Wizz Air

Wizz Air is reducing planned capacity for the second half of the financial year by five percent because jet fuel prices have risen sharply following the Iran war. Despite the cut, after a strong summer the company raised its short-term profit forecast and now expects revenue for July to September to be in line with last year, sending the stock up more than three percent. Long term, Wizz Air confirmed targets through 2030: €10 billion in revenue, a 10% operating margin, a fleet of 335 aircraft and 127 million passengers. » More on wiwo.de

Wizz Air CEO Jozsef Varadi sees only limited advantages for Wizz Air from the looming insolvency of airBaltic and expects further European airline bankruptcies due to high fuel prices. Airlines without fuel-price hedges face significant liquidity problems from rising oil prices. Wizz Air has hedged 80% of its fuel needs for the next 12 months at roughly half the market price and is expanding capacity into Italy, Romania and Albania. » More on de.investing.com

Wizz Air reports 103,529,016 issued ordinary shares as at 31 August with a nominal value of £0.0001 and one voting right per share. Since the last review, 13,965 non-forfeitable options have been exercised, mainly from the LTIP programme. Theoretically fully diluted share capital amounts to 127,928,762 shares, including potential new shares from convertible bonds and outstanding employee options. The disclosure was made in accordance with the Disclosure Rules of the UK Financial Conduct Authority and the new shares were admitted to trading under ISIN JE00BN574F90. » More on de.investing.com