Get the latest news on Wizz Air Holdings stock with updates on market trends, financials, and analysis from Benzinga. Stay informed on WZZAF performance

Latest Wizz Air Holdings Stock News | OTC:WZZAF | Benzinga

Wizz Air is a prominent ultralow-cost airline group operating primarily across Europe, the Middle East, North Africa, and Northwest Asia. Founded in 2003, the company offers scheduled short-haul and medium-haul point-to-point flights under the Wizz Air brand. As of March 2024, Wizz Air operated a fleet of 208 aircraft, connecting approximately 200 destinations across 50 countries.

News

Penny Stocks

Small Cap

Media

AFRAF

AIABF

ALNPY

ANZFF

CPCAY

DLAKY

ESYJY

JAPSY

QABSY

RYAAY

SINGY

WZZAF

Airlines Depend On Hedging, Fuel Surcharges As Oil Surges: Report

Intraday Update

Markets

Movers

Trading Ideas

ACGL

ACIA

ACMR

ACRE

ADYEY

ADYYF

AFFY

AJRD

ALCO

ALLE

ALMFF

AMADY

AMBC

AMED

AMRC

AMWD

ANSS

AOIFF

AOSL

APAM

ARDC

ARMK

ARVN

ASAZY

ASMLF

ATCMF

ATLC

ATLKY

ATRC

AXELF

BBDC

BCPC

BF-B

BIOS

BLDP

BLDR

BMBYF

BMCH

BRK-A

BRK-B

BRKR

BTBIF

BTDPY

BURBY

CACI

CCLAY

CCOI

CCXI

CDAY

CFFA

CGNX

CHRYY

CIADF

COHU

COLL

CPIVF

CPRT

CRVL

CSGP

CSLLY

Stocks That Hit 52-Week Highs On Thursday

WIZZ AIR HOLDINGS PLC ORD by Wizz Air Holdings PLC

Wizz Air Holdings PLC

Wizz Air Holdings

<ul>
	<li>Amid Russia&#39;s invasion of Ukraine, the oil price has surged to its highest level since 2008. This oil price increase comes as many carriers are forced to fly longer routings to avoid Russian and Ukrainian airspace,&nbsp;<a class="editor-rtfLink" href="https://www.reuters.com/business/aerospace-defense/airlines-use-hedging-fuel-surcharges-offset-some-pain-oil-surges-2022-03-07/" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">reported Reuters</a>.</li>
	<li>The price surge is another addition to airline costs when the carriers have already struggled to recover from a pandemic-related dip in demand.</li>
	<li>On Saturday, Malaysia&#39;s AirAsia,&nbsp;Capital A Berhad&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AIABF#OTC">AIABF</a>), introduced fuel surcharges on tickets for the first time since 2015.</li>
	<li>Chinese airlines also raised fuel surcharges on domestic routes, its aviation regulator said, while Emirates,&nbsp;Japan Airlines&nbsp;Co Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/JAPSY#OTC">JAPSY</a>), and&nbsp;ANA Holdings Inc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ALNPY#OTC">ALNPY</a>) raised their surcharges recently, the report added.&nbsp;</li>
	<li>Some carriers are fully unhedged, like&nbsp;Wizz Air&nbsp;Holdings PLC&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/WZZAF#OTC">WZZAF</a>)) and U.S. majors&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>),&nbsp;American Airlines Group Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), and&nbsp;Delta Air Lines Inc&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>), though the latter owns an oil refinery, the report noted.</li>
	<li>Others have oil hedges that will help offset portions of the price increase, like&nbsp;Air France-KLM&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/AFRAF#OTC">AFRAF</a>), which has hedged 72% of oil consumption for the first quarter and 63% for the second quarter at $90 a barrel.</li>
	<li>Air New Zealand&nbsp;Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANZFF#OTC">ANZFF</a>) has hedged 1.34 million barrels of oil in the current half ending June 30 and 707,500 barrels in the following half-year period. The carrier also raised international fares by about 5%, citing rising oil prices and general cost inflation.</li>
	<li>Cathay Pacific Airways&nbsp;Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/CPCAY#OTC">CPCAY</a>) hedged more than 60% of its expected first-quarter consumption and about half of its second-quarter consumption.</li>
	<li>EasyJet PLC&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ESYJY#OTC">ESYJY</a>) airline 60% hedged for fuel in the financial year ending on September 30 at around $504 per metric tonne.</li>
	<li>Deutsche Lufthansa AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/DLAKY#OTC">DLAKY</a>) is 63% hedged in 2022 at a break-even price of $74 a barrel.</li>
	<li>Qantas Airways&nbsp;Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/QABSY#OTC">QABSY</a>) has more than 90% of its fuel hedged in the current half and has a lower level of hedges in place for the following half-year period.</li>
	<li>Ryanair Holdings plc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#NASDAQ">RYAAY</a>) is 80% hedged on fuel out to 2023. However, rising prices will still cost the airline group around 50 million euros ($54.22 million) over the next 12 months, the reported quoted CEO Michael O&#39;Leary.</li>
	<li>Singapore Airlines&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SINGY#OTC">SINGY</a>) has hedged 30% of its oil needs at an average Brent price of $57 a barrel for the six months ending March 31. It had also hedged 40% of its needs at an average price of $60 for the following five quarters.</li>
	<li>Price Action:&nbsp;UAL shares are trading lower by 3.54% at $35.41, AAL lower by 3.08% at $14.14, DAL lower by 3.22% at $33.41, and RYAAY lower by 3.96% at $83.32 during the premarket session on Monday.</li>
</ul>

Comments

Wizz Air Holdings Stock News

News

Latest Wizz Air Holdings Stock News | OTC:WZZAF | Benzinga

Monday, March 07, 2022

Thursday, January 16, 2020

Popular Channels

Tools & Features

Partners & Contributors

About Benzinga