Aug 01, 2024 / 08:30AM GMT
Jozsef Varadi - Wizz Air Holdings PLC - Chief Executive Officer, Executive Director
Good morning, everyone. Thank you for coming and listening. So we are reporting the first quarter of financial year '25. As a matter of fact, I think we are reporting very strong underlying trends, but at the same time those trends have been tainted by certain hiccups affecting the performance of the business from a financial standpoint.
So with regard to profitability, profitability was impacted by two major factors on the negative side. The FX, which is a very volatile movement on the business. Sometimes we gain, sometimes we lose. This time we lost and that was an impact of EUR27 million. This is not a real P&L.
This is more like an overhang from the balance sheet. And secondly, we had a one-off wet lease cost of roughly around EUR40 million, which will not be reoccurring going forward. This is a temporary measure, due to temporary issues, so we will elaborate on those. Actually, unlike some of our competitors, we have experienced a more robust revenue environment, our unit revenue actually was up
Q1 2025 Wizz Air Holdings PLC Earnings Call Transcript
Aug 01, 2024
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