Member Info for YesIam

I see the ex-WAH NEOs are parked at Katowice. Does anybody know whether these are grounded only for re-registration to EASA or also for the engine inspections?

Two aircraft recently made back to service from storage in the last one month leaving 34 being grounded for engine inspections. So there is some progress on this topic fortunately. Just wondering how long the 4 ex Abu Dzabi NEOs are going to be on the ground. The CEOs are still flying under A6 reg and if I recall they plan was to park those until they can hand them back to lessors.

Lucas, are there any more aircraft to be parked or those will be managed with spare engines?

Aeroflot??? you can't be serious.

This selloff was a reaction to the lack of F26 outlook not the actual F25 figures. There were no real surprises in the results. Investors realized that the turnaround most probably will not come in F26 but at a later stage. P&W issue will not be solved overnight and Trump seems not to be capable to bring peace to Ukraine. Looking at his beef with the Musk most likely he has better things to do anyways:). I am sure the lack of F26 outlook is coming from the uncertainties on the cost not on the revenue. Varadi highlighted several times during the call that they have underestimated the cost of lease returns. Which they plan to have 18 of vs 6 last year.

Taut, I agree.

Anybody has insights on how many of WIZZ aircraft are impacted by the GTF issue? Cca 37 aircraft is on ground, some made back to service already and around 20 are flying with spare engines. How many yet to be inspected? thanks,

There is no A320NEO with rolls royce engines. P&W or CFM

100% sure that the compensation excludes loss of revenue or even aircraft leasing cost. I also doubt that the "compensation package" is a certain amount provided for wizz, but rather a mix of credit, access to spare engines and maybe discount on the additional 340 engines in case WIZZ decides to go with P&W iso CFM. Read my post from 31 Jan 2025. OEMs does not give a s..t about the airlines loss. P&W parent RTX has a line in the F24 report called "powder metal charge" with 0 USD booked on it. That tells a lot. That's aviation

Interesting that by the end of the call the volume reached almost 5 mio shares. Since then it is flat. For me it seems it was rather a panic selloff.

This obviously became a longer play

B777Captain,

Don't be surprised that you will be questioned if you talk about real topics or even challenges ;) It will be taken by few as an offense. It happens with me although I am long in WIZZ and being here to get useful information for my decisions and provide for others. Let them be longs or shorts. I don't mind. Disregard those who can post only "60 GBP by end of week" or the psychopaths posting only about "big fall and big war".

Comparing RYR and WIZZ on micro KPI level is useful but it is not completely apple to apple in my view. Like maintenance CASK or CASM. In one hand it is pure accounting how they book their cost. I'am 100% sure RYR is best in class in cost management. But you manage your cost differently when you lease or own an aircraft. For leased aircraft you might not even book your cost of engine maintenance as "maintenance cost" but rather accrue it or pay as a reserve for the lessor and return the aircraft after 8-10 years. So the cost appears elsewhere in the books. Or heavy maintenance. Wizz is fully outsourced, paid to the provider while RYR does it, or partly does it in house or through joint ventures. Different cost model. Comparing Total CASM is still not apple to apple in my view. At the end what matters is net profit, and growth potential.

When it comes to aircraft type Airbus hit big with the 321Neo and it seems it has better operating economics than the MAX. But we don't know what price RYR gets from Boeing for staying with the 737. We also don't know, despite the seemingly better aircraft type, how long the P&W issue will last for WIZZ. There must be a reason why WIZZ haven't decided yet on the engine type for like 170 AC. Announcement was expected in April but I haven't heard anything so far. I wish they'd chosen CFM for all their NEOs . That GE/Safran technology is just bulletproof. If you really a 777 captain you will know what I mean.

My speculation is that WIZZ has better growth potential especially in the less saturated CEE/ME and Asian market. Also believe the 321NEO was a better choice in general and the worst of the P&W issue is over but the share price is still beaten down. That is my play here. Should the price were 30-40 GBP already with the actual challenges I most likely would be in a Volaris forum ;). Let's see what they tell us tomorrow.

They adjusted net profit guidance was 250-300m with 1,12 EUR/USD and 125 to 175m with 1,05 EUR/USD. Jan-Mar FX average is close to 1,05 so I expect it to be close to the lower end. This is already reflected in the SP in my view. Let's see what their FY2026 projection is. 10% capacity increase for April and May looks impressive despite the groundings. For June it should be even higher since they took delivery of 6 AC in May alone.

First XLR is delivered!

Taut, Wizz is undervalued no doubt. SP should be at least in the 30s in my view. On the other hand I don't think you can compare it with RYR based on market cap. RYR owns most of it's aircraft while WIZZ leases all of them. That's the biggest difference in their business model.

Don't get me wrong. I am long in WIZZ and this is far the largest position I have. So I am not here to thrash this stock. On the other hand I use this forum to get valuable information or see what others think of my concerns. That helps me to plan my next actions. That's the whole point of the forum. If you have any airline experience you will know that all of my points are valid.

Why?

Does anybody know who won the engine tender for the remaining 177 AC? Capacity/fleet plan is still in jeopardy in my view. They expect 197 A321NEO by end of FY26. Currently they have 149. That's 48 deliveries in 11 month. Not gonna happen unfortunately. Return of the grounded fleet also runs slow in my view. They projected 300 days TAT as average but most of the aircraft is grounded for more than a year now. Still see great potential in WIZZ but expect temporary drop in SP once the above becomes obvious for everyone. I see this as potential entry for more shares below 14-15 GBP.

That's price of 150 Aircraft. I am pretty sure it is not pure capex on inresing the capacity of their call center. 100% sure they've calculated aircraft value in this so it sounds better. You can't spend 14 bEUR on pure customer experience.Even if they roll O'Leary's idea out of givin passengers free BJ on board. No way. Wifi retrofit would not cost more than 100 mio for their entire fleet. And they won't do cabin retrofit on brand new aircraft either. Pure marketing

Lucas, which one is to be released?

Authorities have approved Wizz to open direct flights from Hungary, Austria, Italy to India. This makes Wizz the first European LCC to fly to India. Not a bad development.