Wizz Air Holdings Plc provided earnings and operating guidance for the fiscal second quarter ending September 2022. Despite the factors impacting first quarter of fiscal 2023, the Company is expecting a material operational profit in the second quarter of the fiscal year (July - September) as revenue and pricing momentum is expected to continue to improve, as the company highlighted during the full year results release.

The company expects continued RASK improvement on the back of higher fares and improving load factors, resulting in a high-single digit RASK improvement for the quarter vs. fiscal year 2020. Load factors as of July improve to above 90% and the fare environment remains strong, with industry capacity reducing and consumer demand over summer strong. The company expects higher fleet utilization to help to further improve the company's ex-Fuel CASK, returning towards historical ex-Fuel CASK levels for the quarter and as the company reduce the operational impact of disruptions. To be able to avoid cancellations and secure a more punctual operation to the company's customers, the company has further improved the agility and resilience of the company's network including adjusting schedules where the company has seen a higher occurrence of issues (e.g. slot allocation issues, turn-around timings). In total for the peak summer period the company expects to reduce utilization a further 5% versus the plan outlined at the full year results to reduce the impact of ongoing external disruptions. The company now expects summer ASK growth to be around 35% versus fiscal year 2020.