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Wizz Air swings to deep loss as pandemic grounds planes

FTSE opens 0.5% higher on global recovery hopes

15 April 2021 | 12:14pm StockMarketWire.com - The FTSE 100 gained 0.52% to 6,970 by lunchtime on Thursday, extending its upward trajectory in recent days and taking it back to pre-pandemic levels, after a jump in commodity prices boosted the miners in the index. Rio Tinto, BHP and Anglo American were all trading higher by midday. AO World rose 2% to 324p after the white goods online retailer said it expected to report annual adjusted profit in line with market expectations following a strong final quarter to the fiscal year. For the year ended 31 March 2021, adjusted EBITDA, or profit befor...

15 April 2021 | 07:33am StockMarketWire.com - Wizz Air has said it is expecting to report a net loss of €570-590 million and a full year underlying loss of €475-495 million for F21, as it continues to battle the impact of the Covid-19 pandemic and the ongoing uncertainty surrounding travel restrictions. In a post-close trading update, the company said the only exceptional item the loss related to discontinued fuel hedges, amounting to an estimated €95 million. Wizz Air maintains its investment grade balance sheet and strong liquidity position with a total cash / cash equivalents balanc...

6 April 2021 | 07:16am StockMarketWire.com - Budget carrier Wizz Air said it carried 73% less passengers in the month March year-on-year, as lockdowns continued to hurt travel markets. Passenger volumes in March dropped to 480,203 people, down from 1,754,032 in March 2020. Wizz said it operated just below 20% of its capacity at a load factor of 63%. Story provided by StockMarketWire.com Find out how to deal online from £1.50 in a SIPP, ISA or Dealing account. Latest share price and company details: