Wizz Air reports profit growth in 1QFY2016

Wizz Air revenue up 13% - financial highlights for three months ended 30-Jun-2015:

• Revenue: EUR332.5 million, +12.7% year-on-year;
• • Ancillary: EUR126.6 million, +23.9%;
• Total operating costs: EUR297.8 million, +13.6%;
• • Fuel: EUR112.4 million, +10.8%;
  • Airport, handling and en-route charges: EUR84.5 million, +16.8%;
• Operating profit: EUR34.7 million, +5.3%;
• Profit before tax: EUR34.4 million, +11.0%;
• Net profit: EUR32.9 million, +12.5%;
• Passenger numbers: 4.9 million, +20.3%;
• Load factor: 88.8%, +1.3 ppt;
• Yield: EUR 4.45 cents, -5.8%;
• Revenue per ASK: EUR 3.95 cents, -4.0%;
• Cost per ASK excl exceptional items: EUR 3.54 cents, -3.3%;
• Cost per ASK excl fuel and exceptional items: EUR 2.20 cents, -1.8%;
• Average aircraft stage length: 1531 km, -0.9%. [more - original PR]

Wizz Air: "For the second quarter (July to September 2015) of the 2016 financial year, we expect to grow capacity, in terms of ASKs, by around 16% and anticipate 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, 29-Jul-2015.