Wizz Air Holdings PLC (BUD:WIZZAIR)
Ft 10340 180 (1.77%) Market Cap: 1.06 Til Enterprise Value: 2.94 Til PE Ratio: 0 PB Ratio: 14.62 GF Score: 64/100
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Half Year 2021 Wizz Air Holdings PLC Earnings Call Transcript

Nov 05, 2020 / 09:00AM GMT
Operator

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to the Wizz Air half year results. (Operator Instructions) Just to remind you, this conference call is being recorded. And do note that this session is earmarked for precisely 1 hour and will end accordingly.

Today, I am pleased to present Mr. József Váradi, CEO of Wizz Air. Please go ahead with your meeting, sir.

József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

¡ -

Good morning, ladies and gentlemen. Welcome to this report. We are reporting first half fiscal '21, which is the period ending March 2021.

I will start by saying that we have been much focused on liquidity. I think as previously stated, we are managing this business for cash and liquidity. And as you can see, we've done quite well with that regard, ending the period with EUR 1.6 billion of cash. And if you look at the relative cash burn, especially compared to the balance of the industry, we've been containing our liquidity very well. We burned EUR 265 million of cash in the first half of our financial year,

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