BofA hikes target for Wizz Air, says low cost base is a 'key advantage'
1st Jun 2020 18:04
(Sharecast News) - Analysts at Bank of America reiterated their 'buy' recommendation for shares of Wizz Air, predicting that its focus on Central and Eastern Europe, together with its competitive cost base, would see it benefit from smaller rivals' demise.
Read moreWizz Air announces four new bases, more than 50 new routes
29th May 2020 12:24
(Sharecast News) - Wizz Air said on Friday that it will open four new bases in July, expanding its network in Italy, Cyprus, Albania and Ukraine and launching more than 50 new routes.
Read moreRyanair and Wizz are best airline shares, Morgan Stanley says
28th May 2020 14:16
(Sharecast News) - Ryanair and Wizz Air are the European airlines that offer investors the best balance between risk and reward with easyJet an attractive bet if demand recovers faster than expected, Morgan Stanley said.
Read moreWizz Air April passenger numbers plunge 98%
5th May 2020 07:17
(Sharecast News) - Low-cost airline Wizz Air said April traffic plunged to almost zero in April as the coronavirus pandemic and government travel bans hammered passenger traffic.
Read moreMorgan Stanley cuts target prices for airlines, says Covid-19 impact may last longer
23rd Apr 2020 12:13
(Sharecast News) - Analysts at Morgan Stanley downgraded their view on Europe's main airlines from 'in line' to 'cautious' after concluding that the impact of the Covid-19 pandemic on the sector was set to last for longer.
Read moreWizz Air eligible for support under Covid financing facility
21st Apr 2020 07:57
(Sharecast News) - Budget airline Wizz Air said on Tuesday that it is eligible for support under the UK Government's Covid Corporate Financing Facility.
Read moreWizz Air to cut 1,000 jobs and reduce pay
14th Apr 2020 08:43
(Sharecast News) - Wizz Air is cutting 1,000 jobs and reducing wages after the Covid-19 crisis caused one-off exceptional losses of up to €80m or the budget airline.
Read moreWizz Air passenger numbers slump 36% in March amid Covid-19
2nd Apr 2020 08:48
(Sharecast News) - Low-cost airline Wizz Air reported a slump in March passenger numbers on Thursday as it took a hit from the coronavirus pandemic.
Read moreCiti warns airlines face punitive government bailouts
25th Mar 2020 11:02
(Sharecast News) - Airlines are heading for tough government bailouts to save them from the coronavirus crisis, Citi analysts said as they recommended buying shares of Ryanair and Wizz Air and put 'sell' ratings on Lufthansa and Air France-KLM.
Read moreWizz Air cannot rule out grounding of entire fleet
23rd Mar 2020 14:19
(Sharecast News) - Low-cost airline Wizz Air said on Monday that the grounding of its entire fleet due to the coronavirus cannot be ruled out.
Read moreCovid-19: IATA says $200bn could be needed to save airlines
19th Mar 2020 10:51
(Sharecast News) - The International Air Transport Association (IATA) said up to $200bn could be needed to save the industry globally and called for governments in Africa and the Middle East to provide emergency support for airlines hit by the Covid-19 crisis.
Read moreWizz Air cancels all flights to and from Poland
16th Mar 2020 07:53
(Sharecast News) - Low-cost Central and Eastern European airline Wizz Air said on Monday that it has suspended all flights to and from Poland until further notice due to travel restrictions imposed by the county in light of the Covid-19 pandemic.
Read moreWizz Air ponders 10% cut to capacity due to coronavirus
4th Mar 2020 07:02
(Sharecast News) - Budget airline Wizz Air said it was considering a 10% cut to capacity in the first quarter of the next fiscal year to counter the impact of the coronavirus having already reduced flights to Italy.
Read moreTuesday broker round-up
3rd Mar 2020 12:46
(Sharecast News) - Huntsworth: Liberum downgrades to hold with a target price of 108p.
Read moreAirlines to take hit but recover after coronavirus - HSBC
3rd Mar 2020 11:43
(Sharecast News) - EasyJet will be the UK airline worst affected by the coronavirus outbreak, HSBC analysts said as they kept their 'buy' ratings on all four London-listed carriers.
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