Wizz Air Holdings Plc · LSE:WIZZ
Wizz Air — Q1 2026 Earnings Presentation
11 slides from Wizz Air's earnings presentation, Jul 24, 2025
Slide 1: WIZZ AIR HOLDINGS PLC F26 Q1 Results presentation
WIZZ AIR HOLDINGS PLC F26 Q1 Results presentation July 24, 2025 © 2004 - 2025 Wizz Air Group DC1-Internal Data
Slide 2: Overview - mapping the path to profitability through F26
Overview - mapping the path to profitability through F26 Q1 returned to growth with positive RASK Positive on mid-term cost progress and and improving balance sheet, trading in line network focus with expectations ▪ Wizz Air returned to growth with Q1 passenger numbers up ▪ Q2 RASK to date flat, giv
Slide 3: Q1 F26 | Accretive revenue growth
Q1 F26 | Accretive revenue growth Summary data (€m) Q126 Q125 YoY RASK (€ cents) Q126 Q125 YoY Total Revenues 1,428 1,259 13% Ticket 2.47 2.41 2.5% Fuel costs (438) (460) (5%) Ancillary 1.94 1.91 1.6% Non-fuel costs (961) (812) 18% Total RASK 4.41 4.32 2.1% Other income/(expenses) (1.4) 56.9 ASK (bn
Slide 4: Q1 F26 | Costs in line with expectations
Q1 F26 | Costs in line with expectations Cost Summary Q126 Q125 YoY Q126 Q125 YoY Comments cost cost CASK CASK ➢ Maintenance inflation continues to reflect the GTF (€m) (€m) (€ cent) (€ cent) groundings and poor time-on-wing performance Fuel 438 460 (5%) 1.35 1.58 (14%) ➢ The ‘Airport, handling & ro
Slide 5: Q126 | Balance sheet supports ability to refocus our business
Q126 | Balance sheet supports ability to refocus our business Rising liquidity levels despite continuing paying down non-aircraft related debt Gross cash (in € billions) Comments +7% ➢ Q1 net debt down YoY from €4.96bn to €4.71bn 1.96 ➢ Liquidity (Q1 cash over last 12 months’ revenue) at 0.06 36.1%,
Slide 6: Q2 F26 outlook
Q2 F26 outlook Capacity Q2 ASKs up high single digits YoY Load Factor Flat (from >2 ppt YoY previously) Q2 RASK Flat YoY Q2 CASK Fuel CASK: down high-single digits; ex-fuel unit trends expected to improve vs Q1 © 2004 - 2025 Wizz Air Group 5 DC1-Internal Data
Slide 7: Strategy: fly predominantly in benign operating markets where we will win market leadership
Strategy: fly predominantly in benign operating markets where we will win market leadership Exit Abu Dhabi joint venture • Suspension announced – wind up plans underway 1 • Four NEOs to be redeployed as soon as reregistered • Eight CEOs to be parked except for Christmas and holiday peak traffic Iden
Slide 8: Strategy execution now underway with Abu Dhabi suspension
Strategy execution now underway with Abu Dhabi suspension ▪ What changed? Suspended Wizz Air Abu Dhabi route network – Engines degrade faster due to environmental conditions > We knew this going in, but without sufficient engine shop visit capacity and the ability to charge a revenue premium, this b
Slide 9: SUMMARY
SUMMARY Q1 F26 in line - remains impacted by Pratt & Whitney engine issues and Unit cost pressure seen fleet development cycle particularly on depreciation and maintenance Taking action structurally through significant slowing of medium-term growth rate, reducing XLR exposure and exiting Abu Dhabi;
Slide 10: APPENDIX
APPENDIX a a wizzair.com
Slide 11: Hedge program positions
Hedge program positions As of 30 June 2025 FUEL FX EURUSD EU/UK ETS* % of US$ leases covered ** 100% 89.5% 73% 70% 29% 28% F26 F27 F26 F27 F26 F26 12 months Weighted Av. Ceiling $773/MT $729/MT $1.13 $1.14 Weighted Av. Floor $700/MT $661/MT $1.09 $1.10 *Inclusive of free allowances ** portion of net