Wizz Air Holdings Plc (WIZZ) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Well, I thought today would be kind of a heated day for me, but actually this is freezing cold here, so I don't know what it means to this presentation. But if you please move the slide, I just want to kind of give my perspective of what is going on in the business. And to be totally frank, this is good news and bad news, but we are coming up with it today. The bad news is that it's been a rough and tough year for this and more costly than expected. But maybe you appreciate that I've been in this industry for 23 years and this has never happened. So we haven't had any proxies or anything to reference our business to. So we have to kind of learn our base through this process. But the good news is that the year is over. And the context of the business is totally different today than when it was a year ago. So if you look at it, a year ago, we were just about to face the Brett and Whitney GTF issues. Now the peak is behind us. And while this issue will continue to drag, but the impact on the business is going to be less and less. Secondly, we basically lost our ability to grow the business due to the groundings a year ago. But now we are regaining strength again through the supply of new aircraft, and we are back on a growth plus gain. And that's very different. And thirdly, a year ago, we actually were facing quite a hostile competitive environment, a lot of capacity thrown against us. But this time around, actually, we have the capacity to grow and our competitors will be more constrained with regard to their own supply chain issues. So we're seeing that the context of the business has become a lot more favorable for us over this period, and we are in a lot better place right now. So with regard to the report, this is Q3 fiscal 25. Revenue, actually revenue comes acro...