Business
RESULTS FOR THE THREE MONTHS TO 31 DECEMBER 2019
RESULTS FOR THE THREE MONTHS TO 31 DECEMBER 2019.
About this update from Wizz Air Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 2176B Wizz Air Holdings PLC 29 January 2020 \n\nWIZZ AIR HOLDINGS PLC - RESULTS FOR THE THREE MONTHS TO 31 DECEMBER 2019 \n \nRECORD Q3 NET PROFIT ON +23% PASSENGER GROWTH UNDERPINNED BY A STRONG COST AND REVENUE PERFORMANCE. FY20 NET PROFIT GUIDANCE RAISED TO BETWEEN €350M AND €355M \n \nLSE: WIZZ\n \nGeneva, 29 January 2020: Wizz Air Holdings Plc (\"Wizz Air\" or \"the Company\"), the largest low-cost airline in Central and Eastern Europe (\"CEE\"), today issues unaudited results for the three months to 31 December 2019 (\"third quarter\" or \"Q3\").\n \n\n\n\nThree months to 31 December\n\n\n2019\n\n\n2018\nIFRS 16\nrestated\n\n\nChange\n\n\n\n\nPassengers carried (million)\n\n\n10.0\n\n\n8.1\n\n\n23.2%\n\n\n\n\nRevenue (€ million)\n\n\n637.3\n\n\n511.3\n\n\n24.6%\n\n\n\n\nEBITDA (€ million)\n\n\n131.6\n\n\n105.1\n\n\n25.2%\n\n\n\n\nEBITDA margin (%)\n\n\n20.6\n\n\n20.6\n\n\n0.1ppt\n\n\n\n\nNet profit/(loss) for the period (€ million)\n\n\n21.4\n\n\n(21.0)\n\n\n42.4\n\n\n\n\nNet profit margin for the period (%)\n\n\n3.4\n\n\n(4.1)\n\n\n7.5ppt\n\n\n\n\nNet profit/(loss) for the period excluding foreign currency loss (€ million)\n\n\n22.6\n\n\n(1.1)\n\n\n23.7\n\n\n\n\nNet profit margin for the period excluding foreign currency loss (%)\n\n\n3.5\n\n\n(0.2)\n\n\n3.8ppt\n\n\n\n\nEx-fuel CASK (€ cent)\n\n\n2.26\n\n\n2.40\n\n\n(5.6%)\n\n\n\n\nCASK (€ cent)\n\n\n3.47\n\n\n3.55\n\n\n(2.1%)\n\n\n\n\nRASK (€ cent)\n\n\n3.60\n\n\n3.54\n\n\n1.9%\n\n\n\n\nCash and cash equivalents (€ million)\n\n\n1,319.9\n\n\n1,093.5\n\n\n20.7%\n\n\n\n\nLoad factor (%)\n\n\n92.5%\n\n\n91.4%\n\n\n1.1ppt\n\n\n\n\nCO2 emissions in grams per passenger/km\n\n\n57.8\n\n\n59.3\n\n\n-2.4%\n\n\n\n \nThe IFRS 16 restatement for 2018 is explained later in this document. \nThe revenue, EBITDA, CASK and profit measures for 2018 in this table are for continuing operations.\n'Net profit/(loss) for the period excluding foreign currency loss' is profit after tax (for continuing operation in case of 2018) excluding the amount of net foreign exchange result in the period.\n \nRECORD Q3 PROFIT AND STRONG BALANCE SHEET\n· Total revenue increased 24.6% to €637.3 million:\no Ticket revenues increased 15.5% to €336.3 million \no Ancillary revenues increased 36.7% to €301.1 ...