<p>Wizz Air Holdings ((GB:WIZZ)) 舉行了第二季度財報電話會議。請繼續閲讀會議的主要亮點。</p>
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<p>Wizz Air 最近的財報電話會議呈現出複雜的情緒，突出了成就與挑戰。該航空公司報告了顯著的收入增長、戰略性運力管理和有效的成本控制措施。然而，它仍然面臨運營效率低下、成本壓力和市場特定的困難。儘管公司的戰略調整和長期增長計劃看起來充滿希望，但短期障礙依然存在。</p>
<h2>運力和市場份額增長</h2>
<p>Wizz Air 報告稱，2026 財年的上半年運力、乘客、收入和利潤均顯著增加。該航空公司目標年增長率為 10% 至 12%，定位為歐洲增長最快的航空公司。中東歐的市場份額預計將從 25% 上升至 29%。</p>
<h2>收入和營業利潤增長</h2>
<p>該航空公司實現了 9% 的年收入增長，EBITDA 增長 19%，營業利潤增長 25%。EBITDA 利潤率為 29%，EBIT 利潤率為 13%，反映出強勁的財務表現。</p>
<h2>成功的成本管理</h2>
<p>Wizz Air 實現了顯著的成本節約，減少了 2900 萬歐元的干擾成本和 7600 萬歐元的濕租成本。儘管運輸量增長了 8.9%，燃料成本仍下降了 2.1%，得益於燃料效率的提高和對沖策略。</p>
<h2>戰略決策和機隊管理</h2>
<p>公司與空客達成協議，重設飛機交付計劃，將交付時間延長至 2033 年，並減少了 91 架飛機的原交付數量。這一戰略調整旨在降低增長風險，並解決與普惠發動機停飛相關的問題。</p>
<h2>強勁的現金狀況</h2>
<p>Wizz Air 在上半年結束時現金約為 20 億歐元，淨槓桿比率從 4 降至 3.6，並保持 30% 至 35% 的流動性目標，以確保財務穩定。</p>
<h2>由於停飛飛機導致的運營效率低下</h2>
<p>由於停飛飛機和系統固有的低效率，公司尚未完全高效。預計在運力管理方面會面臨短期挑戰，因為公司選擇適度增長以與可交付能力保持一致。</p>
<h2>維護和機場費用增加</h2>
<p>由於老舊飛機的退役和組件支持合同價格的上漲，維護成本上升。機場和航路費用也有所增加，德國的費用同比增長了 29%。</p>
<h2>阿布扎比和維也納的挑戰</h2>
<p>Wizz Air 阿布扎比基地的關閉導致了過渡成本，而維也納基地的關閉是由於奧地利政府徵收的高額税收。</p>
<h2>RASK 和成本結構的壓力</h2>
<p>儘管 RASK 同比持平，但預計在下半年會面臨壓力，因為在淡季期間業務增長率高達 15%。由於運力低效，燃料以外的成本也預計會暫時上升。</p>
<h2>前瞻性指導</h2>
<p>Wizz Air 提供了 2026 財年的指導，報告收入增長 9%，得益於可用座公里 (ASK) 增長 8.9% 和 RASK 穩定。公司計劃將年增長率適度控制在 10% 至 12% 之間，以應對普惠發動機停飛等挑戰。Wizz Air 旨在增強其在中東歐的市場份額和運營韌性，儘管下半年可能面臨成本壓力。</p>
<p>總之，Wizz Air 的財報電話會議反映了成就與挑戰的平衡視角。該航空公司的戰略運力管理和成本控制措施值得稱讚，但運營效率低下和市場特定的困難依然存在。公司的長期增長計劃充滿希望，但需要解決短期障礙以維持其增長軌跡。</p>

WIZZ

<p>Wizz Air 的第二季度財報電話會議強調了收入增長、戰略性產能管理和成本控制，儘管面臨運營效率低下和市場挑戰。該航空公司報告收入增長 9%，EBITDA 增長 19%，營業利潤增長 25%。戰略決策包括將飛機交付時間延長至 2033 年，並保持強勁的現金儲備。面臨的挑戰包括停飛的飛機、增加的維護成本，以及在阿布扎比和維也納的壓力。Wizz Air 的目標是實現 10-12% 的年增長，專注於中東歐市場份額</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)) 舉行了第二季度財報電話會議。請繼續閲讀會議的主要亮點。</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 最近的財報電話會議呈現出複雜的情緒，突出了成就與挑戰。該航空公司報告了顯著的收入增長、戰略性運力管理和有效的成本控制措施。然而，它仍然面臨運營效率低下、成本壓力和市場特定的困難。儘管公司的戰略調整和長期增長計劃看起來充滿希望，但短期障礙依然存在。</p>
</div><h2>Capacity and Market Share Growth</h2>
<div class="lb-trans"><h2>運力和市場份額增長</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 報告稱，2026 財年的上半年運力、乘客、收入和利潤均顯著增加。該航空公司目標年增長率為 10% 至 12%，定位為歐洲增長最快的航空公司。中東歐的市場份額預計將從 25% 上升至 29%。</p>
</div><h2>Revenue and Operating Profit Increase</h2>
<div class="lb-trans"><h2>收入和營業利潤增長</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>該航空公司實現了 9% 的年收入增長，EBITDA 增長 19%，營業利潤增長 25%。EBITDA 利潤率為 29%，EBIT 利潤率為 13%，反映出強勁的財務表現。</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 實現了顯著的成本節約，減少了 2900 萬歐元的干擾成本和 7600 萬歐元的濕租成本。儘管運輸量增長了 8.9%，燃料成本仍下降了 2.1%，得益於燃料效率的提高和對沖策略。</p>
</div><h2>Strategic Decisions and Fleet Management</h2>
<div class="lb-trans"><h2>戰略決策和機隊管理</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>公司與空客達成協議，重設飛機交付計劃，將交付時間延長至 2033 年，並減少了 91 架飛機的原交付數量。這一戰略調整旨在降低增長風險，並解決與普惠發動機停飛相關的問題。</p>
</div><h2>Strong Cash Position</h2>
<div class="lb-trans"><h2>強勁的現金狀況</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 在上半年結束時現金約為 20 億歐元，淨槓桿比率從 4 降至 3.6，並保持 30% 至 35% 的流動性目標，以確保財務穩定。</p>
</div><h2>Operational Inefficiencies Due to Grounded Aircraft</h2>
<div class="lb-trans"><h2>由於停飛飛機導致的運營效率低下</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>由於停飛飛機和系統固有的低效率，公司尚未完全高效。預計在運力管理方面會面臨短期挑戰，因為公司選擇適度增長以與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>維護和機場費用增加</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>由於老舊飛機的退役和組件支持合同價格的上漲，維護成本上升。機場和航路費用也有所增加，德國的費用同比增長了 29%。</p>
</div><h2>Challenges in Abu Dhabi and Vienna</h2>
<div class="lb-trans"><h2>阿布扎比和維也納的挑戰</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 阿布扎比基地的關閉導致了過渡成本，而維也納基地的關閉是由於奧地利政府徵收的高額税收。</p>
</div><h2>Pressure on RASK and Cost Structure</h2>
<div class="lb-trans"><h2>RASK 和成本結構的壓力</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>儘管 RASK 同比持平，但預計在下半年會面臨壓力，因為在淡季期間業務增長率高達 15%。由於運力低效，燃料以外的成本也預計會暫時上升。</p>
</div><h2>Forward-Looking Guidance</h2>
<div class="lb-trans"><h2>前瞻性指導</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 財年的指導，報告收入增長 9%，得益於可用座公里 (ASK) 增長 8.9% 和 RASK 穩定。公司計劃將年增長率適度控制在 10% 至 12% 之間，以應對普惠發動機停飛等挑戰。Wizz Air 旨在增強其在中東歐的市場份額和運營韌性，儘管下半年可能面臨成本壓力。</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>總之，Wizz Air 的財報電話會議反映了成就與挑戰的平衡視角。該航空公司的戰略運力管理和成本控制措施值得稱讚，但運營效率低下和市場特定的困難依然存在。公司的長期增長計劃充滿希望，但需要解決短期障礙以維持其增長軌跡。</p>
</div>

Wizz Air 的財報電話會議：在挑戰中實現增長