Wizz Air - Shares approaching their cruising altitude
Today morning, Wizz Air posted a trading update for its Q4/22 and fiscal 2022
ended on 31 March.
The company now expects an operating loss for Q4/22 in the range of EUR 190
– 210mn, so the midpoint is better than our previous estimate of EUR -222mn.
They also guided a reported net loss for fiscal 2022 in the range of EUR 632 -
652 mn, also slightly ahead of our estimate of EUR -648mn.
Wizz Air Holding is a European airline. As of Mar 31 2017, Co. provided more than 500 routes from 28 bases, connecting 141 destinations across 42 countries. Co. has two reportable segments: the airline and the tour operator business units, marketed under the Wizz Air and Wizz Tours brand names, respectively. Wizz Air sells flight tickets and related services to external customers and, to an extent, to Wizz Tours. Wizz Tours sells travel packages to external customers covering the network of Wizz Air.
Concorde Securities Ltd. is Hungary’s leading independent company engaged in investment banking activities. It provides its clients with integrated financial services, including securities trading, research, corporate financing advisory, capital market transactions, wealth management and investment advisory. The operational management of the company is the responsibility of the CEO, while the owners/managers (who control one-third of the company through their shares and options) are in charge of its strategic governance. Concorde Securities Ltd. is a member of the Budapest, Frankfurt, Warsaw and Bucharest stock exchanges, as well as of the Hungarian Association of Investment Service Providers.
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