Wizz Air operating profit up 28% in 1HFY2016, expects 3Q margins to be ahead of 2014

Wizz Air revenue up 15% - financial highlights for

• Revenue: EUR836.4 million, +15.0% year-on-year;
• • Ancillary: EUR291.8 million, +21.9%;
• Total operating costs: EUR623.7 million, +11.1%;
• • Fuel: EUR229.6 million, +3.8%;
  • Airport, handling and en-route charges: EUR180.8 million, +14.6%;
• Operating profit: EUR212.7 million, +28.3%;
• Net profit: EUR182.1 million, +15.2%;
• Passenger numbers: 10.7 million, +20.4%;
• Load factor: 90.7%, +1.6 ppt;
• Yield: EUR 5.12 cents, -3.7%;
• Revenue per ASK: EUR 4.64 cents, -1.7%;
• Cost per ASK: EUR 3.46 cents, -5.1%;
• Cost per ASK excl fuel: EUR 2.19 cents, -1.0%;
• Total assets: EUR1227 million;
• Cash and cash equivalents: EUR617.1 million;
• Total liabilities: EUR570.3 million. [more - original PR]

Wizz Air: "For the third quarter (October to December 2015) of the 2016 financial year, Wizz Air expects to grow capacity, in terms of ASKs, by around 19% and anticipates a modest rise in load factor compared to the same period in the prior year. Despite continued downward pressure on unit revenues, both operating margins and underlying net profit margins are expected be modestly ahead of the prior year." Source: Company statement, 04-Nov-2015.