**Summary of Wizz Air Holdings PLC Half-Year Results (November 2025)**
Wizz Air Holdings PLC, Europes most emissions-efficient airline, reported its unaudited half-year results for the six months ending September 30, 2025, highlighting positive cost trends and short-term challenges in winter capacity. Key financial and operational highlights include
### **Financial Performance**
**Revenue Growth**Total revenue increased by 9.0% to €3,342.1 million, driven by a 9.8% rise in passengers carried to 36.5 million and an 8.9% increase in ASK capacity.
**Profitability**EBITDA rose by 18.8% to €981.3 million, with an EBITDA margin of 29.4%. Operating profit grew by 25.8% to €439.2 million, and net profit increased by 2.6% to €323.5 million.
**Cost Management**Total CASK (unit cost) decreased by 1.8% to €4.46 cents, with fuel CASK down 10.4% to €1.38 cents due to lower fuel prices. Ex-fuel CASK increased by 2.7% to €3.08 cents.
**Cash Position**Total cash increased by 14.3% to €1,984.8 million, and net debt decreased by 2.5% to €4,832.8 million.
### **Operational Highlights**
**Capacity and Load Factor**ASK capacity grew by 8.9%, with a stable load factor of 92.4%.
**Fleet Expansion**The fleet size increased by 8.5% to 243 aircraft, with 71% being new "neo" technology aircraft.
**Punctuality Improvement**Departure punctuality improved by 11.1 percentage points to 69.3%.
**Strategic Realignment**Wizz Air closed its Abu Dhabi base and initiated the closure of its Vienna base, shifting focus to lower-cost Central and Eastern European markets.
### **Strategic Initiatives**
**Fleet Optimization**Finalized an agreement with Airbus to reschedule aircraft deliveries, deferring 88 deliveries to beyond 2033 and converting 36 A321XLR orders to A321neos, supporting a 10-12% annual seat growth.
**Engine Inspections**Reduced grounded aircraft due to GTF engine inspections from 41 to 35, with expectations to further decrease to 25-30 by FY27.
**Partnerships**Entered a partnership with TravelFusion Limited to expand corporate travel offerings.
### **Outlook**
**Capacity Growth**Expects H2 FY26 capacity to increase by around 10% YoY, with mid-teens growth in seat capacity.
**Revenue and Costs**Anticipates low single-digit declines in RASK (unit revenue) and increases in ex-fuel CASK for H2 FY26, with full-year CASK expected to remain broadly flat.
**Fuel Costs**Fuel CASK is projected to decrease by mid to high single digits in H2 FY26 and high single digits for the full year.
### **ESG and Sustainability**
**Emissions Reduction**Achieved a 12-month rolling CO2 emissions per passenger kilometre of 51.2g, the lowest among peers.
**Employee Initiatives**Introduced a voluntary pension program and paid an all-employee bonus equivalent to a 13th-month salary.
**Awards**Recognized as the Most Sustainable Low-Cost Airline for the fifth consecutive year at the World Finance Sustainability Awards 2025.
### **Management Commentary**
CEO József Váradi emphasized the focus on operational and commercial improvements, strategic base closures, and sustainable capacity growth. He highlighted the optimization of aircraft deliveries to target 10-12% annual capacity growth and the continued investment in stable operations, including spare engines for summer 2026.
### **Conclusion**
Wizz Air demonstrated resilience in H1 FY26 with strong financial performance, strategic fleet and network adjustments, and a commitment to sustainability. Despite short-term challenges, the airline is positioned for sustainable growth, supported by its efficient fleet, cost management, and strategic partnerships.
