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Wizz Air announced new information, and the exchange rate has fluctuated

Wizz Air announced new information, and the exchange rate has fluctuated

We will also address similar topics at the 2024 Portfolio Investment Day conference on May 16, which is free to participate in after registration.

The airline confirmed that its net profits could be within the previously indicated range of 350-370 million euros, despite its revenues, which the company previously achieved between 5.0-5.1 billion euros.

Operating costs rose at a slower rate than capacity and, as a result, costs per passenger fell in the closed fiscal year. It started in the current quarter and the beginning of April In fiscal year 2025, capacity may almost stagnant Compared to the previous year's level, which is in line with previous expectations.

Waze Air To increase the level of operating profit, to improve operating cash flow The net loan portfolio is expected to decline in 2025. Management is optimistic about the summer period of 2024, as it witnesses a development in seat usage and ticket prices.

The airline added that it continues its flights to Israel, but is closely monitoring the security situation.

Wizz Air shares rose 5.5 percent in trading this morning.

Cover image source: Shutterstock

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