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It was interesting to see Wizz Air’s shares bounce 11% following their recent full-year results.
While the Pratt & Whitney GTF engine groundings absolutely hammered their operating profits (down 17% due to massive maintenance and wet-lease costs), the underlying numbers look like they are finally stabilizing.
Revenue climbed 8% to €5.69 billion, and passenger numbers hit a record 69.7 million. Crucially for fleet trackers, their aircraft-on-ground (AOG) numbers due to the engine inspections dropped to 30 frames by the end of March, and management claims they are aiming for zero groundings by late next year.
Do you think a target of zero GTF groundings by the end of 2027 is actually realistic given P&W's track record, or are Wizz being overly optimistic to keep shareholders happy?
How do you see their aggressive capacity expansion pan out across Europe while they are still juggling these engineering bottlenecks?
While the Pratt & Whitney GTF engine groundings absolutely hammered their operating profits (down 17% due to massive maintenance and wet-lease costs), the underlying numbers look like they are finally stabilizing.
Revenue climbed 8% to €5.69 billion, and passenger numbers hit a record 69.7 million. Crucially for fleet trackers, their aircraft-on-ground (AOG) numbers due to the engine inspections dropped to 30 frames by the end of March, and management claims they are aiming for zero groundings by late next year.
Do you think a target of zero GTF groundings by the end of 2027 is actually realistic given P&W's track record, or are Wizz being overly optimistic to keep shareholders happy?
How do you see their aggressive capacity expansion pan out across Europe while they are still juggling these engineering bottlenecks?
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