Wizz Air Company News - FY 19/20 profit expectations, update on Covid-19 measures
Wizz Air published a trading statement regarding its FY 19/20 results, announcing that the company expects an adjusted net profit in line with the company's latest guidance range of EUR 350-355m, however due to extraordinary losses in 4Q, which mostly relate to hedging losses for the months March to May 2020 and amount to EUR 70-80 mn, the IFRS net profit will be around EUR 270-280 mn.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.
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