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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: 1,911.00
Bid: 1,909.00
Ask: 1,912.00
Change: -39.00 (-2.00%)
Spread: 3.00 (0.157%)
Open: 1,948.00
High: 1,955.00
Low: 1,900.00
Prev. Close: 1,950.00
WIZZ Live PriceLast checked at -

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Sunday share tips: Jet2, WizzAir, Bango

Sun, 30th Jul 2023 12:44

(Sharecast News) - The Sunday Times's Lucy Tobin's recommendation to readers was to switch out off Wizz Air and into Jet2.

Aviation was indeed booming and carriers expected to rebuild their margins back to their pre-Covid levels.

But some carriers, such as Wizz Air, were carrying an "awful" lot of debt, 41 new A321neo jets were set to join its balance sheet in 2024 and higher interest rates meant that it's "bubbling" cashflow would not make much of a dent in its debts.

Furthermore, as analysts at Liberum pointed out, its shares were trading at a premium versus rivals.

And the cost of living crisis would impact on the affordability of holidays.

Jet2 on the other reported full-year revenues that were 40% above their pre-pandemic level of £5bn and its load factor hit 90.5%.

It also had a strong balance sheet, decent liquidity and the shares remained below their £19 pre-Covid peak.

Jet2's clientele also tended to be older and with higher incomes than that of straight budget carriers, the company had a "far stronger" reputation and its management was in good hands, said Tobin.

The Financial Mail on Sunday's Midas column recommended shares of Bango, the digital payments and market technology outfit, to readers.

Bango's technology allowed customers to manage their subscriptions, whilst corporate clients found it easier to charge for their goods and could reach a larger number of potential buyers.

Its list of corporate clients included the likes of Amazon, Google, Microsoft, Vodafone, Samsung and America's AT&T.

In 2022, the company processed over £7bn-worth of payments across the globe.

And its addressable market was expected to continue growing.

During the previous year, consumers worldwide spent nearly £210bn on subscriptions and total expenditure was expected to rise past £450bn in the next three years.

"Bango shares are at £1.89, having been at more than £2.50 at the beginning of the year," Midas said.

"The fall reflects wider unease about technology stocks rather than Bango's own growth potential. Supportive brokers believe Bango shares could hit £3.15, as the subscription business expands and the group moves into profit. Buy."

More News
2 Feb 2024 09:27

LONDON BROKER RATINGS: Barclays raises easyJet and Wizz Air

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning:

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2 Feb 2024 08:54

LONDON MARKET OPEN: European stocks lifted on Wall Street's gains

(Alliance News) - Stock prices in London opened higher on Friday, closing of a busy week of monetary policy decisions.

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2 Feb 2024 08:08

TOP NEWS: Ryanair and Wizz Air Passenger numbers rise in January

(Alliance News) - Budget airlines Ryanair Holdings PLC and Wizz Air Holdings PLC on Friday both said passenger traffic increased in January compared to a year before, despite suspended flights to Israel amid the ongoing conflict.

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2 Feb 2024 07:08

Wizz Air January passenger numbers up 14%, but load factor falls

(Sharecast News) - Shares in Wizz Air surged on Friday as the low-cost airline reinstated routes to the Middle East and reported a 14.2% rise in January passenger numbers but load factor fell due to the conflict in Gaza and an increase in one-way traffic.

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26 Jan 2024 09:07

LONDON BROKER RATINGS: Morgan Stanley ups Rightmove; Deutsche cuts IHG

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

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25 Jan 2024 15:13

London close: Stocks turn green after US GDP release

(Sharecast News) - Stocks in London had turned higher by the close on Thursday, as investors digested a better-than-expected GDP reading out of the United States.

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25 Jan 2024 12:25

Aviation industry needs to refocus, says Wizz Air CEO

LONDON, Jan 25 (Reuters) - The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin panel blew off a Boeing 737 MAX 9 Alaska Airlines plane, Wizz Air CEO Jozsef Varadi told Reuters on Thursday.

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25 Jan 2024 12:07

LONDON MARKET MIDDAY: Stocks down before expected ECB hold and US data

(Alliance News) - Stock prices in London were down at midday on Thursday, in tepid trade ahead of an expected interest rate hold from the European Central Bank and a US gross domestic product reading.

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25 Jan 2024 09:30

Wizz Air's Q3 loss swells on MidEast flight disruptions

Q3 operating loss 180 mln euros vs forecast 93 mln euro loss

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25 Jan 2024 09:20

Wizz Air swings to loss amid Israel-Hamas war but sees revenue jump

(Alliance News) - Wizz Air Holdings PLC on Thursday said revenue grew by double-digits in the third quarter of its financial year, but reported that it swung to a loss on higher costs relating to the ongoing Middle East conflict.

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25 Jan 2024 09:17

Aviation industry needs to refocus, says Wizz Air CEO

LONDON, Jan 25 (Reuters) - The airline industry will have to put quality at the forefront and refocus in the wake of an incident where a cabin panel blew off a Boeing 737 MAX 9 Alaska Airlines plane, Wizz Air CEO Jozsef Varadi told Reuters on Thursday.

Read more
25 Jan 2024 08:47

LONDON MARKET OPEN: Stocks drift lower before ECB decision

(Alliance News) - Stock prices in London opened lower on Thursday, amidst uncertainty ahead of the European Central Bank rate call.

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25 Jan 2024 07:41

LONDON BRIEFING: Haleon sells ChapStick; RS reports market weakness

(Alliance News) - Stocks in London are called slightly lower on Thursday, ahead of a central bank decision in the eurozone, and US economic growth data.

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25 Jan 2024 07:33

Wizz Air sees Q3 revenues jump despite cancelled Israel flights

(Sharecast News) - Shares in Wizz Air fell on Thursday after the low-cost airline said it expects capacity - as measured by available seat kilometres (ASK) - to be flat next financial year.

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23 Jan 2024 15:03

Ryanair sees scope to expand further in Italy

Ryanair sees slots freed up by ITA-Lufthansa deal

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