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Wizz Air profits rise despite Middle East conflict
Wizz Air achieved an operating profit of €139.7 million for the year ending March 31, surpassing analysts' expectations of €88.5 million, despite a 16.6% decline compared to the previous year. Total revenue increased by 8% to €5.7 billion, with ticket revenue remaining stable at €2.39 cents per seat-kilometer, and occupied seats rising by 10.5%. The results showed a 5.8% increase in costs excluding fuel, while earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 16.2% to €1.32 billion, with the profit margin improving to 23.2%. Despite the positive performance, the company refrained from issuing forecasts for the upcoming year due to the ongoing conflict in the Middle East.
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