Wizz Air Holdings Plc (WIZZ) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to Wizz Air's full year 25 H1 results. In a moment, we'll be handing over to Joseph Faraday and Jan Malin for the presentation, which will be followed by Q&A. This is being broadcast live on a webcast and we will hand over to Q&A in the room first, followed by those listening online. We'll hand over to Joe. Thank you. Good morning, everyone. Thanks for coming and thanks for listening to this. So this is our H1 results for FISPR 25. Would you please move the slide one more? Thank you. So I would like to spend a little time upfront regarding explaining you some of the drivers of the of the business all in. I believe that the ship is turning. and clearly we are entering kind of a better era for the business. I would just still like to remind you the challenges we have been navigating this business through, the war in Ukraine, the Middle Eastern conflict continuously dragging the business, and probably most importantly, the GTF engine groundings. So with regard to the revenue environment, first of all, We are reporting positive unit revenue development in the first half, and probably even more important, we are seeing that revenue strengths continue to unfold going into the second half. Some of it is the base. Same time last year was a fairly weak base. You remember early October, the Israeli conflict broke out, making a significant impact on our business by removing profitable capacity and putting that up after reshuffling to immature capacity. So obviously denting our ability to generate revenue and denting profitability as well. So we're seeing that this positive momentum is actually even getting stronger going into the second half. And I will elaborate on this a little later. Uh, we got to cost, I guess this is the area where we feel the most...