to pursue opportunities outside the organisation. In response, the airline is simplifying its senior reporting lines, with the...
Executive/Board ChangesRegulatory Filings and Compliance
Wizz Air Pays Non-Executive Directors with Share Awards for Q2 Fees
Positive
Jul 15, 2026
Wizz Air Holdings Plc has granted partial payment of director fees in the form of 2,452 ordinary shares to two serving non-executive board members, Phit Lian Chong and Stephen Johnson, and to former non-executive director Andrew S. Broderick for t...
Regulatory Filings and Compliance
Wizz Air Discloses Manager’s Sale of Ordinary Shares
Neutral
Jul 14, 2026
Wizz Air Holdings Plc, a European low-cost airline group listed on the London Stock Exchange, operates in the budget aviation segment with a focus on Central and Eastern Europe and other international routes. Its business model targets price-sensi...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Names Jingyuan Sun Chief Technical Officer to Bolster Technical Operations
Positive
Jul 14, 2026
Wizz Air has appointed Jingyuan Sun as Chief Technical Officer, effective 1 October 2026, reporting to Group Managing Director Michael Delehant. Her role will consolidate technical services, engineering, base maintenance, transitions, and technica...
Business Operations and StrategyFinancial Disclosures
Wizz Air Sets Date for First-Quarter Results and Investor Webcast
Neutral
Jul 14, 2026
Wizz Air Holdings said it will publish its unaudited first-quarter results for the three months to 30 June 2026 on 6 August, with the release set for early morning in London and Central European time zones. Management will host a live webcast for ...
Regulatory Filings and Compliance
Wizz Air Corrects Insider Share Transaction Disclosure
Positive
Jul 13, 2026
Wizz Air Holdings Plc has issued an amended disclosure regarding a share transaction by employee and person discharging managerial responsibilities Diarmuid O Conghaile. The company corrected a previously announced exercise-and-sell description, c...
Business Operations and StrategyRegulatory Filings and ComplianceShareholder Meetings
Wizz Air Sets August Date for AGM and Clarifies Voting Rules for Non-Qualifying Shareholders
Neutral
Jul 10, 2026
Wizz Air Holdings has published the notice of its 2026 Annual General Meeting, with the AGM scheduled for 3:45 p.m. CEST on 5 August 2026 at the Crowne Plaza Geneva in Switzerland. Shareholders can access the AGM notice and proxy form via the comp...
Regulatory Filings and Compliance
Wizz Air Discloses Share Sale by Senior Executive Under UK MAR
Neutral
Jul 7, 2026
Wizz Air Holdings has disclosed a share transaction involving Roland Tischner, Managing Director of Wizz Air Hungary, in line with UK market abuse regulations. The transaction concerns the exercise and sale of 3,000 ordinary shares on the London S...
Regulatory Filings and Compliance
Wizz Air Discloses PDMR Share Exercise and Sale on London Market
Neutral
Jul 7, 2026
Wizz Air Holdings Plc, a European low-cost airline group listed on the London Stock Exchange, operates a broad network across Central and Eastern Europe and focuses on budget-conscious travelers. Its ordinary shares are denominated in British poun...
Business Operations and StrategyFinancial Disclosures
Wizz Air Posts 27% June Traffic Surge and Unveils Starlink In‑Flight Wi‑Fi Plan
Positive
Jul 2, 2026
Wizz Air June traffic rose 27.2% year-on-year to 7.48 million passengers, as capacity climbed 27.5% to 8.14 million seats and load factor eased slightly to 91.9%, pointing to robust demand amid aggressive growth. On a rolling 12‑month basis,...
Regulatory Filings and Compliance
Wizz Air Updates Share Capital and Voting Rights Figures
Neutral
Jul 2, 2026
Wizz Air Holdings PLC confirmed its current share capital structure, stating it has one class of ordinary shares in issue, totalling 103,483,617 shares with no treasury holdings, each carrying one voting right subject to disenfranchisement rules f...
Executive/Board ChangesRegulatory Filings and Compliance
Wizz Air pays part of non-executive director fees in shares
Neutral
Jun 22, 2026
Wizz Air Holdings has partially paid non-executive director fees in equity, granting a total of 7,068 ordinary shares to several board members over the past 12 months under its Omnibus Plan. The shares, issued in multiple tranches at prices around...
Regulatory Filings and Compliance
Wizz Air Discloses Share Option Exercise by Wizz Air Malta Chief
Positive
Jun 19, 2026
Wizz Air disclosed a share transaction involving Mauro Peneda, Managing Director of Wizz Air Malta, who exercised share options and retained the resulting ordinary shares in the company. The transaction, conducted on 17 June 2026 through Computers...
Business Operations and StrategyExecutive/Board Changes
Wizz Air awards 1.4m-share LTIP options to top executives
Neutral
Jun 17, 2026
Wizz Air Holdings has granted long-term incentive awards under its Omnibus Share Plan to a number of senior executives, including Chief Executive Officer Jozsef Varadi and other key members of the management team. The awards, structured as nil-cos...
Regulatory Filings and Compliance
Wizz Air Discloses PDMR Share Option Exercise
Neutral
Jun 17, 2026
Wizz Air Holdings has reported a share transaction involving an employee who is classified as a person discharging managerial responsibilities under market regulations. The transaction underscores the company’s adherence to UK Market Abuse R...
Regulatory Filings and Compliance
Wizz Air Discloses Executive Share Sale Under UK Market Rules
Neutral
Jun 12, 2026
Wizz Air Holdings disclosed a share transaction involving Managing Director of Wizz Air UK, Yvonne Moynihan, in line with UK Market Abuse Regulation requirements. The PDMR exercised and sold 10,232 ordinary shares off-exchange on 11 June 2026 for ...
Business Operations and StrategyExecutive/Board Changes
Wizz Air refreshes board as Indigo Partners executive joins and long-serving director departs
Positive
Jun 12, 2026
Wizz Air Holdings has appointed Brian H. Franke, a principal at aviation-focused private equity firm Indigo Partners, as a non-independent non-executive director effective 16 June 2026, adding extensive airline and aviation technology board experi...
Business Operations and StrategyFinancial Disclosures
Wizz Air Grows Fleet and Revenue but Profits Nearly Vanish Amid Rising Costs
Negative
Jun 11, 2026
Wizz Air reported full-year 2026 results showing continued expansion in capacity and traffic, with its fleet growing to 262 aircraft and passenger numbers hitting a record 69.7 million, but profitability came under pressure as net profit fell to j...
Regulatory Filings and Compliance
Wizz Air Updates Share Allotments for Executive Incentive Plans
Neutral
Jun 3, 2026
Wizz Air Holdings has reported its latest six-month block listing return for shares allocated to executive and leadership incentive schemes. The update covers the period from 1 December 2025 to 31 May 2026 and outlines movements under its Long Ter...
Regulatory Filings and Compliance
Wizz Air Updates Share Capital and Fully Diluted Equity Structure
Neutral
Jun 2, 2026
Wizz Air Holdings has confirmed that it has a single class of ordinary shares in issue, totalling 103,461,185 shares, each carrying one voting right, with no treasury shares outstanding. Certain shareholders classified as Non-Qualifying Nationals ...
Business Operations and StrategyFinancial Disclosures
Wizz Air Traffic Surges 26% in May as Expansion and Tel Aviv Flights Resume
Positive
Jun 2, 2026
Wizz Air reported strong traffic growth in May 2026, carrying 7.13 million passengers, up 26% year-on-year, with capacity rising 25.4% to 7.77 million seats. The airline’s load factor improved to 91.7%, while CO2 emissions per passenger-kilo...
Financial Disclosures
Wizz Air Sets June Date for Full-Year 2026 Results and Investor Briefing
Neutral
May 20, 2026
Wizz Air Holdings Plc, a leading European low-cost and sustainability-focused airline, operates an extensive network of routes across the region and emphasizes efficient, environmentally conscious air travel. The group serves a broad base of price...
Business Operations and StrategyFinancial Disclosures
Wizz Air Signals Break-even Year as It Pivots Capacity and Leverages Fuel-efficient Fleet
Positive
May 12, 2026
Wizz Air said it expects to post a breakeven to slightly positive net profit for the year to 31 March 2026, driven by stronger-than-anticipated revenue and a favourable macroeconomic mix, while ending the period with a solid €2.1bn cash posi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.