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Pin to quick picksWizz Air Share News (WIZZ)

Share Price Information for Wizz Air (WIZZ)

London Stock Exchange
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Share Price: 2,240.00
Bid: 2,230.00
Ask: 2,238.00
Change: -10.00 (-0.44%)
Spread: 8.00 (0.359%)
Open: 2,246.00
High: 2,292.00
Low: 2,222.00
Prev. Close: 2,250.00
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Ryanair sees scope to expand further in Italy

Tue, 23rd Jan 2024 15:03

Ryanair sees slots freed up by ITA-Lufthansa deal

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CEO O'Leary rules out M&A moves

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Boeing delivery delays to trim capacity this year

ROME/MILAN, Jan 23 (Reuters) - Ryanair is looking to build on its market-leading position in Italy if more airport slots become available as a result of ITA Airways teaming up with Lufthansa, the budget airline's CEO Michael O'Leary said on Tuesday.

Lufthansa is seeking to acquire a 41% stake in state-owned ITA for 325 million euros ($354 million), but the deal faces an investigation by European Union regulators, and the airlines may need to cede slots to win approval for the combination.

Speaking in Rome, O'Leary said Ryanair believed that slots were likely to be released at Rome's Fiumicino airport and the Malpensa and Linate airports in Milan.

Ryanair was particularly interested in expanding at Fiumicino, the country's busiest airport, he said.

"To the extent that slots are freed up in Linate, we believe easyJet and Wizz (Air) will move aircraft from Malpensa to Linate to take up those slots, and that will create more room for us to grow in Malpensa," he added. "Where ITA isn't growing, Ryanair will grow instead."

Speaking at a later press conference in Milan, O'Leary said Ryanair, Europe's largest airline by passenger numbers, was not planning any M&A deals of its own, as it was easier to grow organically.

BOEING ISSUES

The Ryanair boss also confirmed that the airline was facing a shortfall in Boeing aircraft deliveries this year because of issues that pre-date the current safety alert over some planes.

Ryanair was due to have 57 Boeing MAX 8200 planes delivered by the end of April, but O'Leary said it was now likely to get only 50 by the end of June. The shortfall could cut passenger numbers by around 2 million-3 million this year, he added.

The company has doubled its team of engineers at the Boeing plant in Seattle after safety concerns this month led to the grounding of 171 Boeing 737 MAX 9 planes.

Ryanair is one of Boeing's largest customers, but operates different variants of the 737 MAX from the type that has been grounded.

"Both Boeing and Airbus have more to do to improve the quality of the aircraft they are making, but overall we are very proud to fly the 737, it's a very safe aircraft," O'Leary said during the Rome leg of an Italian visit publicising new routes. ($1 = 0.9184 euros) (Reporting by Angelo Amante and Elisa Anzolin Writing by Keith Weir; Editing by Cristina Carlevaro, Kirsten Donovan and Jan Harvey)

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3 May 2024 08:55

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2 May 2024 09:53

Ryanair air traffic up in April; Wizz Air's load factor dips

(Alliance News) - Ryanair Holdings PLC and Wizz Air Holdings PLC on Thursday released flight figures for the month of April, with both reporting a slight drop in load factor for the month.

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2 May 2024 07:48

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2 May 2024 07:47

Wizz Air April passenger numbers hit by engine recall, early Easter

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25 Apr 2024 10:54

Wizz Air says pricing remains strong as demand for air travel blooms

(Alliance News) - Wizz Air Holdings PLC on Thursday offered reassurance that pricing remained strong and costs constrained as it reiterated full-year guidance.

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25 Apr 2024 09:11

Wizz Air delivers optimistic outlook as summer trading starts well

(Sharecast News) - Budget airline Wizz Air has said that it is "trading positively" into the summer with operating margins expected to improve this year, as it reported that annual profits for the year ended 31 March would be in line with previous guidance.

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19 Apr 2024 16:56

London close: Stocks mixed as investors watch Middle East newsflow

(Sharecast News) - London's stock markets closed in a mixed state on Friday as traders kept a close watch on escalating tensions in the Middle East.

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19 Apr 2024 12:02

LONDON MARKET MIDDAY: Stocks down on Israel attack on Isfahan, Iran

(Alliance News) - Stock prices in London were down at midday on Friday, as equity sentiment suffered by worries of a conflict escalation between Iran and Israel, after Iranian state media reported explosions in the province of Isfahan.

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19 Apr 2024 10:58

Airlines reroute flights after Israeli attack on Iran

Iran temporarily closed airports after attack

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LONDON MARKET OPEN: European stocks slump amid Middle East escalation

(Alliance News) - London's FTSE 100 traded lower in early exchanges, with sentiment hurt by worries of a conflict escalation in the Middle East, after state media in Iran reported explosions.

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14 Apr 2024 15:07

Israel reopens airspace as airlines cancel flights due to Iran attacks

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12 Apr 2024 17:28

FTSE 100 sets near record close as commodity stocks shine

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