Wizz Air's Strong Financials Boost Shares by 9%

Wizz Airs shares surged by over nine percent on November thirteenth following strong financial results for the first half of their fiscal year. The low-cost airline reported a twenty-five percent increase in operating profit, reaching four hundred thirty-nine point two million euros, and a two point six percent rise in net profit to three hundred twenty-three point five million euros. Total revenue grew by nine percent to three point three four billion euros, driven by increased flights and steady customer demand. Passenger numbers also rose by nine point six percent, with Wizz Air carrying thirty-six point five million travelers. The companys cash reserves grew by over fourteen percent, reaching one point nine eight billion euros, and they made strategic changes to their aircraft orders.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.