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Wizz Air Holdings PLC (AIM:WIZZ) faces a slower earnings recovery than the almost "hockey stick" that investors expect, leading RBC Capital Markets to downgrade the budget airline. Moving to an 'underperform' rating from 'sector perform', the investment bank kept its £9 share price target, implying about 20% downside from the last close, arguing that the market is pricing in a much stronger rebound in profits than its forecasts support.
Investors have continued to unwind bearish bets against European airlines over the past month, according to Citi. The bank published fresh positioning data, drawn from its quantitative team, showing how investors are betting on the sector.
Wizz Air Holdings Plc (WZZZY) Q4 2026 Earnings Call Transcript
Wizz Air LON: WIZZ reported a return to pre-tax profitability and said it expects market disruption later in the year to create opportunities for the low-cost carrier, even as it continues to manage engine-related aircraft groundings and a reshaped network.
The low-cost carrier posted a slump in net profit for the year through March and said it wasn't providing guidance for fiscal 2027.
Wizz Air Holdings PLC (AIM:WIZZ) reported a near-collapse in annual profit after aircraft groundings, higher costs and disruption in the Middle East offset record passenger growth. The low-cost airline carried a record 69.7 million passengers in the year to 31 March, up 10% from 63.4 million a year earlier, helping revenue rise 8% to €5.69 billion.
Wizz Air said on Monday that it would offer Elon Musk's Starlink satellite internet across its fleet from next year, becoming the first European ultra-low-cost carrier to do so.
Panmure Liberum has cut its target price for Wizz Air Holdings PLC (AIM:WIZZ) despite the budget airline lifting profit guidance, arguing that the upgrade does little to change a tougher picture for the carrier. The broker reiterated its SELL recommendation and lowered its target to 480p from 525p, compared with Wizz Air's last closing price of 981.5p.
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