- Wizz Air cuts winter capacity by 5 pc
- Fuel hedging covers 80 pc of requirements at half current market price
- Second-quarter RASK forecast upgraded to flat year-on-year
- Medium-term targets include €10 billion revenue by fiscal 2030
Wizz Air has cut winter capacity by 5 pc, joining rivals in scaling back growth plans amid the Iran war, although a stronger-than-expected summer prompted it to raise its near-term revenue outlook. The US-Iran war has triggered the airline industry’s biggest cost shock since the Covid-19 pandemic. Latvian carrier airBaltic became the first European airline to file for bankruptcy earlier this week due to fallout from the conflict.
Wizz is among the better-positioned carriers with liquidity of more than €2.2 billion and fuel hedging covering 80 pc of its requirements over the next 12 months at about half the current market price. Ahead of its capital markets day, the Hungarian airline upgraded its second-quarter forecast for revenue per available seat kilometre to flat year-on-year from a previous forecast for a low single-digit decline. Rival Ryanair also nudged up its outlook for average fares last week.
The airline set out medium-term targets of €10 billion in revenue and a 10 pc margin on earnings before interest and tax by fiscal 2030. It plans to operate a fleet of 335 aircraft and carry 127m passengers a year by that date. Wizz currently operates 269 aircraft and flew 69.7m passengers in fiscal 2026.
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