Wizz Air Holdings Reports Third Quarter 2023 Earnings
Wizz Air Holdings (LON:WIZZ) Third Quarter 2023 Results
Key Financial Results
Revenue: €911.7m (up 123% from 3Q 2022).
Net income: €38.2m (up from €264.9m loss in 3Q 2022).
Profit margin: 4.2% (up from net loss in 3Q 2022). The move to profitability was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Wizz Air Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 9.0% growth forecast for the Airlines industry in Europe.
Performance of the market in the United Kingdom.
The company's shares are up 4.3% from a week ago.
Be aware that Wizz Air Holdings is showing 3 warning signs in our investment analysis and 1 of those is potentially serious...
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