Wizz Air raised to HOLD, TP GBP 51.5 - Taking off again
Solid operating environment currently, likely to reach pre-crisis levels in AugustLong term target of 500 planes by 2030 (currently 137), raising 2025-2030 RBI estimates
Pricing still under pressure due to overcapacities, ancillaries can compensate
Still not cheap, however if long term growth strategy gets executed according to plan additional upside possible
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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