Wizz Air Plc (WIZZ.L) Tuesday said in its latest trading update that it expects to report a breakeven to slightly positive net profit for the fiscal year ended March 31, 2026.
The Hungarian low-cost airline said that the improvement in net income from the earlier given outlook was due to stronger underlying revenue figures and the benefits of a well-hedged macroeconomic environment.
Wizz Air said that the current scheduled capacity for the first half of fiscal 2027 stands at approximately 51 million seats, representing a 28 percent rise from last year. Forward bookings currently stand at 44 percent sold.
The company said that to maintain the booking momentum and protect load factors amid ongoing geopolitical uncertainties, it has made use of promotional fares to increase demand during the first half of fiscal 2027.
On the LSE, WIZZ.L ended Monday's trading at 1,013.00 pence, down 0.10 percent.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.