Wizz Air takes off as Goldman Sachs upgrades it to 'buy'
1st Dec 2016 09:00
(ShareCast News) - Goldman Sachs upgraded shares in Hungarian low-cost airline Wizz Air to 'buy' from 'neutral' and raised its price target to 2100p from 1753p. "We see Wizz as very well positioned to continue growing profitably in Central Eastern Europe (CEE) capitalizing on a solid CEE macro envir
Read moreWizz Air reports record profit in first half
9th Nov 2016 08:19
(ShareCast News) - Eastern Europe-focused airline Wizz Air Holdings issued unaudited results for the six months to 30 September on Wednesday, as total revenue increased 10.1% to €921.2m. The FTSE 250 low-cost-carrier said ticket revenues increased 4.1% to €567.2m, while ancillary revenues grew 21.3%
Read moreWizz Air passenger numbers soar as bases expand to 26
3rd Nov 2016 08:48
(ShareCast News) - Wizz Air Holdings, the low cost airline focused on Central and Eastern European, transported 18.2% more passengers in October than the previous month as it extends its reach to more countries. Passenger numbers went up to 2m compared to 1.7m in October last year. Revenue passenger
Read moreBroker tips: IAG, Antofagasta, Ryanair
27th Oct 2016 15:42
(ShareCast News) - Societe Generale downgraded its stance on British Airways and Iberia parent International Consolidated Airlines to 'hold' from 'buy' and cut the price target to 420p from 500p. The bank said that while IAG has built a strong track record over recent years, over-delivering on cost-
Read moreJP Morgan recommends 'overweight' on Ryanair, Wizz Air, but 'underweight' on IAG
27th Oct 2016 09:34
(ShareCast News) - JP Morgan Cazenove on Thursday said Ryanair remains its "top pick" of European airlines as it took a look at the sector. The bank reiterated an 'overweight' rating on the budget airline and lifted its target price to €15.25 from €14.25. Wizz Air is JP Morgan's second choice of ai
Read moreFTSE 250 movers: Petra Diamonds sparkles, while profit-taking continues in Hunting
24th Oct 2016 13:55
(ShareCast News) - Shares in Petra Diamonds shined bright at the start of the week as the outfit reported what one analyst described as first quarter results which were "very much in-line" with expectations. Significantly, the company said it was still on track to turn cash-flow positive in the firs
Read moreBroker tips: Crest Nicholson, IAG, Wizz Air
19th Oct 2016 11:58
(ShareCast News) - Crest Nicholson got a boost on Wednesday as Barclays said the stock was its 'top pick', replacing Redrow, following a period of share price underperformance that has left it looking "highly attractive". In a note on the UK housebuilding sector, the bank said that aside from a brie
Read moreWizz Air flies higher on RBC upgrade
19th Oct 2016 10:08
(ShareCast News) - Wizz Air flew higher as RBC Capital Markets initiated coverage of the Eastern European low-cost carrier at 'outperform' with a 2,100p price target. The bank said Wizz offers cash generative growth a non-growth multiple. In addition, it pointed out that it has higher growth markets
Read moreWizz Air passenger numbers and load factor rise in September
4th Oct 2016 07:20
(ShareCast News) - Central and Eastern Europe-focused low-cost airline Wizz Air reported a rise in passenger numbers and load factor in September. Passenger numbers were up 17.9% to 2.14m, while the load factor - which gauges how full the flights were - edged up to 91.6% from 90.9%. On a rolling 12
Read moreWizz Air's passenger numbers rise 17% in August
5th Sep 2016 07:26
(ShareCast News) - Budget airline Wizz Air increased passenger numbers by 16.6% in August as it announced new routes to and from several central and eastern European countries and launched a new website. For the rolling 12 months ended 31 August passenger number were up by 19.8%, compared to the sam
Read moreMore passengers on more seats in July for Wizz Air
3rd Aug 2016 08:05
(ShareCast News) - Central and Eastern Europe-focused low cost airline Wizz Air announced passenger statistics for July on Wednesday, with capacity rising 16.2% over July 2015 to 2,465,720 seats. On a rolling 12 month basis, capacity was up 18.4% to 23,930,500 seats. The FTSE 250 firm flew 2,285,60
Read moreWizz Air flies higher as first quarter profits jump
20th Jul 2016 09:08
(ShareCast News) - Wizz Air shares flew higher on Wednesday after reporting a 52.2% jump in first quarter pre-tax profit to €52.3m. The low-cost European airline achieved a 9.8% increase in revenue to €364.9m in the three months to 30 June as the number of passengers carried grew 17.9% to 5.8m. Th
Read moreWizz Air agrees engine deal with Pratt & Whitney
13th Jul 2016 13:10
(ShareCast News) - Low-cost airline Wizz Air has agreed to equip its 110 Airbus A321neo aircraft with US aerospace manufacturer Pratt & Whitney's PurePower Geared Turbofan engines. The agreement, which is worth $2.5bn at current list prices, also covers an additional 90 A321neo aircraft over which W
Read moreWizz Air passenger numbers fly higher in June
5th Jul 2016 07:21
(ShareCast News) - Eastern Europe's largest low-cost airline, Wizz Air, reported further growth in passenger numbers for June on Tuesday. The FTSE 250 firm said its capacity increased by 15.3% over last June to 2.19 million seats, with the number of seats improving 18.7% on a rolling 12 month basis.
Read moreWizz Air's Stephenson quits after decade on board
16th Jun 2016 11:14
(ShareCast News) - Wizz Air's second most senior management executive, executive vice president John Stephenson, has resigned from the ultra-low cost airline despite the seemingly encouraging conditions for the company. Stephenson, who joined Wizz in 2006 as chief commercial officer after almost a d
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