Wizz Air Holdings (GB:WIZZ)
LSE:WIZZ
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Wizz Air Holdings
(LSE:WIZZ)
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Rating:55Neutral
Price Target:
1,221.00 p
â–²(17.40% Upside)
Action:Reiterated
Date:06/12/26
The score is held back primarily by weakened recent profitability and a highly leveraged balance sheet, despite strong operating/free cash flow. Technicals are modestly positive in the short term but still below longer-term trend levels. Valuation looks inexpensive on P/E, while the latest earnings call showed improving liquidity and a credible multi-year fleet plan, tempered by near-term unit revenue and cost pressures plus ongoing operational disruption risk.
Positive Factors
Ultra‑low‑cost, single‑fleet model
Wizz’s single‑fleet A320 strategy and ultra‑low‑cost model are durable competitive advantages: they simplify maintenance, crew training and scheduling, support high utilization and low unit costs, and enable consistent ancillary monetization that underpins margins across economic cycles.
Negative Factors
High leverage and balance‑sheet fragility
Very elevated leverage leaves the company vulnerable to cash‑flow shocks and interest costs. For a cyclical airline, limited equity buffer constrains strategic flexibility, increases refinancing and covenant risk, and amplifies downside exposure if operating performance weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Ultra‑low‑cost, single‑fleet model
Wizz’s single‑fleet A320 strategy and ultra‑low‑cost model are durable competitive advantages: they simplify maintenance, crew training and scheduling, support high utilization and low unit costs, and enable consistent ancillary monetization that underpins margins across economic cycles.
Read all positive factors
Wizz Air Holdings (WIZZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£1.23B
Dividend YieldN/A
Average Volume (3M)584.48K
Price to Earnings (P/E)8.0
Beta (1Y)1.49
Revenue Growth10.71%
EPS Growth-101.29%
CountryUK
Employees8,044
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)0.35
Shares Outstanding103,461,180
10 Day Avg. Volume576,976
30 Day Avg. Volume584,477
Financial Highlights & Ratios
PEG Ratio-4.65
Price to Book (P/B)1.08
Price to Sales (P/S)0.18
P/FCF Ratio1.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
£1,040.83Price Target Upside0.08% Upside
Rating ConsensusHold
Number of Analyst Covering7
EPS Forecast (FY)-2.38
Revenue Forecast (FY)£6.70B
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:Jan 29, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Aug 06, 2026
Earnings Call Sentiment Positive
The call presented several material operational and financial improvements: double-digit revenue and passenger growth, EBITDA expansion, stronger liquidity (cash ~€1.98bn), bond repayment, a clearer fleet roadmap and tangible progress on GTF-related groundings. However, management flagged near-term challenges: slight RASK decline (driven by ancillary weakness and shorter stage lengths), elevated maintenance and depreciation from lease returns, modest CASK inflation, and reliance on sale‑and‑leaseback timing. Management provided consistent guidance (breakeven net profit range) and a credible multi-year plan to convert the fleet and restore margins. Overall, positives (growth, cash, margin preservation, fleet strategy) outweigh the transitional cost and revenue pressures, though execution risks remain in the near term.Positive Updates
Strong Top-Line and Passenger Growth
Passengers up ~12% YoY; ASKs up ~11% YoY (11.1%); seats up 13.1% in the quarter; total revenue ~€1.3bn, +10% YoY.
Negative Updates
RASK and Ancillary Pressure
Total RASK down ~0.8% YoY (ticket RASK +0.2%, ancillary RASK declined), with network densification and shorter stage lengths (stage length down ~5% YoY; quarter decline cited as ~1.8%) weighing on unit revenue.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Top-Line and Passenger Growth
Passengers up ~12% YoY; ASKs up ~11% YoY (11.1%); seats up 13.1% in the quarter; total revenue ~€1.3bn, +10% YoY.
Read all positive updates
Company Guidance
Management guided fiscal ’26 capacity up ~10% with load factor and RASK expected broadly flat and total CASK flat to low single‑digit YoY, and said fiscal ’27 will feature high first‑half growth (summer ASK growth ~24% → ~30% seat growth) before moderating toward a medium‑term 10–12% growth rate; Q3 trends included passengers +12%, ASKs +11.1%, seats +13.1%, stage length down (~1.8–5%), ticket RASK +0.2% and total RASK ~−0.8%, revenue ~EUR 1.3bn (+10% YoY), EBITDA +12% with a 13.6% margin, a quarterly loss of EUR 139m (net loss improved to ~EUR 239m y/y), liquidity ~EUR 2.0bn (EUR 1.98bn, +EUR 400m YoY) and cash/LTM revenue ~34% (+5pp) after repaying a EUR 500m bond; fleet/actionable metrics included 33 aircraft grounded vs 40 a year ago, XLR orders cut 47→11 (6 delivered, 5 due in ~8 months), 18 ceo redeliveries this year (19 next year, 16 following), a ~7% fleet CAGR vs ~12% capacity CAGR over four years, and a FY26 net profit guidance around breakeven (EUR −25m to +25m) with management expecting margin improvement into FY27 as the fleet transition completes.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
Positive
1040.00
Price Trends
989.03
Positive
1067.66
Positive
1125.09
Positive
Market Momentum
47.63
Negative
70.23
Negative
91.97
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIZZ, the sentiment is Positive. The current price of 1040 is below the 20-day moving average (MA) of 1052.03, above the 50-day MA of 989.03, and below the 200-day MA of 1125.09, indicating a bullish trend. The MACD of 47.63 indicates Negative momentum. The RSI at 70.23 is Negative, neither overbought nor oversold. The STOCH value of 91.97 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GB:WIZZ.
Wizz Air Holdings Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | £20.56B | 5.07 | 75.17% | 2.07% | 4.84% | 30.33% | |
74 Outperform | £3.85B | 9.27 | 11.57% | 2.37% | 9.93% | 1.93% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
55 Neutral | £1.23B | 8.05 | 30.56% | ― | 10.71% | -101.29% |
* Industrials Sector Average
GB:WIZZ
Wizz Air Holdings
1,191.00
135.00
12.78%
GB:EZJ
EasyJet
509.40
1.79
0.35%
GB:IAG
International Consolidated Airlines
463.10
159.98
52.78%
Wizz Air Holdings Corporate Events
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...
Business Operations and StrategyRegulatory Filings and Compliance
Wizz Air Clarifies Share Capital and Voting Rights Structure
Neutral
May 5, 2026
Wizz Air Holdings has confirmed that as of 30 April 2026 it has a single class of ordinary shares in issue, totalling 103,461,185, with no shares held in treasury and each share generally carrying one voting right. The company also disclosed a the...
Business Operations and StrategyFinancial Disclosures
Wizz Air Posts 22% April Traffic Surge and Expands Italian Operations
Positive
May 5, 2026
Wizz Air reported carrying 6.63 million passengers in April 2026, a 21.9% year-on-year increase, as capacity rose 23.1% to 7.46 million seats and load factor eased slightly to 88.9%. The airline also reduced CO2 emissions per passenger-kilometre v...
Regulatory Filings and Compliance
Wizz Air Updates Share Capital and Voting Rights Structure
Neutral
Apr 2, 2026
Wizz Air Holdings has confirmed that, as of 31 March 2026, it has a single class of ordinary shares in issue, totalling 103,461,185 shares, with no treasury shares, each ordinarily carrying one voting right subject to disenfranchisement rules for ...
Business Operations and StrategyFinancial Disclosures
Wizz Air Lifts March Traffic as It Accelerates Expansion in Italy and CEE
Positive
Apr 2, 2026
Wizz Air reported an 8.4% year-on-year increase in March passengers to 5.51 million, with capacity up 9.1% and load factor nudging slightly lower to 90.0%, indicating resilient demand despite service cuts in the Middle East. The airline also conti...
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.