Wizz Air (WIZZ) Q4 2026 earnings summary

Executive summary

• Pre-tax profit reached EUR 27 million, with post-tax profit at break-even or EUR 1.3 million, aligning with guidance.

• EBITDA increased 16% year-over-year to €1.32bn, reflecting positive business momentum.

• Passenger numbers rose 10% to 69.7 million, indicating strong demand.

• Strategic focus remains on core Central and Eastern European markets, network densification, and fleet modernization.

• GTF engine groundings and CEO retirements impacted operations and costs.

Financial highlights

• Revenue grew 8% year-over-year to €5.69bn, driven by 8.5% ASK and 10.5% seat capacity growth; ticket revenue up 8.4%, ancillary revenue up 7.6%.

• EBITDA margin improved by 1.6 points to 23.2%.

• Free cash flow reached nearly EUR 1 billion, up 22% year-over-year, even after a EUR 500 million bond repayment.

• Net debt to EBITDA improved from 4.4x to 3.7x; net debt stable at €4.9bn.

• Fuel unit cost decreased by almost 10% due to lower market prices and increased fleet efficiency.

Outlook and guidance

• Capacity growth for Q1 FY2027 at 15% ASK and 25% seats; Q2 at 20% ASK and high twenties percent seats.

• Q1 RASK expected to be mid-single digit to high down; Q2 RASK expected to be flat; load factors anticipated to remain consistent with last year.

• Cost ex-fuel expected to be flat or slightly up, with most fuel needs hedged (84% of H1 at $826/ton).

• Medium-term growth targeted at 10%-5% annually, with moderated growth from next financial year.

• Summer seat capacity growth projected at +27% year-over-year.