We will also deal with similar topics at our Portfolio Investment Day 2024 conference on May 16, in which participation is free after registration.
THE AIRLINE EMPHASIZED THAT ITS NET PROFIT COULD BE WITHIN THE PREVIOUSLY INDICATED RANGE OF 350-370 MILLION EUROS, DESPITE ITS REVENUE, WHICH THE COMPANY PREVIOUSLY MADE BETWEEN 5.0-5.1 BILLION EUROS.
Operating costs rose at a slower rate than capacity, and as a result, costs per passenger decreased in the closed financial year. It started in the current quarter and at the beginning of April In fiscal year 2025, capacities may almost stagnate compared to the level of a year earlier, which is in line with previous forecasts.
Wizz Air for the increase of the operating profit level, for the improvement of the operating cash flow and the net loan portfolio is expected to decrease in 2025. The management is optimistic about the summer period of 2024, seeing the development of seat occupancy and ticket prices.
The airline added that they will continue to fly to Israel, but are closely monitoring the security situation.
Wizz Air’s shares rose 5.5 percent in this morning’s trading.
Cover image source: Shutterstock
Tags: Wizz Air announced information exchange rate fluctuated
