Wizz Air Holdings (GB:WIZZ)
LSE:WIZZ
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Wizz Air Holdings
(LSE:WIZZ)
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Rating:61Neutral
Price Target:
1,031.00 p
â–²(14.30% Upside)
Action:DowngradedDate:03/06/26
The score is held up by improving financial performance (profitability and free-cash-flow recovery) and a supportive low P/E valuation, but is weighed down by weak technicals (price below key moving averages with negative momentum) and ongoing execution risks highlighted on the earnings call (breakeven guidance, unit revenue pressure, and transitional cost headwinds).
Positive Factors
Cash generation recovery
Wizz Air’s shift to positive free cash flow and materially stronger operating cash flow indicates durable cash-generation improvement. That strengthens internal funding for fleet adjustments and working capital, reducing reliance on external funding and supporting multi‑year execution of the low‑cost growth plan.
Negative Factors
High leverage
Sustained high leverage and a low equity ratio constrain strategic optionality and raise refinancing and interest‑rate vulnerability. Even with improved cash, debt burden limits ability to absorb cyclical shocks and increases sensitivity to slower ancillary trends or execution slippage over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation recovery
Wizz Air’s shift to positive free cash flow and materially stronger operating cash flow indicates durable cash-generation improvement. That strengthens internal funding for fleet adjustments and working capital, reducing reliance on external funding and supporting multi‑year execution of the low‑cost growth plan.
Read all positive factors
Wizz Air Holdings (WIZZ) vs. iShares MSCI United Kingdom ETF (EWC)
Market Cap
£933.22M
Dividend YieldN/A
Average Volume (3M)584.48K
Price to Earnings (P/E)1.1
Beta (1Y)1.26
Revenue Growth8.26%
EPS Growth-20.45%
CountryUK
Employees8,044
SectorIndustrials
Sector Strength72
IndustryAirlines, Airports & Air Services
Share Statistics
EPS (TTM)-0.09
Shares Outstanding103,461,180
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
£1,248.18Price Target Upside38.38% Upside
Rating ConsensusHold
Number of Analyst Covering11
EPS Forecast (FY)-0.24
Revenue Forecast (FY)£6.89B
Wizz Air Holdings Business Overview & Revenue Model
Company Description
Wizz Air Holdings Plc, together with its subsidiaries, provides passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East. As of June 08, 2022, it operated a fleet of 154 airc...
How the Company Makes Money
Wizz Air generates revenue primarily through ticket sales, which are offered at competitive prices. The airline's low-cost model allows it to attract a large volume of passengers, contributing significantly to its earnings. In addition to base tic...
Wizz Air Holdings Earnings Call Summary
Earnings Call Date:Jan 29, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Jun 10, 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
65
Positive
Balance Sheet
60
Neutral
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2019 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.92B | 5.27B | 3.90B | 1.66B | 739.00M | 2.76B |
| Gross Profit | 1.12B | 335.10M | -314.90M | -368.60M | -507.20M | 453.60M |
| EBITDA | 1.26B | 1.24B | 171.70M | -105.70M | -143.20M | 767.10M |
| Net Income | 263.47M | 225.80M | -523.00M | -631.80M | -572.10M | 281.10M |
Balance Sheet | ||||||
| Total Assets | 10.15B | 9.64B | 7.03B | 5.36B | 4.72B | 4.36B |
| Cash, Cash Equivalents and Short-Term Investments | 1.90B | 1.66B | 1.41B | 1.22B | 1.45B | 1.31B |
| Total Debt | 6.73B | 6.61B | 5.30B | 3.96B | 3.14B | 2.04B |
| Total Liabilities | 9.46B | 9.32B | 7.39B | 5.09B | 3.82B | 3.12B |
| Stockholders Equity | 700.00M | 366.60M | -331.00M | 279.30M | 907.80M | 1.23B |
Cash Flow | ||||||
| Free Cash Flow | 383.79M | 420.10M | -32.10M | -218.00M | -263.20M | -639.80M |
| Operating Cash Flow | 622.29M | 1.07B | 676.80M | 421.90M | 281.20M | -224.60M |
| Investing Cash Flow | 173.73M | -263.40M | -360.00M | 532.90M | -317.80M | -146.40M |
| Financing Cash Flow | -386.00M | -938.70M | -1.02B | -311.20M | -325.50M | 624.60M |
Wizz Air Holdings Technical Analysis
Negative
902.00
Price Trends
1155.49
Negative
1176.88
Negative
1181.68
Negative
Market Momentum
-73.26
Negative
38.67
Neutral
47.66
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:WIZZ, the sentiment is Negative. The current price of 902 is below the 20-day moving average (MA) of 902.70, below the 50-day MA of 1155.49, and below the 200-day MA of 1181.68, indicating a bearish trend. The MACD of -73.26 indicates Negative momentum. The RSI at 38.67 is Neutral, neither overbought nor oversold. The STOCH value of 47.66 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GB:WIZZ.
Wizz Air Holdings Peers Comparison
UnderperformOutperform
Sector (63)
GB:WIZZ
Wizz Air Holdings
902.00
-518.00
-36.48%
GB:EZJ
EasyJet
360.30
-68.88
-16.05%
GB:IAG
International Consolidated Airlines
367.20
124.59
51.35%
Wizz Air Holdings Corporate Events
Business Operations and StrategyFinancial Disclosures
Middle East Crisis Forces Wizz Air to Cut FY26 Profit Outlook
Negative
Mar 4, 2026
Wizz Air Holdings, the European low-cost airline, has warned that ongoing disruption in the Middle East and related macroeconomic pressures are set to weigh heavily on its current financial year. The group, which serves multiple markets across Eur...
Business Operations and StrategyFinancial Disclosures
Wizz Air Cuts FY26 Profit Outlook on Middle East Disruption
Negative
Mar 4, 2026
Wizz Air warned that ongoing disruption in the Middle East, including the cessation of certain scheduled services to the region, will reduce its fiscal 2026 net profit by around €50m, pushing earnings below its previous guidance range of plu...
Regulatory Filings and Compliance
Wizz Air Updates Issued and Fully Diluted Share Capital Figures
Neutral
Mar 3, 2026
Wizz Air Holdings has confirmed that, as of 27 February 2026, it has one class of ordinary shares in issue, totalling 103,461,185 shares, with no treasury shares, and that each ordinary share carries one voting right subject to existing restrictio...
Business Operations and StrategyFinancial Disclosures
Wizz Air Lifts February Traffic and Expands Italian Footprint With New Palermo Base
Positive
Mar 3, 2026
Wizz Air reported carrying 4.92 million passengers in February 2026, a 6.7% year-on-year increase, as capacity grew 8.3% to 5.44 million seats and load factor eased to 90.5%. The airline also highlighted improved environmental efficiency, cutting ...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Links ESG Executive’s New Share Awards to Relative TSR Performance
Positive
Feb 26, 2026
Wizz Air Holdings has granted long-term incentive plan awards under its Omnibus Share Plan to Corporate and ESG Officer Nora Viktoria Rabe, covering 25,139 ordinary shares in the form of options. The package consists of a 40% performance-based tra...
Regulatory Filings and Compliance
Wizz Air Updates Share Capital and Voting Rights Structure
Neutral
Feb 3, 2026
Wizz Air Holdings has confirmed that as of 31 January 2026 it has a single class of ordinary shares in issue, totalling 103,438,631 shares, with no shares held in treasury and each share carrying one voting right, subject to proportional disenfran...
Business Operations and StrategyFinancial Disclosures
Wizz Air Tops 500 Million Passengers as Network Reaches 1,000 Routes
Positive
Feb 3, 2026
Wizz Air reported carrying 5.35 million passengers in January 2026, up 8.5% year-on-year on a 10.5% increase in capacity to 6.34 million seats, resulting in a slightly lower load factor of 84.4%. The airline surpassed a major milestone of 500 mill...
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Wizz Air Faces Ongoing Shareholder Scrutiny Over Executive Pay After AGM
Negative
Jan 30, 2026
Wizz Air has reported that all resolutions at its 2025 Annual General Meeting were approved, though the Directors’ Remuneration Report received a relatively modest 73% support, reflecting ongoing shareholder concerns over executive pay struc...
Business Operations and StrategyFinancial Disclosures
Wizz Air Grows CEE Footprint and Fleet Despite Higher Losses and Engine Headwinds
Neutral
Jan 29, 2026
Wizz Air reported an 11.1% increase in available seat kilometre capacity and a 12.5% rise in passengers to 17.5 million for the quarter to 31 December 2025, lifting revenue by 10.2% to €1.30bn but still posting a higher operating loss of ...
Financial Disclosures
Wizz Air Sets Date for Release of Q3 F26 Results and Investor Presentation
Neutral
Jan 8, 2026
Wizz Air Holdings has announced that it will publish its unaudited financial results for the third quarter of its 2026 financial year, covering the three months to 31 December 2025, on 29 January, providing investors and analysts with an updated v...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Wizz Air Posts Double-Digit December Growth and Expands Network Ahead of Summer 2026
Positive
Jan 7, 2026
Wizz Air reported strong operating metrics for December 2025, carrying 5.85 million passengers, up 15.5% year-on-year, on a 16.3% increase in capacity to 6.81 million seats, with a load factor of 85.9%. The airline advanced its network densificati...
Business Operations and StrategyFinancial DisclosuresRegulatory Filings and Compliance
Wizz Air Boosts December Traffic and Expands Network Ahead of Summer 2026
Positive
Jan 5, 2026
Wizz Air reported robust traffic figures for December 2025, carrying 5.85 million passengers, a 15.5% year-on-year increase, on capacity up 16.3% to 6.81 million seats, with a load factor of 85.9%. Over the rolling 12 months, capacity and passenge...
Regulatory Filings and Compliance
Wizz Air Updates Market on Share Capital and Voting Rights Structure
Neutral
Jan 2, 2026
Wizz Air Holdings PLC has confirmed its current share capital structure as at 31 December 2025, stating it has a single class of ordinary shares in issue, with 103,423,031 ordinary shares outstanding and no shares held in treasury, each ordinarily...
Business Operations and StrategyExecutive/Board Changes
Wizz Air Creates New Board Committee to Sharpen Financial Oversight
Positive
Dec 31, 2025
Wizz Air Holdings has established a new Financial Performance Committee at Board level, effective 22 December 2025, to strengthen oversight of the company’s operational and financial planning, asset financing, capital structure and performan...
Business Operations and StrategyDelistings and Listing Changes
Wizz Air Applies for Share Listing to Bolster Leadership Initiatives
Positive
Dec 17, 2025
Wizz Air Holdings Plc has announced the application for the listing of 10,000 ordinary shares on the premium segment of the Official List of the Financial Conduct Authority and the main market of the London Stock Exchange. These shares, tied to th...
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.