Panmure Liberum has repeated a 'Sell' rating on Wizz Air Holdings (LSE:WIZZ) after the low‑cost carrier issued an unscheduled trading update guiding to breakeven to a small net profit for the year to March 2026.
Analyst Gerald Khoo, who has a a 525p price target, says the guidance effectively reverses the March profit warning-management cited stronger underlying revenue-but he urges caution given Wizz Air’s history of finding last‑minute credits to hit guidance.
Panmure highlights that the group is c.70% hedged for summer jet fuel at around US$720 per metric tonne versus spot near US$1,300/tonne, that H1 capacity is scheduled to grow about 28% year‑on‑year with forward bookings c.44% sold, and notes management has "strategically utilised promotional fares to stimulate demand".
