Wizz Air Holdings Plc (WIZZ) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

All right. Good morning, everyone. Thank you for coming. So I would say that last time we gave you a hell of a story, did a lot of details, and you crushed us. This time we're going to give you no story with no details. So I hope you understand what you have to do as a result of that. So let me just, could you please just move the slide? So with regard to Q1, this is the period what we are reporting on. We are seeing positive developments on ROSC improving balance sheet, and we believe that trading is largely in line with market expectations. There have been certain decisions affecting performance, but those are kind of one-off timing-wise, so not structured. But looking at the structural matter, so we are back into growth. So Q1 delivered over 10% passenger growth, This is now significant after a period of standstill given the GTF grounding situation. Look at the financial metrics. EBITDA is up 9.4% year-on-year. ROSC is up 2.2%. The cost performance obviously varies depending on the component you look at. Fuel is down given the macros out there, but exterior cost is up. given some of the specific issues we will be elaborating on. If you look at the quarter itself, obviously April got boosted by Easter, but June got negatively affected by the withdrawal of capacity from Israel. You recall the flare of events between Iran and Israel. We decided to pull capacity. Israel is a strong component of our commercial program in terms of revenue performance as well as profitability. and we reallocated that capacity for summer across our network. Now Israel became consolidated and we are back into flying starting in August, but really by the time this capacity will be full fledged to pre-grounding levels, it's only gonna be mid-September. So there is an affection of that in Q1 ...