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    EZJ   GB00B7KR2P84

EASYJET PLC

(EZJ)
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Delayed London Stock Exchange  -  11:35 2022-08-08 am EDT
405.20 GBX   +1.33%
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Wizz Air raises forecast on strong summer demand

09/29/2015 | 04:51am EDT
The new design of Wizz Air's aircraft is presented on the tarmac at Budapest Airport

(Reuters) - Low-cost airline operator Wizz Air Holdings Plc raised its profit forecast for the year, citing strong performance during the European summer and an expanded network.

The airline operator, however, cautioned on lower unit revenues continuing through the second half of the year ending March 2016, as lower fuel prices led to reduced air fares.

The company joins peers easyJet and Ryanair Holdings in raising forecasts as airlines capitalise on record demand for beach holidays across Europe and lower oil prices.

Wizz Air now expects a net profit of 190 million to 200 million euros ($213.8 million-$225.1 million), excluding items, in the 2016 financial year.

The company earlier expected a net profit of 175 million to 185 million euros for the year.

Wizz Air, which operates in Central and eastern Europe, said it had "very limited visibility" for demand in the fourth quarter of the year.

Wizz Air shares rose 2.4 percent to 1937 pence on Tuesday, and were the biggest gainers on the FTSE 350 travel and leisure index, which was down 0.62 percent.

(Reporting by Abhiram Nandakumar in Bengaluru; Editing by Gopakumar Warrier)

Stocks treated in this article : Ryanair Holdings plc, easyJet plc, Wizz Air Holdings PLC

© Reuters 2015
Stocks mentioned in the article
ChangeLast1st jan.
EASYJET PLC 1.33% 405.2 Delayed Quote.-28.08%
FTSE UK 350(GBP) -0.17% 4168.67 Delayed Quote.-1.94%
RYANAIR HOLDINGS PLC 0.16% 12.65 Real-time Quote.-17.18%
WIZZ AIR HOLDINGS PLC 3.43% 2260 Delayed Quote.-47.83%
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Financials
Sales 2022 5 660 M 6 818 M 6 818 M
Net income 2022 -96,5 M -116 M -116 M
Net Debt 2022 768 M 925 M 925 M
P/E ratio 2022 -24,3x
Yield 2022 0,08%
Capitalization 3 063 M 3 710 M 3 689 M
EV / Sales 2022 0,68x
EV / Sales 2023 0,47x
Nbr of Employees 13 000
Free-Float 84,1%
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Mean consensus BUY
Number of Analysts 19
Last Close Price 399,90 GBX
Average target price 606,89 GBX
Spread / Average Target 51,8%
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Managers and Directors
Johan Peter Lundgren Chief Executive Officer & Director
Kenton Jarvis Chief Financial Officer & Director
Stephen Alan Michael Hester Chairman
Stuart Birrell Chief Data & Information Officer
David Morgan Chief Operating Officer
Sector and Competitors
1st jan.Capi. (M$)
EASYJET PLC-28.08%3 641
SINGAPORE AIRLINES LIMITED8.62%25 285
DELTA AIR LINES, INC.-15.71%21 024
AIR CHINA LIMITED13.97%17 718
RYANAIR HOLDINGS PLC-17.18%14 562
CHINA SOUTHERN AIRLINES COMPANY LIMITED-9.42%13 962