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Investegate, Wizz Air expects net loss as Covid-19 battle continues by BFN News From InvestEgate
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...