Wizz Air Holdings PLC (OTCPK:WZZAF)
$ 17.113 1.083 (6.76%) Market Cap: 1.90 Bil Enterprise Value: 6.81 Bil PE Ratio: 6.02 PB Ratio: 4.28 GF Score: 70/100
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Q1 2020 Wizz Air Holdings PLC Earnings Call Transcript

Jul 25, 2019 / 08:00AM GMT
Release Date Price: $44.37
Operator

Hello and welcome to the Wizz Air 2020 Q1 Results Result Call. (Operator Instructions) Please note that today's conference call is being recorded.

I would now like to hand over to József Váradi, CEO of Wizz Air. Please begin.

József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

¡ -

Good morning, everyone. Thank you for attending this conference call. So we are reporting Q1 fiscal '20 for Wizz Air. As you can see the presentation, we are reporting very strong set of financial numbers and KPIs for Q1. We are very encouraged also by the summer trading, what we are seeing in front of us with regard to the expected performance on Q2.

And as a result, we decided to up our capacity plan for the balance of the year -- financial year from previously guided 16% to 20% now. So essentially, what we are doing, we are investing incremental profitability into further growth in the business, which I think is beneficial for the company strategically.

Especially, in light of the overall industrial capacity situation

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