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BREAKING: Iran says its negotiating delegation will not return to the Switzerland talks until Trump personally apologizes for his threats today and Israel fully withdraws from southern Lebanon, with Iran's delegation plane already repositioned to Zurich ready to fly back to Tehran, per Al-Mayadeen.

This comes after Trump told Fox shortly before his Truth Social post that if Iran closes the Strait of Hormuz "you won't have a country" and "you won't even make it BACK to your f**king country," as a direct assassination threat against the Iranian delegation.

+3,2%

Tomorrow we should expect around -5% on WIZZ stock price

Sure

The stock's price performance has been terrible.

I doubled my position today to reach the total position I wanted to hold in this stock.

Now there is no choice but to wait for the investment thesis to play out over the next 12–24 months. It will mainly depend on whether the government is bold enough to finally decide to support families in buying their first home. It is incomprehensible that a left-wing government is not taking the initiative in this regard.

Great day, everyone.

Once the agreement is signed, this stock could rise steadily to between 1,200 and 1,350 pence.

I think that’s an easy target to reach.

Good luck to everyone

1.200p is short term target. Quite feasible.

I wish and hope this is the right one.

Wizz Air posted an annual operating profit of €139.7 million for the year ended March 31—well above the €88.51 million analysts expected—boosted by capacity expansion and cost discipline despite disruptions from the Middle East conflict.

Ugly trading day. Once Wizz is hedged +80% at similar prices around end February, it's a matter of time this stock ends up overcoming 2.000p - 2.500p on the other side of the business cycle.

Let's see what happens tomorrow.

GLTA

Platforms like Interactive Brokers (IB) are offering an annualized 6% return for lending out your WIZZ shares to short sellers.

Considering that you receive 50% of the interest they actually charge on the short position (IB keeps the other 50%), this means that IB charges 12% on short positions.

Interest rates have been rising for days; this is likely due to uncertainty ahead of tomorrow’s earnings report.

Oil's price 3% down.

Wizz should be rising with more intensity.

Oil's price 3% down.

Wizz should be rising with more intensity.

Yeah you're right.

Wizz Air CEO József Váradi confirmed in a CNBC interview that the airline has hedged over 80% of its jet fuel needs for fiscal year 2027, securing prices similar to pre-Iran conflict levels. This strategy places Wizz Air on par with competitors regarding fuel protection, mitigating potential margin compression for the latter half of the fiscal year

The most important thing is "securing prices similar to pre-Iran conflict levels"

Thanks for the video

1. Short-Term Protection of Unit Costs (CASK)

- High Q1 Volume Covered: Wizz Air enters the quarter with 86% of its jet fuel needs heavily hedged specifically for Q1.

- Dramatic Cost Discount: Thanks to these contracts, Wizz Air will pay roughly $700 per metric tonne for the vast majority of its fuel during the quarter. Given that the ongoing US-Israel-Iran conflict pushed market spot prices near $1,500 to $1,700 per metric tonne, this high hedge ratio creates a massive operational firewall.

- Protected Ticket Yields: This firewall allows Wizz Air to absorb the regional energy shock without forcing emergency ticket surcharges, keeping its promotional summer pricing intact to capture robust European leisure demand.

2. Upfront Cash Penalties from "Rolling Over" Hedges

- Premium Drag on EBITDA: While the 86% hedge protects current flights, Wizz Air’s policy requires it to buy new rolling hedges 18 months out. Because they only have 55% coverage for the full fiscal year, management has confirmed they are actively purchasing new contracts.

- The Toll of Volatility: Buying hedges while oil prices hover near $95–$110 per barrel is exceptionally expensive. The premium costs associated with securing these future zero-cost collars and swaps will be realized as immediate non-fuel operating expenses, dragging down net profit margins right as the quarter closes

3. Asymmetric Margin Compression vs. Competitors

- The "Unhedged" 14% Exposure: For the roughly 14% of fuel Wizz Air must purchase at spot prices in Q1, the impact is highly severe. Financial models from J.P. Morgan highlight that because of Wizz Air's lower long-term hedging position, a sustained 10% increase in regional jet fuel prices deals an asymmetric 29% to 31% blow to their operating profit compared to only a 3% to 10% hit for competitors like Ryanair or IAG.

- Compounding Geopolitical Costs: This fuel stress hits Q1 earnings alongside the fact that roughly 8% of Wizz Air's network is exposed to Middle Eastern airspace disruptions. Rerouting aircraft away from conflict zones increases flight times, meaning Wizz Air will burn more unhedged spot-price fuel per available seat kilometre (CASK) than originally budgeted.

1. Short-Term Protection of Unit Costs (CASK)

- High Q1 Volume Covered: Wizz Air enters the quarter with 86% of its jet fuel needs heavily hedged specifically for Q1.

- Dramatic Cost Discount: Thanks to these contracts, Wizz Air will pay roughly $700 per metric tonne for the vast majority of its fuel during the quarter. Given that the ongoing US-Israel-Iran conflict pushed market spot prices near $1,500 to $1,700 per metric tonne, this high hedge ratio creates a massive operational firewall.

- Protected Ticket Yields: This firewall allows Wizz Air to absorb the regional energy shock without forcing emergency ticket surcharges, keeping its promotional summer pricing intact to capture robust European leisure demand.

2. Upfront Cash Penalties from "Rolling Over" Hedges

- Premium Drag on EBITDA: While the 86% hedge protects current flights, Wizz Air’s policy requires it to buy new rolling hedges 18 months out. Because they only have 55% coverage for the full fiscal year, management has confirmed they are actively purchasing new contracts.

- The Toll of Volatility: Buying hedges while oil prices hover near $95–$110 per barrel is exceptionally expensive. The premium costs associated with securing these future zero-cost collars and swaps will be realized as immediate non-fuel operating expenses, dragging down net profit margins right as the quarter closes

3. Asymmetric Margin Compression vs. Competitors

- The "Unhedged" 14% Exposure: For the roughly 14% of fuel Wizz Air must purchase at spot prices in Q1, the impact is highly severe. Financial models from J.P. Morgan highlight that because of Wizz Air's lower long-term hedging position, a sustained 10% increase in regional jet fuel prices deals an asymmetric 29% to 31% blow to their operating profit compared to only a 3% to 10% hit for competitors like Ryanair or IAG.

- Compounding Geopolitical Costs: This fuel stress hits Q1 earnings alongside the fact that roughly 8% of Wizz Air's network is exposed to Middle Eastern airspace disruptions. Rerouting aircraft away from conflict zones increases flight times, meaning Wizz Air will burn more unhedged spot-price fuel per available seat kilometre (CASK) than originally budgeted.

Wizz Air currently holds a dual position regarding its jet fuel hedging strategy, boasting strong near-term protection for the summer 2026 season, but carrying the highest exposure to price volatility among major European carriers for the remainder of the financial year.

-- Near-Term Shield (Summer 2026) 70% Fuel Needs Hedged:

Wizz Air has secured 70% of its fuel requirements for the peak summer travel period.Substantial Price Buffer: The airline locked in these hedges at approximately $700 to $720 per metric tonne. With spot market prices hovering closer to $1,500 per tonne due to Middle East geopolitical tensions, this strategy acts as a critical cushion.Stable Consumer Fares: Backed by this short-term security, chief executive József Váradi and company statements confirmed that Wizz Air does not plan to cancel flights or pass fuel costs onto passengers via ticket surcharges this summer.

-- Mid-Term Vulnerability (Fiscal Year 2027)55% Total Coverage:

For the full financial year ending in March 2027 (FY27), Wizz Air’s hedging drops sharply to just 55%. This leaves nearly half of its operational fuel vulnerable to spot market spikes.The "Canary in a Coal Mine": Financial analysts from ⁠Morningstar and industry observers note that a 55% buffer makes Wizz Air the least-hedged low-cost carrier in Europe.

The huge problem is jet fuel price. Wizz has a very weak H2 hedging and this is gonna hurt badly H2 earnings

Sure, weekend oil futures are +2% and tomorrow I expect some kind of retracement on Wizz stock price

The main issue is oil price seems to be higher for longer than expected, and their H2 hedges are so weak.

Https://x.com/fpleitgencnn/status/2062877392423501916?s=61&t=MonBx7HtXj2_pbo2fxnGbg