Wizz Air has reported a fiscal third quarter 2025 net loss of €241.1 million on a year-over -year increase in revenue of 11.0 percent to €1.2 billion. At December 31, 2024, the carrier had cash totaling €1.6 billion.
On Thursday (January 30, 2025), Wizz Air reported their fiscal third quarter 2025 financial results for the period ending December 31, 2024. The carrier reported a fiscal third quarter 2025 net loss of €241.1 million on an 11.0 percent year-over-year increase to €1.2 billion. Wizz Air’s Q3 revenue per available seat kilometer (RASK) increased 12.4 percent versus Q3 FY2024 to 3.86 euro cents, while cost per available seat kilometer (CASK) increased 3.6 percent to 4.25 euro cents. Costs excluding fuel (CASK-ex) increased 16.8 percent compared to the same period in the previous financial year to 2.88 euro cents. At December 31, 2024, Wizz Air had €1.6 billion in cash on hand.
In Thursday’s announcement, Wizz Air’s Chief Executive Officer, József Váradi, said,
“As expected, demand and pricing were strong over the quarter, with ticket RASK up 15% year-on-year. Booking rates were ahead of the same period last year, leading to a 2.7ppt increase in our Q3 load factor to a positive 90.3%. This was supported by a favorable comparison against the disruption to our network last year in Israel. Q3 revenues were up 11% year-on-year to €1,177m and we carried a record 15.5 million passengers in the quarter.
“Wizz Air has continued to navigate the complexity imposed on its operations from the ongoing grounding of some 20% of its fleet, due to the well-documented GTF engine issue. This is reflected in our unit cost performance, with Q3 ex-fuel CASK up 17% year-on-year, given the multiple inefficiencies these groundings generate across a number of our cost lines.
“Disappointingly the benefits of the stronger demand environment did not flow through to our reported profit level due to these cost headwinds and a significant €160m negative FX charge recognised in Q3. This reflects the requirement to mark-to-mark our US$ denominated lease exposure at the ruling rate at the end of each quarter. While a non-cash item, it has the potential to introduce significant volatility to our reported profitability (with an FX credit of €88m booked a year ago for a €248m swing year-on-year). Given the current volatility in FX, the board has approved a hedging program to help mitigate this in the future, the timing of which is yet to be determined given current ruling exchange rates.”
Wizz Air's Third Quarter FY2025 Financial Results - Courtesy Wizz Air
During the fiscal third quarter 2025, Wizz Air added four Airbus A321neos and redelivered two A320ceos to their lessors, ending the quarter with a fleet of 226 aircraft. At December 31, 2024, the carrier’s fleet included 64 percent new generation ‘neo’ aircraft. For the remainder of FY2025, Wizz expects to take delivery of eight new A321neos, including their first A321XLR, while a further four A320ceos will exit the fleet. At year-end 2024, Wizz Air’s delivery backlog included 307 aircraft, including 260 A321neos and 47 A321XLR aircraft.
Budapest, Hungary-based Wizz Air is the fastest growing European ultra-low-cost carrier (ULCC) and operates an all Airbus A320 and A321 Family fleet of over 220 aircraft. Wizz Air is the largest ULCC in Central and Eastern Europe and serves over 1,100 routes to/from 50 countries. During FY 2024, ending March 31, 2024, Wizz carried 62 million guests. Wizz Air offers superior guest service at exceptionally low fares. Shares in the company trade on the London Stock Exchange under the ticker symbol WIZZ.
Source: Wizz Air Holdings PLC / RNS Number 2003V