Post-Close F26 Trading Update
FY26 breakeven to slightly positive net profit; H1 F27 capacity up 28% but forward bookings at 44% sold; Middle East conflict creates near-term uncertainty.
vs expectations: ahead on net profit versus previous guidance
- FY26 net profit breakeven to slightly positive
- Cash position €2.1bn
- H1 F27 scheduled capacity 51 million seats (prior up 28% year-on-year)
- Forward bookings H1 F27 44% sold (prior up 2 percentage points year-on-year)
- Fuel hedge for summer approximately 70% hedged at $720 per metric tonne
- A321neo fleet composition 75% of current fleet, consuming 18% less fuel
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Wizz Air expects to report a breakeven to slightly positive net profit result for the full year ended 31 March 2026.
The net income improvement versus previous guidance resulted from stronger underlying revenue and a well-hedged macroeconomic mix. Wizz ended the financial year with a strong liquidity position, reporting a total cash position of €2.1bn.
Looking forward, the conflict in the Middle East has introduced near-term uncertainty around fuel costs and customer demand. We are approximately 70% hedged for our summer fuel needs, at around $720 per metric tonne, and benefit from a significant fuel burn advantage, with A321neos comprising 75% of our current fleet consuming 18% less fuel relative to the legacy aircraft technology.
Current scheduled capacity for the first half of the year stands at around 51 million seats, up 28% year-on-year. Against this, we see the forward bookings with 44% currently sold, up 2 percentage points year-on-year, reflecting a positive response to the continuing development of our network. This includes adding capacity across our existing markets and opening new operating bases within the Wizz Air European footprint with significant bias towards leisure demand. To maintain this booking momentum and protect load factors amid geopolitical uncertainties, we have strategically utilized promotional fares to stimulate demand during H1 F27.
Jozsef Varadi, Wizz Air's CEO, said:
"While the industry faces the challenges of the conflict in the Middle East, we have proactively pivoted the affected capacity to our core markets and are seeing strong demand trends through the peak summer period across our network.
Wizz Air's financial strength, including cash liquidity, hedge positions and our highly fuel-efficient fleet, continues to underpin our ability to grow our business with structural competitive advantages. As such, while we are mindful of the near-term geopolitical challenges, we remain excited by the growth potential inherent in our core markets and the fact that Wizz Air is well placed to further strengthen its leadership in the faster growing CEE region.''
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