Financial figures of fiscal year 2016/17 announced today:
- passengers carried 23,8 million (+19%);
- load factor 90,1% (+1,9 pp);
- revenue 1571 mio EUR (+10%);
- profit (IFRS) 246 mio EUR (+28%);
- profit margin 15,7%;
- free cash at hand 774 mio EUR;
- unit revenue down 8,5% to 3,75 cents/ASK;
- unit cost down 7,8% to 3,15 cents/ASK;
- FY18 profit guidance 250 to 270 mio EUR.
Brexit:
"Reiterating that despite the UK's decision to leave the European Union ("Brexit"), there are no signs of demand weakness on routes to/from the UK. The negative translation effect on British pound revenues due to Brexit in FY2017 is estimated at €17 million, which was absorbed by the rest of Wizz Air's large and diversified route network."