Wizz Air Holdings Plc (WIZZ) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

In a moment I'll hand over to Joseph Faraday and Jan Malin. There will be a full presentation followed by Q&A where we'll start with questions in the room and then move on to the webcast. With that I'll hand over to Joseph. Thank you. Good morning everyone. Thank you for coming. So this is our Q3 results. I would just like to set up the stage for the discussion today. Could you please move the slide? Yes. So we are up on passenger numbers by good 12%. On the back of capacity, increased ASK terms, 11%, slightly lower risk than last year. But I think this is pretty much in line with what we guided to the market. EBITDA is up 12%. And our cash improved to 2 billion euros. Important to note that In the meantime, we have actually repaid the 500 billion outstanding bond. Net loss was improved to 139 million by around 100 million versus past year. So we think that these results are consistent with what we have told the market we would deliver. So no surprise. So with that regard, this is a fairly benign report this time around. If you kind of dig into some of the attributes and driving factors, revenue growth came out as a good 10%. Please take note of the fact that our stage strength is down. by about 5%, so obviously this is somewhat affecting unit revenue performance. GTF engine recovery continues to unfold, so we are now grounding 33 aircraft versus 40 a year ago. As you know, the plan is to uplift the aircraft completely by the end of calendar year 2027, and I think we are on track on that. Sadly, it is strengthened to 2 billion, of which we repay the 500 million outstanding bond. As in the other market speculations, what would happen to that bond, extended or not, but it is behind us now. The network reshuffling has been continued. As you know, Abu Dhabi got closed a ...