Overview
Wizz Air, the Hungarian low‑cost carrier, reported an operating profit of €139.7 million for the fiscal year ended 31 March 2026, well above the €88.5 million consensus forecast from analysts (LSEG). The profit represented a 16.6 % decline from the previous year but still beat expectations. Shares gained 2.6 % in early London trading at 07:42 GMT.
Revenue and Earnings
Total revenue increased 8 % year‑on‑year to €5.7 billion, roughly in line with market estimates. Unit revenue fell marginally by 0.4 %, with ticket revenue per available seat kilometre (ASK) remaining flat at €2.39 cents and ancillary revenue per ASK decreasing 0.8 % to €1.92 cents. EBITDA rose 16.2 % to €1.32 billion, lifting the EBITDA margin by 1.6 percentage points to 23.2 %.
Capacity and Utilisation
The airline expanded its capacity, delivering an 8.5 % increase in available seat kilometres and a 10.5 % rise in seats flown, the latter reflecting a strategic shift toward shorter routes.
Cost Profile
Ex‑fuel unit costs grew 5.8 % over the full year, driven by higher depreciation, maintenance, navigation and crew expenses. In the fourth quarter, ex‑fuel unit costs surged 18.1 % year‑on‑year, a spike the company attributed to the absence of a one‑off maintenance cost credit recorded in the prior fiscal year. Fuel unit costs declined 9.6 % to €1.34 cents, helped by softer market prices, partially offset by sustainable aviation fuel mandates and emissions trading costs.
Guidance
Despite the earnings beat, Wizz Air declined to provide guidance for fiscal 2027, citing limited visibility arising from the ongoing Middle East conflict.