Wizz Air forecasts net profit of EUR165m-EUR175m in FY2016

Wizz Air reported (27-May-2015) it expects to register a post-tax profit of between EUR165 million and EUR175 million in FY2016. Wizz Air stated: "With the continued expansion of our network, management expects to grow capacity by around 17% in the 2016 financial year. This growth will be broadly split 18% and 16% in H1 and H2, respectively. Management continues to believe that there will be no earnings benefit from the decline in fuel prices as lower fuel prices feed through to lower air fares. Nonetheless, we currently expect a further significant rise in Group post tax profit in the 2016 financial year to a range of between EUR165 million and EUR175 million." Wizz Air added: "So far in 2016 trading has been robust as we progress into the all important summer season for the financial year 2016." [more - original PR]