Wizz Air’s full-year profit forecast grows
Wizz Air reported net profits of E15.6m (US$17m) for Q3 2015, a drop of 20.9% on the same quarter a year previously. Revenue increased 17.3% to E310m. Particularly noticeable in the latter figure was the rise in ancillary revenues compared to the year-ago period, up 25.8% to E123m; ticket revenues rose 12.4% to E187m. Unit costs, meanwhile, fell by 7.4% to 3.4 euro cents per ASK for the comparative period. Guidance for underlying net profit for the full 2015-16 financial year has risen slightly from the previous range of E190-E200m to E200-E210m. Underlying net profit is defined as reported net profit less the impact of foreign exchange transactions and exceptional items. Passenger numbers for the quarter jumped 23.2% to 4.7m compared to a year previously, while load factor edged up to 85.7% compared to 84.6%. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-01-28/unaligned/wizz-air2019s-full-year-profit-forecast-grows
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Wizz Air’s full-year profit forecast grows
Wizz Air reported net profits of E15.6m (US$17m) for Q3 2015, a drop of 20.9% on the same quarter a year previously. Revenue increased 17.3% to E310m. Particularly noticeable in the latter figure was the rise in ancillary revenues compared to the year-ago period, up 25.8% to E123m; ticket revenues rose 12.4% to E187m. Unit costs, meanwhile, fell by 7.4% to 3.4 euro cents per ASK for the comparative period. Guidance for underlying net profit for the full 2015-16 financial year has risen slightly from the previous range of E190-E200m to E200-E210m. Underlying net profit is defined as reported net profit less the impact of foreign exchange transactions and exceptional items. Passenger numbers for the quarter jumped 23.2% to 4.7m compared to a year previously, while load factor edged up to 85.7% compared to 84.6%. <br/>
