Q3 2026 Wizz Air Holdings PLC Earnings Call Transcript
Key Points
- Passenger numbers increased by 12%, aligning with market guidance.
- EBITDA rose by 12%, maintaining a stable EBITDA margin of 13.6%.
- Cash reserves improved to €2 billion, with a significant bond repayment completed.
- Network reshuffling and capacity transition to Central and Eastern Europe are underway, enhancing market positions.
- Fleet growth is being managed with a focus on efficiency, utilizing existing capacity for growth rather than excessive new aircraft deliveries.
- Net loss of €139 million, although improved from the previous year, still indicates financial challenges.
- Load factor slightly decreased, attributed to increased seat capacity and larger aircraft.
- Maintenance costs are rising due to event-related expenses and inflationary pressures in the supply chain.
- Depreciation costs are high due to an aging fleet, with 70% of aircraft being over 8 years old.
- Ancillary revenue risk decreased, reflecting a shift in network focus and impacting overall revenue performance.
(technical difficulty) 2026. In a moment I'll hand over to Joseph Veraddi and Jan Mallin. There will be a full presentation followed by a Q&A where we'll start with questions in the room and then move on to the webcast. With that, I'll hand over to Joseph.
Thank you. Good morning, everyone. Thank you for coming. So this is our Q3, results. I would just like to, set up the stage for the discussion today. Could you please move the slide?
Yes, so, We are up on passenger numbers by a good 12% on the backup capacity increase ASK terms 11%, slightly lower risk than last year, but I think this is pretty much in line with what we guided to the to the market.
EBITDA is up 12%.
And our cash improved to â¬2 billion. Important to note that in the meantime we have actually repaid the 500 billion outstanding bond.net loss was improved to 139 million.
By around 100 million versus past year. So we think that these results are consistent with what we
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