Earnings Alerts

Wizz Air Holdings (WIZZ) Earnings: June Load Factor Drops to 91.7% Despite Capacity Increase

  • In June 2024, Wizz Air’s load factor was 91.7%, a slight decrease from 92.2% in June 2023.
  • Passenger traffic also dipped by 0.2%, with Wizz Air carrying 5.31 million passengers in June 2024 compared to the previous year.
  • Despite these small downturns, capacity operated during June 2024 increased by 0.4% year-over-year.
  • Ongoing issues with GTF engines continue to impact Wizz Air’s operations.
  • Wizz Air expects that Airbus’ revised manufacturing output could affect their fleet schedule in the coming years.
  • Market sentiment on Wizz Air’s stock includes 10 buy ratings, 9 hold ratings, and 4 sell ratings from analysts.

Wizz Air Holdings on Smartkarma

Analyst coverage of Wizz Air Holdings on Smartkarma is buzzing with insights from top independent analysts like Neil Glynn. In his report titled “Wizz Air – Opportunity to Shift Focus from P&L Distortion to Cash Flow Clarity,” Glynn delves into the complexities of Wizz Air’s cash flow dynamics amidst challenges like engine issues and compensation. Despite these hurdles, Glynn highlights a positive momentum in Wizz Air’s FY24 performance, emphasizing the potential for the airline to enhance cash flow transparency and rise above profit and loss distortions.

Glynn further contributes with another report, “Wizz Air – Distortion Continues but Conditions Favourable to Pass Key Summer Test,” where he discusses the underlying earnings of Wizz Air. He sheds light on the impact of GTF compensation from Pratt & Whitney on Wizz Air’s financial outlook, projecting significant earnings improvements for the airline in the absence of capacity growth in FY25. With a focus on managing costs effectively, Wizz Air appears poised to navigate challenges and leverage compensation opportunities, positioning itself well for future success in the airline industry.


A look at Wizz Air Holdings Smart Scores

FactorScoreMagnitude
Value2
Dividend1
Growth5
Resilience2
Momentum2
OVERALL SMART SCORE2.4

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Wizz Air Holdings Plc, a company providing air transportation services primarily in Central and Eastern Europe, shows a promising long-term outlook based on Smartkarma Smart Scores. With a high Growth score of 5, Wizz Air Holdings is anticipated to experience significant expansion opportunities in the future. Despite lower scores in Value, Dividend, Resilience, and Momentum categories, the strong emphasis on growth suggests a positive trajectory for the company.

Investors interested in Wizz Air Holdings may find potential in the company’s growth prospects, leveraging its strategic position in the air transportation sector. While facing challenges in other areas, the company’s robust Growth score indicates a favorable outlook for long-term investment returns. As Wizz Air Holdings continues to focus on expanding its flight and connection programs, it may attract investors seeking opportunities in the Central and Eastern European market.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars