Wizz Air Holdings Plc Announces Unaudited Interim Management Statement for the Third Quarter Ended December 31, 2015; Provides Earnings and Production Guidance for the Year 2016
For the third quarter ended December 31, 2015, the company reported passengers carried of 4.7 million compared to 3.8 million a year ago. Load factor increased to 85.7% for the third quarter of 2015 versus 84.6% in the third quarter of 2014. For the quarter, the company reported seat capacity of 5,523,440 compared to 4,542,120 a year ago. Load factor was 85.7% compared to 84.6% a year ago.
Underlying net profit for the full year of 2016 is now expected to be in the range of EUR 200 million to EUR 210 million against previous guidance of EUR 190 million to EUR 200 million. The company expects effective tax rate of 6% for the year 2015.
For the year 2016, the company expects modest improvement in load factor. The company expects capacity growth (ASKs) of 18%. Revenue per ASK to be down low single digit.