<p>Wizz Air Holdings ((GB:WIZZ)) 举行了第二季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>Wizz Air 最近的财报电话会议呈现出复杂的情绪，突出了成就与挑战。该航空公司报告了显著的收入增长、战略性运力管理和有效的成本控制措施。然而，它仍然面临运营效率低下、成本压力和市场特定的困难。尽管公司的战略调整和长期增长计划看起来充满希望，但短期障碍依然存在。</p>
<h2>运力和市场份额增长</h2>
<p>Wizz Air 报告称，2026 财年的上半年运力、乘客、收入和利润均显著增加。该航空公司目标年增长率为 10% 至 12%，定位为欧洲增长最快的航空公司。中东欧的市场份额预计将从 25% 上升至 29%。</p>
<h2>收入和营业利润增长</h2>
<p>该航空公司实现了 9% 的年收入增长，EBITDA 增长 19%，营业利润增长 25%。EBITDA 利润率为 29%，EBIT 利润率为 13%，反映出强劲的财务表现。</p>
<h2>成功的成本管理</h2>
<p>Wizz Air 实现了显著的成本节约，减少了 2900 万欧元的干扰成本和 7600 万欧元的湿租成本。尽管运输量增长了 8.9%，燃料成本仍下降了 2.1%，得益于燃料效率的提高和对冲策略。</p>
<h2>战略决策和机队管理</h2>
<p>公司与空客达成协议，重设飞机交付计划，将交付时间延长至 2033 年，并减少了 91 架飞机的原交付数量。这一战略调整旨在降低增长风险，并解决与普惠发动机停飞相关的问题。</p>
<h2>强劲的现金状况</h2>
<p>Wizz Air 在上半年结束时现金约为 20 亿欧元，净杠杆比率从 4 降至 3.6，并保持 30% 至 35% 的流动性目标，以确保财务稳定。</p>
<h2>由于停飞飞机导致的运营效率低下</h2>
<p>由于停飞飞机和系统固有的低效率，公司尚未完全高效。预计在运力管理方面会面临短期挑战，因为公司选择适度增长以与可交付能力保持一致。</p>
<h2>维护和机场费用增加</h2>
<p>由于老旧飞机的退役和组件支持合同价格的上涨，维护成本上升。机场和航路费用也有所增加，德国的费用同比增长了 29%。</p>
<h2>阿布扎比和维也纳的挑战</h2>
<p>Wizz Air 阿布扎比基地的关闭导致了过渡成本，而维也纳基地的关闭是由于奥地利政府征收的高额税收。</p>
<h2>RASK 和成本结构的压力</h2>
<p>尽管 RASK 同比持平，但预计在下半年会面临压力，因为在淡季期间业务增长率高达 15%。由于运力低效，燃料以外的成本也预计会暂时上升。</p>
<h2>前瞻性指导</h2>
<p>Wizz Air 提供了 2026 财年的指导，报告收入增长 9%，得益于可用座公里 (ASK) 增长 8.9% 和 RASK 稳定。公司计划将年增长率适度控制在 10% 至 12% 之间，以应对普惠发动机停飞等挑战。Wizz Air 旨在增强其在中东欧的市场份额和运营韧性，尽管下半年可能面临成本压力。</p>
<p>总之，Wizz Air 的财报电话会议反映了成就与挑战的平衡视角。该航空公司的战略运力管理和成本控制措施值得称赞，但运营效率低下和市场特定的困难依然存在。公司的长期增长计划充满希望，但需要解决短期障碍以维持其增长轨迹。</p>

WIZZ

<p>Wizz Air 的第二季度财报电话会议强调了收入增长、战略性产能管理和成本控制，尽管面临运营效率低下和市场挑战。该航空公司报告收入增长 9%，EBITDA 增长 19%，营业利润增长 25%。战略决策包括将飞机交付时间延长至 2033 年，并保持强劲的现金储备。面临的挑战包括停飞的飞机、增加的维护成本，以及在阿布扎比和维也纳的压力。Wizz Air 的目标是实现 10-12% 的年增长，专注于中东欧市场份额</p>

<p>Wizz Air Holdings ((GB:WIZZ)) has held its Q2 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>Wizz Air Holdings ((GB:WIZZ)) 举行了第二季度财报电话会议。请继续阅读会议的主要亮点。</p>
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</div><p>Wizz Air’s recent earnings call presented a mixed sentiment, highlighting both achievements and challenges. The airline reported notable revenue growth, strategic capacity management, and effective cost control measures. However, it continues to face operational inefficiencies, cost pressures, and market-specific difficulties. While the company’s strategic adjustments and long-term growth plans appear promising, short-term hurdles persist.</p>
<div class="lb-trans"><p>Wizz Air 最近的财报电话会议呈现出复杂的情绪，突出了成就与挑战。该航空公司报告了显著的收入增长、战略性运力管理和有效的成本控制措施。然而，它仍然面临运营效率低下、成本压力和市场特定的困难。尽管公司的战略调整和长期增长计划看起来充满希望，但短期障碍依然存在。</p>
</div><h2>Capacity and Market Share Growth</h2>
<div class="lb-trans"><h2>运力和市场份额增长</h2>
</div><p>Wizz Air reported a significant increase in capacity, passengers, revenue, and profit for the first half of fiscal ’26. The airline is targeting a 10% to 12% annual growth rate, positioning itself as the fastest-growing airline in Europe. Market share in Central and Eastern Europe is expected to rise to 29%, up from 25%.</p>
<div class="lb-trans"><p>Wizz Air 报告称，2026 财年的上半年运力、乘客、收入和利润均显著增加。该航空公司目标年增长率为 10% 至 12%，定位为欧洲增长最快的航空公司。中东欧的市场份额预计将从 25% 上升至 29%。</p>
</div><h2>Revenue and Operating Profit Increase</h2>
<div class="lb-trans"><h2>收入和营业利润增长</h2>
</div><p>The airline saw a 9% year-on-year increase in revenue, with EBITDA up 19% and operating profit up 25%. The EBITDA margin was reported at 29%, and the EBIT margin at 13%, reflecting strong financial performance.</p>
<div class="lb-trans"><p>该航空公司实现了 9% 的年收入增长，EBITDA 增长 19%，营业利润增长 25%。EBITDA 利润率为 29%，EBIT 利润率为 13%，反映出强劲的财务表现。</p>
</div><h2>Successful Cost Management</h2>
<div class="lb-trans"><h2>成功的成本管理</h2>
</div><p>Wizz Air achieved significant cost savings, reducing disruption costs by EUR 29 million and wet lease costs by EUR 76 million. Fuel costs decreased by 2.1% despite an 8.9% growth in volume, thanks to improved fuel efficiency and hedging strategies.</p>
<div class="lb-trans"><p>Wizz Air 实现了显著的成本节约，减少了 2900 万欧元的干扰成本和 7600 万欧元的湿租成本。尽管运输量增长了 8.9%，燃料成本仍下降了 2.1%，得益于燃料效率的提高和对冲策略。</p>
</div><h2>Strategic Decisions and Fleet Management</h2>
<div class="lb-trans"><h2>战略决策和机队管理</h2>
</div><p>The company finalized a deal with Airbus to reset the aircraft delivery stream, extending deliveries to 2033 and reducing the original delivery period by 91 aircraft. This strategic adjustment aims to derisk the growth profile and address issues related to the Pratt &amp; Whitney engine groundings.</p>
<div class="lb-trans"><p>公司与空客达成协议，重设飞机交付计划，将交付时间延长至 2033 年，并减少了 91 架飞机的原交付数量。这一战略调整旨在降低增长风险，并解决与普惠发动机停飞相关的问题。</p>
</div><h2>Strong Cash Position</h2>
<div class="lb-trans"><h2>强劲的现金状况</h2>
</div><p>Wizz Air ended the first half with approximately EUR 2 billion in cash, reducing its net leverage ratio from 4 to 3.6, and maintained a liquidity target of 30% to 35%, ensuring financial stability.</p>
<div class="lb-trans"><p>Wizz Air 在上半年结束时现金约为 20 亿欧元，净杠杆比率从 4 降至 3.6，并保持 30% 至 35% 的流动性目标，以确保财务稳定。</p>
</div><h2>Operational Inefficiencies Due to Grounded Aircraft</h2>
<div class="lb-trans"><h2>由于停飞飞机导致的运营效率低下</h2>
</div><p>The company is not yet fully efficient due to grounded aircraft and inherent system inefficiencies. Short-term challenges in capacity management are expected as the company opts for moderated growth to align with deliverable capabilities.</p>
<div class="lb-trans"><p>由于停飞飞机和系统固有的低效率，公司尚未完全高效。预计在运力管理方面会面临短期挑战，因为公司选择适度增长以与可交付能力保持一致。</p>
</div><h2>Increased Costs in Maintenance and Airport Charges</h2>
<div class="lb-trans"><h2>维护和机场费用增加</h2>
</div><p>Maintenance costs rose due to the retirement of older aircraft and increased component support contract prices. Airport and on-route charges also increased, with Germany seeing a 29% year-on-year increase in recharges.</p>
<div class="lb-trans"><p>由于老旧飞机的退役和组件支持合同价格的上涨，维护成本上升。机场和航路费用也有所增加，德国的费用同比增长了 29%。</p>
</div><h2>Challenges in Abu Dhabi and Vienna</h2>
<div class="lb-trans"><h2>阿布扎比和维也纳的挑战</h2>
</div><p>The closure of the Wizz Air Abu Dhabi base led to transitional costs, and the Vienna base closure was due to prohibitive taxes imposed by the Austrian government.</p>
<div class="lb-trans"><p>Wizz Air 阿布扎比基地的关闭导致了过渡成本，而维也纳基地的关闭是由于奥地利政府征收的高额税收。</p>
</div><h2>Pressure on RASK and Cost Structure</h2>
<div class="lb-trans"><h2>RASK 和成本结构的压力</h2>
</div><p>Although RASK was flat year-on-year, there is expected pressure in the second half due to a high growth rate of 15% in the business during the off-peak period. Ex-fuel costs are also expected to rise temporarily due to capacity inefficiencies.</p>
<div class="lb-trans"><p>尽管 RASK 同比持平，但预计在下半年会面临压力，因为在淡季期间业务增长率高达 15%。由于运力低效，燃料以外的成本也预计会暂时上升。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指导</h2>
</div><p>Wizz Air provided guidance for fiscal year 2026, reporting a 9% increase in revenue driven by an 8.9% growth in available seat kilometers (ASK) and a stable RASK. The company plans to moderate its growth rate to around 10% to 12% annually to manage challenges like the Pratt &amp; Whitney engine groundings. Wizz Air aims to strengthen its market share in Central and Eastern Europe and enhance operational resilience, despite potential cost pressures in the second half of the year.</p>
<div class="lb-trans"><p>Wizz Air 提供了 2026 财年的指导，报告收入增长 9%，得益于可用座公里 (ASK) 增长 8.9% 和 RASK 稳定。公司计划将年增长率适度控制在 10% 至 12% 之间，以应对普惠发动机停飞等挑战。Wizz Air 旨在增强其在中东欧的市场份额和运营韧性，尽管下半年可能面临成本压力。</p>
</div><p>In summary, Wizz Air’s earnings call reflects a balanced view of achievements and challenges. The airline’s strategic capacity management and cost control measures are commendable, yet operational inefficiencies and market-specific difficulties remain. The company’s long-term growth plans are promising, but short-term hurdles need to be addressed to sustain its growth trajectory.</p>
<div class="lb-trans"><p>总之，Wizz Air 的财报电话会议反映了成就与挑战的平衡视角。该航空公司的战略运力管理和成本控制措施值得称赞，但运营效率低下和市场特定的困难依然存在。公司的长期增长计划充满希望，但需要解决短期障碍以维持其增长轨迹。</p>
</div>

Wizz Air 的财报电话会议：在挑战中实现增长