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Wizz Air (WIZZLN 26s; Ba1/NR/BBB- Neg) August Traffic, €26s look value

TRANSPORTATION

Passengers +1% yoy is an improvement from last month's -1.4% and 1Q's +0.5%. Load factor at 95.4% (+1.3ppt yoy)

  • Reminder passenger numbers at Wizz is skewed by plane groundings. It says this months capacity was -0.4% yoy.
  • It's noted the 'all you can fly' annual memberships sold out within 48hours (10,000 passes went online) but nothing more on that.

Wizz 26s look weaker and screening value to us. We hear it is trading. View valid on offer side (€95.1/Z+190).

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Passengers +1% yoy is an improvement from last month's -1.4% and 1Q's +0.5%. Load factor at 95.4% (+1.3ppt yoy)

  • Reminder passenger numbers at Wizz is skewed by plane groundings. It says this months capacity was -0.4% yoy.
  • It's noted the 'all you can fly' annual memberships sold out within 48hours (10,000 passes went online) but nothing more on that.

Wizz 26s look weaker and screening value to us. We hear it is trading. View valid on offer side (€95.1/Z+190).

Keep reading...Show less