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 2024 Wizz Air Holdings PLC Earnings Call Transcript

Aug 03, 2023 / 08:00AM GMT
Release Date Price: $31.54
József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

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All right. Good morning, everyone. Thank you for coming to this financial report Q1 fiscal '24 for Wizz Air and also welcome everyone on the phone.

So just a few highlights upfront. We delivered EUR 61 million of net profit in the quarter on the back of records traffic over 15 million passengers. Operating profit was roughly around EUR 80 million in this period. And this is a major change versus the financial performance last year, you recall, we were going through a very difficult period that time, but we have been putting actions in place to make sure that we solidified financial performance. And here, you can see the results.

Summer has been going according to plan. It is an improved operating environment, not perfect, but improved, and we are a lot better prepared to deal with consequences of the supply chains shortcoming especially. We have full confidence in delivering the previously provided guidance for the financial year, which is a range of EUR 350 million to EUR 450 million despite some of

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