Wizz Air (WIZZ) Q3 2026 earnings summary

Executive summary

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

• Net loss narrowed to €139 million from €241 million year-over-year, with EBITDA up 12.2% to €176 million and margin stable at 13.6%.

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

• Network reshuffling continued, closing Abu Dhabi and Vienna bases, reallocating capacity to Central and Eastern Europe and opening new bases.

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

Financial highlights

• Total revenue reached €1.3 billion, up 10.2% year-over-year.

• EBITDA margin held steady at 13.6% despite business changes.

• Ex-fuel CASK growth was 2.1%, full CASK up 2.3% year-over-year.

• Ancillary RASK declined 2.0%, leading to a total RASK decrease of 0.8%.

• Operating loss increased to €124 million from €76 million year-over-year due to higher depreciation.

Outlook and guidance

• Fiscal 2026 expects around 10% capacity increase, with load factor and RASK flat, and CASK flat to low single-digit growth.

• Net profit guidance for fiscal 2026 is breakeven, in the range of €-25 million to +€25 million.

• Summer '26 capacity to rise 24% YoY in ASKs and 30% in seats; growth to slow to mid-teens in winter 26/27, then target 10-12% annual growth from F28.

• Fiscal 2027 to see high growth in the first half, moderating in the second half, with margin improvement expected.

• Growth in fiscal 2027 and 2028 will be driven by increased productivity and fleet efficiency, not by large fleet expansion.