Wizz Air Holdings Plc releases its unaudited financial results for the third quarter ended December 31, 2024. The company reports a 1.7% decrease in capacity (ASKs) compared to the same quarter last year, with a record 15.5 million passengers carried and a load factor of 90.3%, up 2.7 percentage points. Total revenue increased by 10.5% to €1,176.8 million, while EBITDA improved significantly to €157.1 million. However, the company also reports an operating loss of €75.9 million and a net loss of €241.1 million for the quarter, impacted by significant foreign exchange losses. The company highlights the complexity of operating with 20% of its fleet grounded due to the GTF engine issue, resulting in higher maintenance and depreciation costs. Wizz Air expects to receive eight new aircraft deliveries and return four leased aircraft in the remainder of the financial year. The company provides guidance for the near-term and forward outlook, including capacity, load factor, revenue, and cost expectations. The company also provides an update on the GTF engine issue and its fleet plans.
| Metric | 2024 | 2023 | Change |
|---|---|---|---|
| Period-end fleet size | 226 | 197 | 14.7% |
| ASKs (million km) | 30,480 | 31,002 | (1.7)% |
| Load factor (%) | 90.3 | 87.6 | 2.7 ppt |
| Passengers carried (million) | 15.5 | 15.1 | 2.6% |
| Total revenue (€ million) | 1,176.8 | 1,064.8 | 10.5% |
| EBITDA (€ million) | 157.1 | 18.7 | 740.0% |
| EBITDA Margin (%) | 13.3 | 1.8 | 11.6 ppt |
| Operating loss for the period (€ million) | (75.9) | (180.4) | (57.9)% |
| Net loss for the period (€ million) | (241.1) | (105.4) | 128.7% |
| RASK (€ cent) | 3.86 | 3.43 | 12.4% |
| Total CASK (€ cent) | 4.25 | 4.10 | 3.6% |
| Fuel CASK (€ cent) | 1.37 | 1.63 | (16.3)% |
| Ex-fuel CASK (€ cent) | 2.88 | 2.47 | 16.8% |
| Total cash (€ million) | 1,599.6 | 1,588.9 | 0.7% |
| Net debt (€ million) | 5,140.8 | 4,790.2 | 7.3% |