Member Info for balmus

Maybe not the best day for JPMorgan Asset Management (UK) Ltd

https://shorttracker.co.uk/company/JE00BN574F90/

Look at oil prize and FX rate : today oil down : good and € / $ dollar up : good

There is no change to GTF engine removal projections, with around 40 aircraft forecast to be grounded on average over the full year 2026

https://aerospaceglobalnews.com/news/wizz-air-confident-of-growth-despite-revising-delivery-expectations-downwards/

2. Hedging position

Wizz Air operates under a clear set of treasury policies approved by the Board and supervised by the Audit and

Risk Committee. The hedges under the hedge policy are rolled forward monthly, 18 months out, with coverage

levels over time reaching indicatively between 85 per cent for the first quarter of the hedging horizon and 35

per cent for the last quarter of the hedging horizon. The hedging policy covers jet fuel and jet fuel-related

EUR/USD exposure. Hedge coverages at 20 January 2025 are as follows:

Fuel hedge coverage

F25 F26 F27

Period covered 3 months 12 months 12 months

Exposure in metric tonnes (‘000) 446 2,178 2,518

Coverage in metric tonnes (‘000) 367 1,221 144

Hedge coverage for the period 82% 56% 6%

Blended weighted average ceiling $838.0 $792.0 $757.0

Blended weighted average floor $745.0 $712.0 $687.0

Foreign exchange hedge coverage

F25 F26 F27

Period covered 3 months 12 months 12 months

Exposure in USD millions 320 1,529 1,705

Coverage in USD millions 246 814 96

Hedge coverage for the period 77% 53% 6%

Weighted average ceiling $1.1170 $1.1291 $1.0933

Weighted average floor $1.0733 $1.0854 $1.0513

Sensitivities

Pre-hedging, a $10 (per metric ton) movement in the price of jet fuel impacts the Q4 F25 fuel costs by $4.5

million.

One cent movement in the EUR/USD exchange rate impacts the Q4 F25 operating expenses by €4.2 million.

https://www.wizzair.com/cms/api/docs/default-source/downloadable-documents/corporate-website-transfer-documents/results-and-presentations/for-website---wizz-air-holding-plc.---q3-report-f25_2024.12.31.-stock-market-report-(final).pdf

With respect to the unrealised Q 3 FX losses. Those are relatedt to leasing contrats and nobody knows the swing of EX rates long term.

...Net foreign exchange loss was €159.5 million in Q3 F25, compared to a gain of €88.1 million in Q3 F24. This significant change was driven by the weakening of the Euro/USD exchange rate, which declined from 1.105 in Q3 F24 to 1.041 at the end of Q3 F25. The unfavorable movement impacted the revaluation of USD-denominated lease liabilities, leading to the loss....

Don't forget fuel costs and jet fuel related FX are hedged.:

.....As of 20 January 2025, using jet fuel zero-cost collars, Wizz Air has a hedge coverage of 82 per cent for its

jet fuel needs for the remainder of F25 at a price of 745/838 $/mT. For F26, the coverage is 56 per cent at

the price of 712/792 $/mT. The jet fuel-related EUR/USD FX coverage stands at 77 per cent for F25 at

1.0733/1.1170, while the coverage for F25 stands at 53 per cent at 1.0854/1.1291rates.....

Wizz Air confident of growth despite revising delivery expectations downwards---https://aerospaceglobalnews.com/news/wizz-air-confident-of-growth-despite-revising-delivery-expectations-downwards/

Wizz Air Holdings Plc: Bernstein maintains its outperform recommendation and reduces the target price from 4000 to GBX 3800---

https://www.marketscreener.com/news/latest/Analysts-recommendations-Wizz-Air-Glencore-J-Sainsbury-Merck-Occidental-Petroleum--48923838/

Wizz Air Holdings (WIZZ:LN) (WZZAF) PT Lowered to GBP14 at JPMorgan

January 31, 2025 3:10 AM EST

Wizz Air Holdings PLC (WZZAF) Q3 2025 Earnings Call Highlights---https://finance.yahoo.com/news/wizz-air-holdings-plc-wzzaf-072635861.html

maybe soon :

.......in terms of the ongoing management of this, important considerations relating to increased access to spare engines and additional engineering shop slots are part of an ongoing tender related to the selection for engines for 177 a321neos. management expects that these negotiations will be concluded by the end of the current quarter......---https://*********************/newsfeed/article/wizz-air-holdings-q3-f25-results-2714049

Why easyJet share price discount is unjustified---https://www.ii.co.uk/analysis-commentary/why-easyjet-share-price-discount-unjustified-ii534220

Can easyJet rocket like the IAG share price?----https://www.fool.co.uk/2025/01/29/can-easyjet-rocket-like-the-iag-share-price/

Wizz Air plans 20% growth but EX-YU markets remain sidelined---

https://www.exyuaviation.com/2025/01/wizz-air-plans-20-growth-but-ex-yu.html

Wizz Air boss likely to miss out on £100m bonus as shares struggle----

The recent performance of Wizz Air’s share price suggests the company’s boss is set to miss out on a £100m bonus payout....

Varadi could pocket £100m of the airline’s shares if the stock hits 120,000p by 2028.----https://www.cityam.com/wizz-air-boss-likely-to-miss-out-on-100m-bouns-as-shares-struggle/

UBS : EASYJET from 8,45 GBP to 8,55 GBP. Buy.

At 12:

https://www.globenewswire.com/news-release/2025/01/23/3014138/0/en/American-Airlines-Reports-Fourth-Quarter-and-Full-Year-2024-Financial-Results.html

AA is reporting and EJ is going down ---https://www.globenewswire.com/news-release/2025/01/23/3014138/0/en/American-Airlines-Reports-Fourth-Quarter-and-Full-Year-2024-Financial-Results.html

Wizz Air Holdings (WIZZ:LN) (WZZAF) PT Raised to GBP17 at Deutsche Bank------https://www.streetinsider.com/Analyst+PT+Change/Wizz+Air+Holdings+%28WIZZ%3ALN%29+%28WZZAF%29+PT+Raised+to+GBP17+at+Deutsche+Bank/24225044.html

RBC Capital analyst Ruairi Cullinane maintained a Buy rating on Wizz Air Holdings (WIZZ – Research Report) yesterday and set a price target of p2,500.00.-----https://markets.businessinsider.com/news/stocks/rbc-capital-remains-a-buy-on-wizz-air-holdings-wizz-1034239145