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 2022 Wizz Air Holdings PLC Earnings Call Transcript

Jul 28, 2021 / 08:00AM GMT
Release Date Price: $67 (+1.44%)
József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

¡ -

Good morning, everyone. Thank you for joining this earnings call. So I'm actually pleased to present that we are reporting a fairly strong quarter relative to circumstances.

We have been progressively recovering capacity during this quarter and beyond, in the current quarter as well. And it's been based on a very agile movement in the marketplace. And I think we have been displaying that level of agility since the breakout of COVID-19, whether it is ramping up capacity or winding down capacity depending on the circumstances. I mean clearly, we are seeing a better marketplace with regard to the regulatory framework going into peak summer, and we are trying to take advantage of that through the progressive ramp-up.

With regard to liquidity, this is the first quarter that ended up cash flow positive. That's a major milestone to hit. I think that kind of differentiates us from most of the industry in that regard. We closed the quarter with EUR 1.7 billion of cash. So it was a strong cash performance. I

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