Q1 2020 Wizz Air Holdings PLC Earnings Call Transcript
Hello and welcome to the Wizz Air 2020 Q1 Results Result Call. (Operator Instructions) Please note that today's conference call is being recorded.
I would now like to hand over to József Váradi, CEO of Wizz Air. Please begin.
¡ -
Good morning, everyone. Thank you for attending this conference call. So we are reporting Q1 fiscal '20 for Wizz Air. As you can see the presentation, we are reporting very strong set of financial numbers and KPIs for Q1. We are very encouraged also by the summer trading, what we are seeing in front of us with regard to the expected performance on Q2.
And as a result, we decided to up our capacity plan for the balance of the year -- financial year from previously guided 16% to 20% now. So essentially, what we are doing, we are investing incremental profitability into further growth in the business, which I think is beneficial for the company strategically.
Especially, in light of the overall industrial capacity situation
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
