Wizz Air (WIZZ) investor relations material

Executive summary

• Passenger numbers rose 12.5% year-over-year to 17.5 million, with ASK capacity up 11.1% and revenue up 10.2% to just under €1.3 billion.

• Net loss narrowed to €139 million from €241 million year-over-year, a 42% reduction, while EBITDA rose 12.2% to €176 million and EBITDA margin improved to 13.6%.

• Strategic network refocusing included closing Vienna and Abu Dhabi bases, opening new bases in Central and Eastern Europe, and redeploying capacity to stronger markets.

• Cash position strengthened to nearly €2 billion after repaying a €500 million bond.

• Fleet surpassed 250 aircraft, with 73% NEO models and average seat density at 230.

Financial highlights

• ASK up 11.1% and seat capacity up 13.1% year-over-year, with load factor slightly down by 0.5pp to 89.8%.

• Total RASK declined 0.8% to €3.83 cents, with ticket RASK up 0.2% and ancillary RASK down 2.0%.

• Total CASK rose 2.3% to €4.35 cents; ex-fuel CASK up 2.1%, mainly from higher depreciation, airport, and en-route charges.

• Staff costs rose 11.9% to €158.3 million, fuel expenses up 14% to €475.1 million, and maintenance costs up 18% to €124.4 million year-over-year.

• Free cash flow was flat; liquidity ratio rose to 34% of last twelve months' revenue.

Outlook and guidance

• Fiscal 2026 full-year outlook: ~10% ASK capacity increase, seats up 11–12%, flat load factor, flat RASK, and CASK flat to low single-digit increase.

• Net profit guidance for fiscal 2026: €-25 million to +€25 million.

• Summer capacity growth expected at 24% ASK and 30% seat growth; growth to slow to mid-teens in winter 26/27, then target 10–12% annual growth from F28.

• Load factor for F26 forecasted flat year-over-year, finishing above 91%.

• RASK expected flat year-over-year; total CASK flat to low single-digit increase, ex-fuel CASK up mid-single digits, fuel CASK down mid-to-high single digits.