Business
Q3 Interim Management Statement
Q3 Interim Management Statement.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 0846N Wizz Air Holdings PLC 27 January 2016 \n\nRECORD Q3 PROFITABILITY ON 23% PASSENGER GROWTH, \nFULL YEAR PROFIT GUIDANCE RAISED TO BETWEEN €200M AND €210M\n \nLSE Ticker: WIZZ\n \nGeneva, 27 January 2016: Wizz Air Holdings Plc (\"Wizz Air\" or the \"Company\"), the largest low-cost airline in Central and Eastern Europe, today issues an unaudited interim management statement for the three months to 31 December 2015 (\"third quarter\" or \"Q3\"). \n \n\n\n\n\nThree months to 31 December \n\n\n2015 \n(million)\n\n\n2014 \n(million)\n\n\n \nChange\n\n\n\n\nPassengers carried\n\n\n4.7\n\n\n3.8\n\n\n+23.2%\n\n\n\n\nRevenue (€)\n\n\n310.5\n\n\n264.6\n\n\n+17.3%\n\n\n\n\nReported Net Profit (IFRS) (€)\n\n\n15.6\n\n\n19.7\n\n\n- 20.9%\n\n\n\n\nUnderlying Net Profit (€)*\n\n\n17.2\n\n\n3.6\n\n\n+376.5%\n\n\n\n\nHIGHLIGHTS\n· Total revenue increased 17.3% to €310 million \no Ticket revenue up 12.4% to €187 million \no Ancillary revenue up 25.8% to €123 million \n· Reported net profit under IFRS was €15.6 million, a decrease of 20.9%\n· Underlying net profit was a record €17.2 million, an increase of 376.5%\n· Underlying net profit for the full year is now expected to be in the range of €200 million to €210 million.\nSTRONG OPERATING PERFORMANCE ACROSS KEY METRICS \n· Passengers carried in Q3 up 23.2% to 4.7 million reaffirming Wizz Air's position as the leading low cost carrier in CEE\n· Load factor increased to 85.7% for Q3 versus 84.6% in Q3 2014\n· Total unit costs fell by 7.4% to 3.40 euro cents per ASK** compared to Q3 2014\n· Ancillary revenue per passenger increased 2.1% in the third quarter to €26.1 compared to Q3 2014\n· Current fleet expanded to 65 aircraft with two new deliveries of the larger 230-seat Airbus A321ceo\n· Wizz Discount Club membership was 700,000, year-on-year growth of 22%\n \nSTRONG BALANCE SHEET AND ORDER BOOK TO DRIVE GROWTH \n· Total cash at the end of December 2015 was €684 million, of which €580 million is classified as...