Wizz Air reports record profit and no signs of Brexit hit
Wizz Air Holdings reported a 28% rise in full-year profit Thursday and said it had seen no signs of demand for flights weakening since Britain voted to leave the EU, helping to send its shares to a record high. Shares in the London-listed airline that focuses on flights to central and eastern Europe jumped as much as 11% to a high of 2,166 pence, with analysts also saying its profit forecast for the current financial year was above consensus. The company has faced increased pressure on pricing since larger low-cost airlines easyJet and Ryanair added more capacity to rival routes, taking advantage of weak oil prices to try to capture market share. Wizz Air said its profit for the 12 months to the end of March rose to a record E246m from E193m a year earlier while revenue climbed 10% to E1.57b.<br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-05-26/unaligned/wizz-air-reports-record-profit-and-no-signs-of-brexit-hit
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Wizz Air reports record profit and no signs of Brexit hit
Wizz Air Holdings reported a 28% rise in full-year profit Thursday and said it had seen no signs of demand for flights weakening since Britain voted to leave the EU, helping to send its shares to a record high. Shares in the London-listed airline that focuses on flights to central and eastern Europe jumped as much as 11% to a high of 2,166 pence, with analysts also saying its profit forecast for the current financial year was above consensus. The company has faced increased pressure on pricing since larger low-cost airlines easyJet and Ryanair added more capacity to rival routes, taking advantage of weak oil prices to try to capture market share. Wizz Air said its profit for the 12 months to the end of March rose to a record E246m from E193m a year earlier while revenue climbed 10% to E1.57b.<br/>
