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Growth will come after 2025 ! Just consolidating with higher margins.
https://simpleflying.com/wizz-air-plans-300-more-planes-2030-airbus/
Never going beyond 35 again ..... sub 22 so nothing special
Having said that the sp is a far cry from the £32 a share in May 2023..... hmm.... a year ago!
Nice!
The CEO is ringing the stock opening on LSE tomorrow as well
Someone has been selling big chunks whole morning.
Just seems odd being a nice round number
Yup all unmatched trades get bundled into a single deal after trading closes. Could be one or many trades in the bundle. Chances are it's many. Putting £5m down after hours and letting the process decide what price you're going to pay would be too risky. IMO at least.
Flak
Uncrossing Trade: During the auction period, there may be a point (or price) at which the best BID and best ASK match and a trade takes place. This trade on the London Stock Exchange (LSE) is known as an Uncrossing Trade. The LSE actually has many types of trade and each one is identified by a letter coding system.
Short term this looks like it will be getting a bounce and I’ll remain in until the shorts close as we hopefully rebound to £30. However my view has changed somewhat from those results. Debt is a real and growing concern for me and it’s not clear to me how they will generate enough profit to reduce this. The risks are too great for me but I’ll stay in for the short term ride
I think you'll find that was just a UT reconcilliation after hours. Same principle applies though but across many purchases rather than just one.
Well theres s quick 259k profit for the 5m buyer
Exactly you just can't tell market teaction.
One ygimg for sure is the 5m purchacee will be anxioud
Net debt1 at the end of 31 March 2024 was €4,790.2 million vs €3,892.8 million at the end of 31 March 2023, while the Company's leverage ratio1 (net debt to EBITDA) decreased from 29.0 at F23 year end to 4.0. Over the same period, liquidity1 reduced to 29.2% per cent from 36.2 per cent
Mmm… not sure how the markets reacts, these days many positive updates went down the drain at opening. Net debt seems high to me, hope for a positive start based on lower inflation prediction
Wizz air Forecast for 2025 is Euro 500- 600 million Game on !
Top end of forcast of 350 to 370 million .
Wizz Air reported a net profit of €365.9 million (F23: loss €535.1 million), returning to a full fiscal year of profitable operations.
SUMMARY OF F24 FINANCIAL RESULTS ▶ Total revenue increased by 30.2 per cent to €5,073.1 million, compared to €3,895.7 million in F23. ▶ Fuel expenses decreased by 5.0 per cent to €1,855.7 million, compared to €1,954.4 million in F23. ▶ Operating expenses (excluding fuel) increased by 15.4 per cent to €2,779.5 million, compared to €2,408.1 million in F23. ▶ EBITDA grew substantially to €1,193.2 million, an increase of €1,058.9 million vs F23. ▶ Operating profit was €437.9 million compared to an operating loss of €466.8 million in F23. ▶ Net financing expenses decreased by 1.1 per cent to €96.8 million, compared to €97.9 million recorded in F23. ▶ Net foreign exchange gain for F24 was €19.4 million, compared to a gain of €16.6 million in F23. ▶ The Company recorded income tax credit of €24.8 million in F24 compared to the €29.5 million credit in F23. ▶ Wizz Air reported a net profit of €365.9 million (F23: loss €535.1 million), returning to a full fiscal year of profitable operations. ▶ At 31 March 2024, the Group held total cash of €1,588.9 million (including cash and cash equivalents of €728.4 million, €751.1 million of short-term cash deposits and €109.4 million of restricted cash), compared to €1,529.0 million in F23. REVENUE AND COST HIGHLIGHTS Total revenue increased driven by increases in capacity and load factor: ▶ Passenger ticket revenue increased by 38.5 per cent to €2,804.2 million. ▶ Ancillary revenue increased by 21.3 per cent to €2,268.9 million. ▶ Total unit revenue increased by 4.6 per cent to €4.17 cents per available seat kilometre (ASK). ▶ Ticket RASK increased by 11.2 per cent to €2.30 cent, reflecting a stronger load factor year-onyear and favourable pricing environment, specifically during the peak periods. ▶ Ancillary RASK decreased by 2.6 per cent to €1.86 cent, mainly driven by the impact of IsraelHamas war, denting demand in markets with high ancillary spend. Total operating expenses increased by 6.3 per cent to €4,635.2 million in F24 from €4,362.5 million in F23: ▶ Total CASK decreased to €3.90 cent in F24 from €4.58 cent in F23. ▶ Ex-fuel CASK decreased by 7.8 per cent to €2.38 cent in F24 from €2.58 cent in F23, reflecting improved aircraft utilization and on-time performance, various savings in navigation and maintenance lines plus the effect of supplier compensation and gains from multiple spare engine financing in the last fiscal quarter (spare engines advanced to support GTF engine inspections). ▶ Fuel CASK decreased by 23.7 per cent to €1.52 cent in F24, driven mainly by lower fuel charges, improved efficiency (expressed in metric tonnes per ASK: -1.6 per cent YoY) and additional benefit from the prospective rebalancing of free EU ETS emission quotas amongst industry players. GTF ENGINE UPDATE As of 17 May 2024, Wizz Air had 47 aircraft on the ground as a result of GTF engine-related matters. The Company is e
WIZZ AIR RETURNS TO PROFIT IN F24; DELIVERS IMPROVED ASSET UTILIZATION AND ON-TIME PERFORMANCE; ENCOURAGING START TO F25 LSE: WIZZ Geneva, 23 May 2024: Wizz Air Holdings Plc (“Wizz Air” or “the Company”) one of the most sustainable European airlines, today announces its unaudited results for the full year ended 31 March 2024 (“F24”). Full year to 31 March 2024 2023 Change Passengers carried 62,015,792 51,071,836 21.4 % Total revenue (€ million) 5,073.1 3,895.7 30.2 % EBITDA (€ million)1 1,193.2 134.3 788.5 % EBITDA Margin (%)1 23.5 3.4 20.1ppt Operating profit/(loss) for the period (€ million)2 437.9 (466.8) n.m. Unrealised foreign currency gain (€ million) 34.2 9.1 275.8 % Profit/(loss) for the period (€ million)2 365.9 (535.1) n.m. RASK (€ cent) 4.17 3.98 4.6 % Fuel CASK (€ cent) 1.52 2.00 (23.7) % Ex-fuel CASK (€ cent) 2.38 2.58 (7.8) % Total cash (€ million)1,3 1,588.9 1,529.0 3.9 % Load factor (%) 90.1 87.8 2.4ppt Period-end fleet size 208 179 16.2 % Period-end seat count (thousand) 68,813 58,190 18.3 % 1 For definition of alternative performance measures presented refer to "Glossary of terms” and “Alternative performance measures (APMS)" sections of this document. These measures incorporate certain non-financial information that management believes is useful when assessing the performance of the Group. 2 n.m.: not meaningful as a variance is more than (-)100 per cent. 3 Total cash comprises cash and cash equivalents (31 March 2024: €728.4 million; 31 March 2023: €1,408.6 million), short-term cash deposits (31 March 2024: €751.1 million; 31 March 2023: nil) and total current and non-current restricted cash (31 March 2024: €109.4 million; 31 March 2023: €120.4 million). HIGHLIGHTS ▶ Wizz Air celebrates 20 years since its first flight, with more than 390 million passengers carried since launch. ▶ ASK capacity 24.5 per cent higher in F24 vs last year. ▶ Record traffic of 62.0 million passengers in F24 (vs 51.1 million last year). ▶ Unit revenue (RASK) up 4.6 per cent year-on-year, with ticket RASK +11.2 per cent and ancillary -2.6 per cent. ▶ Full year revenue impact from Israel and wider region crisis circa €80 million. ▶ Unit cost (CASK) down by 14.8 per cent year-on-year, with fuel CASK -23.7 per cent and ex-fuel -7.8 per cent. ▶ EBITDA up significantly to €1.2 billion, in line with strong pre-pandemic performance. ▶ Total cash balance at €1.59 billion, after repayment of a €500 million EMTN bond. ▶ Significant improvement in operational metrics with operating fleet utilization at 12:25 hours vs 11:08 hours last year and with 65.3 per cent on-time performance, up from 56.2 per cent: ▶ Maturing network with lower share of capacity operated on routes younger than three years (-7 percentage points vs last year). ▶ Navigating GTF engine disruption: 45x aircraft-on-ground at F24-end; 47x as of 17 May 2024; Significant OEM compensation received for
Future is looking good, should see a surge , very undervalued share
Wizz top boss is inline for a fabulous bonus but needs to get the shareprice to £120. Hence the investment
Someone just put in 5 mil after hrs close.
Double bagger where are you? 💩💩💩 Where is he? Who said it? Shame on you!
Full article
https://simpleflying.com/wizz-air-plans-300-more-planes-2030-airbus/
Sounds like a great future for Wizz
Wizz Air plans to more than double its current aircraft portfolio to 500 by 2030-2032, aiming to operate one million flights annually.
The airline's expansion strategy includes adding more Airbus A320 and A321neo jets, with a focus on longer routes and new subsidiaries.
Wizz Air's growth ambitions also involve establishing new base airports, creating new airline companies, and doubling its current workforce.