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
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Full Year 2023 Wizz Air Holdings PLC Earnings Call Transcript

Jun 08, 2023 / 08:00AM GMT
Release Date Price: Ft11400 (-5.39%)
József VÃ;radi
Wizz Air Holdings Plc - CEO & Executive Director

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Well, maybe I will just start -- take it from the -- and hopefully, the slide is going to move at some point. So with regard to the performance of fiscal '23, capacity grew by 76% year-on-year, and this is 40% up versus prepandemic levels. You recall, we made a number of investment decisions into growth, London Gatwick [spot] acquisitions, the opening of Wizz Air Abu Dhabi and the expansion in Italy are probably the most important investments we have made, and obviously, you see that through the capacity numbers.

Passenger traffic reached over 51 million passengers. Just to put that in perspective, this is now a bigger number than Lufthansa's passenger number, so we carried more passenger -- passengers than Lufthansa. Of course, we carried more than British Airways and Air France. So that kind of puts us into a different spotlight when it comes to the European airline industry.

Revenue was up 134% year-on-year and 41% versus fiscal '20. Ancillary revenue remained a cornerstone of the revenue

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