Home Airline News Wizz Air Reports $606 Million FY23 Net Loss But Expects $483 Million FY24 Profit By Charlotte Seet Published Jun 8, 2023 The airline invested heavily to ensure its operating model would be more resilient this year. Photo: Markus Mainka | Shutterstock Wizz Air Abu Dhabi aim to build on a successful 2023 Wizz Air Abu Dhabi have reported a 150 percent rise in passengers this year. The company, a joint venture between Hungary's Wizz Air and Abu Dhabi state holding company ADQ, carried 3 million passengers in 2023, up from 1.2 million in the previous 12 months, Johan Eidhagen, the managing director, told AGBI. Would I buy Wizz Air shares now? Considering these factors, I am not convinced to buy this FTSE 250 stock right now. If its share price was way below its pre-pandemic levels, it would be a The Wizz Air share price has now sunk to less than 2,000p. However, low-cost airlines, particularly Wizz Air, have been utilising their market position to make operational changes that look to Outlook During the pandemic, the airline invested heavily in new aircraft and added new routes in an effort to emerge from the Covid-induced disruption as a market leader, and take advantage of Wizz Air is an ultra-low-cost carrier in CEE, with 137 aircraft (Airbus A320/A321) as of FYE21 and an average fleet age of five years. While a smaller and growing airline in western Europe, Wizz Air is a leader in CEE and takes 21% of the total CEE market, or 46% among low-cost carriers as of FY21. Wizz Air Holdings PLC stock price live 2,179.0, this page displays LON WIZZ stock exchange data. View the WIZZ premarket stock price ahead of the market session or assess the after hours Wizz Air shares are currently up around 40% over the past 12 months. And the Wizz share price is in positive territory compared to pre-pandemic levels, up 23% over the past two years. debt-equity-history-analysis How Healthy Is Wizz Air Holdings' Balance Sheet? We can see from the most recent balance sheet that Wizz Air Holdings had liabilities of €1.37b falling due Analyst Future Growth Forecasts. Earnings vs Savings Rate: WIZZ's forecast earnings growth (28.5% per year) is above the savings rate (1.5%). Earnings vs Market: WIZZ's earnings (28.5% per year) are forecast to grow faster than the UK market (10.3% per year). cUYxB.