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Wizz Air has risen 4.67% after raising its forecast of benefits for 2020


Wizz air It has risen 4.67% after raising its profit outlook for the rest of the year. The low cost airline registered a solid third quarter thanks to higher demand and now expects between 350 and 355 million profits by the end of March, at the close of its fiscal year, compared to 335-350 that it anticipated earlier.

Before taxes, the benefits of Wizz Air in the last quarter of 2019 amounted to 22.4 million euros compared to 21.2 million the previous year.

In turn, its revenues were 637.3 million euros, compared to the 511.3 million registered in the same period of 2018. Operating expenses, meanwhile, were raised 23% in this period, up to 602.8 million. The level of occupancy of its flights is striking, with 92.5% in this period.

"Wizz's dominant position in its most relevant markets limits the risk of its customers changing it for one of its competitors," AJ Bell analysts acknowledge. "His focus on Europe should partially isolate him from the impact of the coronavirus and China ", apostillan.


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