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If Wizz goes down again, you can be sure that Pogo will be back. I think that we've seen the last of him. Pity because I liked being called a Shaman.

Are we going to have a bumper summer with only 10% of our fleet grounded?

Stille, our most regular of regulars, only 40% in.

Yes John, correct but none of us would be on here if this wasn't a great turnaround story.

True. It's at least a 7 year time frame for me, I still enjoy the day to day investment fun though.

Your reasons for being a regular poster here are less clear. I suspect that you're secretly invested, don't want to let the wife know 😉?

John, since you said that it was going down 20% to £7.70, it's gone up 40+%, beating nearly everything on the FTSE. You're not nailing it.

If you're saying sideways, I'll take that to mean up 100%.

IMHO The JPM Analyst has absolutely no understanding of the the European low cost Airline industry. I read his statement the other day, to me, it was a work of fiction to try and justify a bear case.

Well done Stille

I just couldn't resist adding more at below £14.

3 months ago, the beginning of November, I needed a 90% rise to get back to break even.

Now with averaging in and a rising share price, I need another 25% rise.

There can't be that many FTSE250 companies that have had a 46.5% share price rise since the lows of November.

I said "de-facto partners" which is a totally accurate description.

I was referring to this:

"UK

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Wizz Air: JPMorgan stays bearish as Ryanair ramps up competition

Last updated: 16:15 30 Jan 2026 GMT First Published: 16:11 30 Jan 2026 GMT

Written by: Oliver Haill

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Wizz Air Holdings PLC

AIM:WIZZ

Wizz Air Holdings PLC - Wizz Air: JPMorgan stays bearish as Ryanair ramps up competition

Wizz Air Holdings PLC (AIM:WIZZ) impressed investors with solid quarterly results but continues to be viewed in a bearish light by JPMorgan, which cut its forecasts as intensifying competition from Ryanair this summer could put pressure on fares and weigh on profits.

Analyst Conor Dwyer said that while the FTSE 250 airline's revenue per seat held steady this year despite 10% capacity growth, next year’s planned 20% expansion comes at a more challenging time.

Schedule data suggests Ryanair is stepping up growth on Wizz’s key routes, raising the risk of price cuts.

Ryanair’s larger network, lower unit costs and stronger balance sheet all give it an advantage, Dwyer said. Ryanair operates on 16% of Wizz’s network, compared with Wizz’s presence on just 6% of Ryanair’s.

JPMorgan is now forecasting a 1.2% fall in unit revenue for Wizz in the 2027 financial year and has cut its earnings forecast by nearly half compared with consensus, expecting EBIT of €175 million for the year, with flat margins.

While some improvement in Wizz’s costs is expected, lower gains from sale-and-leaseback transactions and reduced engine compensation are likely to offset the benefit.

The bank reiterating a 'sell' rating and 810p price target.

Deutsche Bank, meanwhile, kept a 'hold' rating, and UBS reiterated a 'buy'.

Wizz shares were down 0.8% to 1,424p on Friday, after climbing over 7% on the previous day's results, and continuing the recovery from November's multi-year lows below 1,000p."

I was referring to this article. I would love to hear Yeslam's take on it.

To me it's a complete nonsense. An attempt to generate a non-existent bear case.

This Ryanair competition with Wizz doesn't really exist. Varadi and MOL have probably been the best two Airline CEO's in the World over the last 30 years, certainly if not the World then in Europe. They will not compete head to head on a particular route unless it has sufficient traffic for both Airlines. On top of that, Wizz and Ryanair are de-facto partners. People travelling in Europe these days often connect 2 low cost carrier flights. They come in with Ryanair and they go out with Wizz. Complimenting each other to generate custom.

As we've said many times, the shortage is Aircraft and not passengers. I accept that routes need a short period to be matured in order to be profitable.

If 20% expansion is too fast, Varadi won't expand himself out of business, he'll profitably sell his new A321 to a lessor for lease to another company. Not what we want, but not a big issue.

I feel for this banker at JPMorgan. He's in a trade that he can't get out of without losing his company a lot of money. He thought that Wizz Air was a "Norwegian 2.0". It simply isn't.

I don't see why £30 is off the cards for Christmas 26. We made a €439m operating profit for H1 26. That could easily be €700m for H1 27, given a bumper World Cup and fewer groundings. Call that £600m, add an estimate of break even for H2 27. Then all you need is 5× forward earnings for Christmas.

I think that this just sums up how cheap Wizz currently is.

My worry is that the operating loss increased by 63%.

On a positive note. At least he gave forward guidance, even if only for one quarter.

If it's for the World Cup, and the yields are high, they could even do the North East US without ETOPS. It's just a matter of the Routing.

Stan

They don't need 180 min ETOPS for the North Atlantic. 90 minutes would be enough, I would expect them to get that nearly immediately followed in 3 months by 120 minutes.

Robbren

That's what I tell myself but you can't help your psychology. You want to look and follow your investments. I think that I'm classic long term. I totally believe in Wizz, I don't need the money for at least 8 years and I'll still hold some Wizz when I die.

Half the fun is entering in to discussion.

AK57

My perception is that crime is very low in Saudi Arabia compared to the UK. I fear crime in the UK, I absolutely do not fear it in Saudi.

Dubai has a little more crime but still low. I have lived in this region for 27 years.

I've had my car and my house broken into in the UK. Nothing in the ME.

Stille

I can tell you honestly, nobody would give you any trouble in Saudi Arabia. There's almost no crime and as a Western Woman, you're untouchable.

Stille

I don't know how well you know Saudi Arabia but the progress in that direction over the last 9 years has been phenomenal. You've got crazy female drivers now, as well as crazy male drivers.

D9

You're right to mention ETOPS but Wizz have Aircraft and engines that meet ETOPS specifications. Wizz have a long safety history. It shouldn't be too difficult for them to get 120 minutes approval. It certainly would not be a stopper.

In my company, we still gave 12 first class seats. If we sell all of those at the full price of $40k per seat from the ME to New York, that's enough to make the flight significantly profitable. I recently had Jarred Kushner and his enterage filling our First class.

I said Mecca. Of course the airport is Jeddah.