Wizz Air Holdings PLC (BUD:WIZZAIR)
Ft 10340 180 (1.77%) Market Cap: 1.08 Til Enterprise Value: 2.96 Til PE Ratio: 0 PB Ratio: 14.62 GF Score: 64/100

Q1 2023 Wizz Air Holdings PLC Earnings Call Transcript

Jul 27, 2022 / 08:00AM GMT
Operator

Good day, and thank you for standing by. Welcome to the Wizz Air Q1 Results Webcast. (Operator Instructions) Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, József Váradi. Please go ahead.

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

¡ -

Good morning, everyone. Thank you for coming to this -- for this meeting, and I also welcome everyone online. But this is to report the first quarter of the current financial year. If you could just move the slide, please.

So we delivered 30% more capacity in the first quarter versus pre-pandemic levels. Unit revenue was gradually building up month-on-month. Clearly, it was a difficult quarter overall, taking odd events into account. Let's not forget that, that was the time when the company had to reallocate a significant portion of its capacity, originally designated for serving the Ukrainian and Russian markets across the rest of the network. That took some time to implement it. It was

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