Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Wizz Air Holdings Plc    WIZZ   JE00BN574F90

WIZZ AIR HOLDINGS PLC

(WIZZ)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wizz Air : could ground entire fleet if coronavirus crisis deepens

share with twitter share with LinkedIn share with facebook
share via e-mail
03/23/2020 | 10:00am EDT
FILE PHOTO: Wizz Air Airbus 321-231 HA-LXJ aircraft taxis to runway at the Chopin International Airport in Warsaw

Hungary-based Wizz Air warned on Monday that grounding its entire fleet remained a "distinct possibility" as global travel restrictions could make international flying for commercial purposes "untenable or impossible".

Travel and leisure businesses have been among the worst hit by the coronavirus pandemic, with hundreds of billions of dollars in business trips and holidays cancelled as countries impose draconian restrictions to try to curb its spread.

"This situation is posing a significant threat on the aviation industry and we call on governments to take non-discriminatory steps that will benefit all airlines," Chief Executive Officer József Váradi said.

The low-cost carrier said it cut its capacity by 30% in March and grounded 85% of its fleet this week, and also implemented more cost-cutting measures to stem the impact from lower travel demand.

"Wizz Air is confident in its ability to survive even a potential prolonged grounding substantially beyond the current estimates for the impact of COVID-19 in Europe," the company said in a statement.

The carrier said it continues to operate 15% of its capacity and remains operational in Romania, Hungary and Bulgaria, and will resume all flights after travel restrictions are lowered and governments permit commercial operations.

(Reporting by Yadarisa Shabong in Bengaluru, Editing by Sherry Jacob-Phillips)

share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on WIZZ AIR HOLDINGS PLC
05/25WIZZ AIR : Prolongues the suspension of its operations to and from ukraine
AQ
05/25WIZZ AIR : Prolongues the suspension of its operations to and from poland
AQ
05/20WIZZ AIR : Prolongues the suspension of its moldovan routes
AQ
05/20WIZZ AIR : Prolongues the suspension of its operations to and from the republic ..
AQ
05/19INDIGO PARTNERS TIES UP WITH OAKTREE : executive
RE
05/18Finnair sees 'green shoots' as some Asia flights restored - CEO
RE
05/17BGH, Bain, Indigo Partners, Cyrus Capital make Virgin Australia shortlist
RE
05/13TRAVEL LIGHT WITH A MASK : Europe unveils plans to get planes back in sky
RE
05/12Ryanair expects Europe travel surge despite masks, quarantine
RE
05/12Ryanair expects Europe travel surge despite masks, quarantine
RE
More news
Financials (EUR)
Sales 2020 2 780 M
EBIT 2020 405 M
Net income 2020 315 M
Debt 2020 382 M
Yield 2020 -
P/E ratio 2020 13,4x
P/E ratio 2021 -21,0x
EV / Sales2020 1,27x
EV / Sales2021 2,36x
Capitalization 3 155 M
Chart WIZZ AIR HOLDINGS PLC
Duration : Period :
Wizz Air Holdings Plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WIZZ AIR HOLDINGS PLC
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 22
Average target price 43,38 €
Last Close Price 36,93 €
Spread / Highest target 61,7%
Spread / Average Target 17,5%
Spread / Lowest Target -9,84%
EPS Revisions
Managers
NameTitle
József Váradi CEO & Non-Independent Executive Director
William A. Franke Chairman
Diederik Pen Group Chief Operating Officer & Executive VP
Jourik Hooghe Group Chief Financial Officer & Executive VP
Stephen L. Johnson Non-Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
WIZZ AIR HOLDINGS PLC-14.81%3 558
DELTA AIR LINES, INC.-56.14%16 294
RYANAIR HOLDINGS PLC-18.93%14 106
AIR CHINA LIMITED-40.20%11 734
UNITED AIRLINES HOLDINGS, INC.-66.48%8 576
ANA HOLDINGS INC.-26.66%8 473