Wizz Air Reports Fiscal First Quarter 2026 Net Profit of €38.4 Million

Wizz Air has reported a fiscal first quarter 2026 net profit of €38.4 million on a year-over-year increase in revenue of 13 percent to €1.43 billion.  At June 30, 2025, the carrier had cash and cash equivalents totaling approximately €1.1 billion. 

Wizz Air Airbus A320neo - Courtesy Airbus

On Thursday (July 24, 2025), Wizz Air Holdings PLC reported their fiscal first quarter financial results for the period ending June 30, 2025.  The carrier reported a first quarter net profit of €38.4 million on a 13 percent year-over year increase in revenue to €1.43 billion.  Wizz Air’s first quarter revenue per available seat kilometer (RASK) increases 2.1 percent compared to Q1 FY2024 to 4.41 euro cents, while cost per available seat kilometer (CASK) increased 3.8 percent to 4.46 euro cents.  Costs excluding fuel (CASK-ex) increased 14.2 percent compared to the same period last year to 3.11 euro cents.  At June 30, 2025, the company had approximately €1.1 billion in cash and cash equivalents.

In Thursday’s announcement, Wizz Air’s CEO, József Váradi, said,

“We approach F26 with a clear vision of our strategy to focus our business on markets that satisfy two important criteria.  Firstly, to ensure we are operating in so called environmentally benign operating environments and secondly, in markets where we already have or will have market share.  We believe our core Central and Eastern European (CEE) markets satisfy both these criteria. As such, we have developed initiatives that steer network design to focus on these markets.

“We announced the suspension of our Middle Eastern operations from September 1, 2025 onwards and are rationalizing our A321XLR program to ensure we have the right fleet for the network design that delivers the strategy.  We are simultaneously pursuing all avenues to lift the fleet that is grounded due to engine supply chain issues and retiring early as many A320 CEO family aircraft as is feasible.  This will require further modification to our aircraft delivery schedules to reduce our growth rate to levels that support the demand this revised network will require.

“We continue to focus on operational performance with our completion rate back to leadership standards and improvement in on-time performance.  Our completion rate was 99.15 per cent and our on-time performance rate was 76.35 per cent, which was notably up 8.7 ppts from last year.   This is the result of our continuous investment in technology, staff training and infrastructure enhancements.  We successfully operate almost 800 routes in over 50 countries between 33 bases across Europe and the Middle East.

“The well documented issues relating to Pratt & Whitney’s GTF engines led to 41 neo aircraft being grounded at the end of the quarter vs 46 aircraft this quarter last year.  However, notwithstanding Wizz Air carried 17.0 million passengers over the three months ending June, up 10.6% year-on-year and these results underline the sustained demand for our services across Europe and our ability to offer the best value to our customers.

“Our management team has demonstrated a high degree of adaptability in recent years when faced by severe challenges, and this year will likely continue to call on that strength as we refocus our business.  We see this encompassing some significant changes to our operations but with active execution and a strong balance sheet to support this, I am excited by the long-term prospects for the company.”

During the fiscal first quarter, Wizz Air signed an agreement with Pratt & Whitney selecting the PW1100G-JM geared turbofan "(GTF") engine to power the airline's firm order for 177 Airbus A321neos, alongside a long-term maintenance service agreement and ongoing support package to mitigate impact of groundings.  On July 14, 2025, the carrier also announced a strategic realignment to focus on key markets with the suspension of Wizz Air Abu Dhabi operations.  As of 30 Jun 2025, the carrier had 41 aircraft on ground due to GTF engine-related inspections.

Wizz Air took delivery of 10 new Airbus A321neos and one new A321XLR during the period, and redelivered six A320ceos. The carrier ended the period with a total fleet of 236 aircraft, including 31 A320ceos, 41 A321ceos, six A320neos, 157 A321neos and one A321XLR.  The average age of Wizz Air’s fleet is currently 4.5 years, the youngest among major European airlines, with 69.5 percent of the fleet comprised of new technology aircraft.  At June 30, 2025, Wizz Air’s firm order backlog included 243 A321neos and 46 A321XLRs, a total of 289 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 236 aircraft.  Wizz Air is the largest ULCC in Central and Eastern Europe and serves over 830 routes to/from nearly 190 destinations in 51 countries.  During FY 2025, Wizz Air carried 63.4 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