Latest news for Wizz Air Holdings (OTC:WZZAF) Stock

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.

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WIZZ AIR HOLDINGS PLC ORD by Wizz Air Holdings PLC

Wizz Air Holdings PLC

On Monday, November 24th, U.S. markets ended the day on a positive note, with gains fueled by a sharp drop in bond yields following Scott Bessent&#8217;s nomination as U.S. Treasury Secretary appointment eased concerns over government borrowing and trade tariffs, boosting market confidence. Small- and mid-cap stocks, which had underperformed earlier, saw strong gains, further supported by the Federal Reserve&#8217;s recent rate cuts.
In contrast, energy stocks declined as oil prices fell amid ongoing discussions of a potential ceasefire between Israel and Lebanon.
In economic data, the Chicago Fed National Activity Index dropped to -0.40 in October, down from -0.27 and below expectations of -0.20. Meanwhile, the Dallas Fed&#8217;s Texas manufacturing index improved to -2.7 in November, up from -3 but slightly missing forecasts of -2.4.
Most S&amp;P 500 sectors rose, led by real estate, materials, and consumer discretionary, while energy and tech lagged.
The Dow Jones Industrial Average was up 0.99% and closed at 44,736.57, the S&amp;P 500 gained 0.30% to 5,987.40, and the Nasdaq Composite rose 0.27% to finish at 19,054.84.
Asia Markets Today
<ul>
<li>On Tuesday, Japan&#8217;s Nikkei 225 declined 0.84% and ended the session at 38,411.50, led by losses in the Power, Automobiles &amp; Parts, and Railway &amp; Bus sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.69% and ended the day at 8,359.40, led by losses in the Energy, Gold, and Financials sectors.</li>
<li>India&#8217;s Nifty 50 slid 0.12% to 24,192.95, while the Nifty 500 gained 0.05%, closing at 22,564.00. The decline was led by losses in the Power, Auto, and Oil and gas sectors.</li>
<li>China&#8217;s Shanghai Composite declined 0.12% to close at 3,259.76, and the Shenzhen CSI 300 fell 0.21%, finishing the day at 3,840.18.</li>
<li>Hong Kong&#8217;s Hang Seng rose 0.04% and closed the session at 19,159.20.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was down 0.77%.</li>
<li>Germany&#8217;s DAX fell 0.54%.</li>
<li>France&#8217;s CAC declined0.72%.</li>
<li>FTSE 100 index traded lower by 0.40%</li>
</ul>
Commodities at 05:30 AM ET
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<li>Crude Oil WTI was trading higher by 0.97% at $69.61/bbl, and Brent was up 0.88% at $73.14/bbl.</li>
<li>Natural Gas slid 0.26% to $3.434.</li>
<li>Gold was trading higher by 0.55% at $2,657.40, Silver was up 1.02% to $30.972, and Copper fell 0.10% to $4.1550.</li>
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US Futures at 05:30 AM ET
Dow futures declined 0.04%, S&amp;P 500 futures were down 0.02% and Nasdaq 100 futures slid 0.01%.
Forex at 05:30 AM ET
The U.S. dollar index fell 0.01% to 106.82, the USD/JPY was down 0.27% to 153.80, and the USD/AUD rose 0.21% to 1.5407.
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Asia And Europe Markets Dip, Crude Oil And Gold Gain - Global Markets Today While US Slept

Loop Capital analyst Garik Shmois downgrades Summit Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Hold and lowers the price target from $54 to $52.5.

Downgrades

Price Target

Analyst Ratings

Loop Capital Downgrades Summit Materials to Hold, Lowers Price Target to $52.5

Preliminary Fiscal Year 2025 Financial Guidance:
For fiscal year 2025, excluding the patch pump program, the Company expects:
<figure class="table"> 
<table>
<tbody>
<tr>
<td>Dollars in millions, except percentages and per share data</td>
<td>&nbsp;</td>
<td>&nbsp;</td>
</tr>
<tr>
<td>Reported Revenues</td>
<td colspan="2">$1,093 - $1,110</td>
</tr>
<tr>
<td>Reported Revenue Growth (%)</td>
<td colspan="2">(2.7)% - (1.2)%</td>
</tr>
<tr>
<td>Impact of F/X (%)</td>
<td colspan="2">(0.6)%</td>
</tr>
<tr>
<td>Impact of Italian Payback Measure (1) (%)</td>
<td colspan="2">0.4%</td>
</tr>
<tr>
<td>Adjusted Constant Currency Revenue Growth (%)</td>
<td colspan="2">(2.5)% - (1.0)%</td>
</tr>
<tr>
<td>Adjusted Gross Margin (%)</td>
<td colspan="2">63.25% - 64.25%</td>
</tr>
<tr>
<td>Adjusted Operating Margin (%)</td>
<td colspan="2">29.00% - 30.00%</td>
</tr>
<tr>
<td>Adjusted Earnings per Diluted Share</td>
<td colspan="2">$2.70 - $2.90</td>
</tr>
<tr>
<td>Adjusted EBITDA Margin (%)</td>
<td colspan="2">35.50% - 36.50%</td>
</tr>
</tbody>
</table>
</figure>

Earnings

Guidance

Health Care

General

EMBC

Embecta Says For Fiscal Year 2025, Excluding The Patch Pump Program, Revenues Are Expected To Be $1.093B-$1.11B Vs. Consensus Of $1.12B, With Adjusted EPS Of $2.70-$2.90 Vs. Consensus Of $2.27

CGI Achieves Microsoft-Verified Managed XDR Solution Status, Enhancing Cybersecurity Services

<ul>
<li>Low single-digit decline in net sales year-over-year</li>
<li>Adjusted EBITDA in the range of $225 million to $235 million</li>
</ul>

American Woodmark Projects FY25 Net Sales To Decline In Low Single Digits; Adjusted EBITDA Of $225M - $235M

<ul>
<li>The Company currently expects to incur total pre-tax charges of between $35 million and $45 million in fiscal year 2025 related to the restructuring plan, consisting of between $25 million and $30 million in pre-tax, cash charges for planned workforce reductions and other associated costs from the discontinuation of the patch pump program, and between $10 million and $15 million in pre-tax, non-cash charges for asset impairments and write-offs. Note, these preliminary estimates may be revised following the completion of the ongoing analysis of the expected additional pre-tax non-cash charges associated with the implementation of the restructuring plan.</li>
<li>The Company expects the restructuring plan to be substantially complete during the first half of fiscal year 2025 and expects the discontinuation of the patch pump program and organizational restructuring plan to generate annualized pre-tax cost savings of between $60 million and $65 million. Given the organizational restructuring plan, the Company has decided to postpone the previously announced Analyst &amp; Investor Day to Spring 2025.</li>
</ul>

Embecta To Discontinue Insulin Patch Pump Program And Initiate An Organizational Restructuring Plan

Buybacks

American Woodmark Board Approved An Additional $125M Authorization For Future Share Repurchases

The most oversold stocks in the communication services sector presents an opportunity to buy into undervalued companies.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi">RSI is below 30</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.
Here's the latest list of major oversold players in this sector, having an RSI near or below 30.
<h3 class="wp-block-heading">Cumulus Media Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMLS#NASDAQ">CMLS</a>)</h3>
<ul>
<li>On Nov. 1, Cumulus Media posted worse-than-expected third-quarter results. Mary G. Berner, President and Chief Executive Officer of Cumulus Media, said, &#8220;During the third quarter, we delivered revenue and EBITDA in-line with pacing commentary and analyst estimates. Given the market challenges, we maintained our focus on what we can control. Specifically, we continued investing to drive growth in our digital businesses, including in digital marketing services which increased revenue nearly 40% in the quarter; capitalizing on areas of improvement in national and political ad spending; maximizing operating cash flow; and improving operating leverage through ongoing expense reductions.&#8221; The company's stock fell around 42% over the past month and has a <a href="https://www.benzinga.com/quote/CMLS">52-week low of $0.70</a>.</li>
<li>RSI Value: 25.88&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMLS Price Action: Shares of Cumulus Media fell 3.3% to close at $0.70 on Monday.</li>
<li>Benzinga Pro's real-time newsfeed alerted to latest <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">CMLS news</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="897" height="830" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png" alt="" class="wp-image-665108" style="width:721px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272.png 897w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-300x278.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062901/image-272-768x711.png 768w" sizes="(max-width: 897px) 100vw, 897px" /></a></figure>
<h3 class="wp-block-heading">Beasley Broadcast Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BBGI#NASDAQ">BBGI</a>)</h3>
<ul>
<li>On Nov. 5, Beasley Broadcast Group reported a quarterly loss of $2.33 per share.  Caroline Beasley, Chief Executive Officer, said, &#8220;Beasley delivered third quarter net revenue of $58.2 million and same-station revenue growth of 0.5%, driven by strong political advertising revenue and a 11.7% increase in same-station digital revenue. The ongoing success of our digital transformation strategy continues to serve as an important offset to continued challenges in the audio advertising spot market.&#8221; The company's stock fell around 31% over the past month and <a href="https://www.benzinga.com/quote/BBGI">has a 52-week low</a> of $7.66.</li>
<li>RSI Value: 23.76</li>
<li>BBGI Price Action: Shares of Beasley Broadcast jumped 11.7% to close at $9.25 on Monday.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">trend in BBGI stock</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="908" height="826" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png" alt="" class="wp-image-665109" style="width:630px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273.png 908w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-300x273.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26062957/image-273-768x699.png 768w" sizes="(max-width: 908px) 100vw, 908px" /></a></figure>
<h3 class="wp-block-heading">Asset Entities Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASST#NASDAQ">ASST</a>)</h3>
<ul>
<li>On Nov. 15, Asset Entities reported third-quarter revenues of $202,921, representing a year-over-year increase from $60,135. &#8220;We are thrilled to see the strong year-over-year growth in revenue, with our recent strategic acquisitions and partnerships,&#8221; stated CEO Arshia Sarkhani. &#8220;We are optimistic for what&#8217;s ahead, as we continue executing strategic acquisitions, growth initiatives, and further collaborations and partnerships.&#8221; The company's stock fell around 37% over the past month and has a 52-week <a href="https://www.benzinga.com/quote/ASST">low of $0.51.</a></li>
<li>RSI Value: 24.21</li>
<li>ASST Price Action: Shares of Asset Entities fell 9.9% to close at $0.58 on Monday.</li>
<li>Benzinga Pro&#8217;s signals feature notified of a potential <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1">breakout in ASST shares</a>. </li>
</ul>
<figure class="wp-block-image size-full is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112624&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="898" height="837" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png" alt="" class="wp-image-665111" style="width:674px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274.png 898w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-300x280.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26063058/image-274-768x716.png 768w" sizes="(max-width: 898px) 100vw, 898px" /></a></figure>
Read This Next: 
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<li><a href="https://www.benzinga.com/markets/24/11/42174548/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
</ul>

Long Ideas

Pre-Market Outlook

ASST

BBGI

CMLS

Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In November

Longbow Research analyst David Macgregor downgrades Summit Materials (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUM#NYSE">SUM</a>) from Buy to Neutral.

Longbow Research Downgrades Summit Materials to Neutral

HC Wainwright &amp; Co. analyst Swayampakula Ramakanth reiterates IN8bio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INAB#NASDAQ">INAB</a>) with a Buy and announces $8 price target.

Reiteration

INAB

HC Wainwright & Co. Reiterates Buy on IN8bio, Announces $8 Price Target

American Woodmark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMWD#NASDAQ">AMWD</a>) reported quarterly earnings of $2.08 per share which missed the analyst consensus estimate of $2.37 by 12.24 percent. This is a 11.86 percent decrease over earnings of $2.36 per share from the same period last year. The company reported quarterly sales of $452.50 million which missed the analyst consensus estimate of $458.29 million by 1.26 percent. This is a 4.51 percent decrease over sales of $473.87 million the same period last year.

Earnings Misses

American Woodmark Q2 Adj EPS $2.08 Misses $2.37 Estimate, Sales $452.50M Miss $458.29M Estimate

Embecta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMBC#NASDAQ">EMBC</a>) reported quarterly earnings of $0.45 per share which beat the analyst consensus estimate of $0.36 by 25 percent. The company reported quarterly sales of $286.10 million which beat the analyst consensus estimate of $277.00 million by 3.29 percent. This is a 1.49 percent increase over sales of $281.90 million the same period last year.

Embecta Q4 2024 Adj EPS $0.45 Beats $0.36 Estimate, Sales $286.10M Beat $277.00M Estimate

HC Wainwright &amp; Co. analyst Sean Lee reiterates Plus Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSTV#NASDAQ">PSTV</a>) with a Buy and announces $8 price target.

PSTV

HC Wainwright & Co. Reiterates Buy on Plus Therapeutics, Announces $8 Price Target

Jefferies analyst Yaron Kinar downgrades Everest Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EG#NYSE">EG</a>) from Buy to Hold and raises the price target from $420 to $429.

Jefferies Downgrades Everest Group to Hold, Raises Price Target to $429

HTHT

H World Sees Q4 Revenue Growth Of 1%-5% YoY, And Also In The Range Of 1%-5% Excluding DH

DA Davidson analyst Kurt Yinger downgrades GMS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GMS#NYSE">GMS</a>) from Buy to Neutral and announces $97 price target.

DA Davidson Downgrades GMS to Neutral, Announces $97 Price Target

Rumble Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) saw a 5.75% rise in pre-market trading on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, following the announcement of a new Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy.&nbsp;
What Happened:&nbsp;According to an announcement made&nbsp;Monday, Rumble&#8217;s board has<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition"> approved a plan</a> to invest a portion of its surplus cash reserves into Bitcoin, aligning with the cryptocurrency&#8217;s record-breaking performance.
Meanwhile, Bitcoin dropped to 92,325.34 during pre-market hours after failing to break the $100,000 level. 
The strategy involves potential&nbsp;investments of up to $20&nbsp;million, with the company having discretion over the timing and amount. This could translate to acquiring approximately 212 Bitcoins at current market prices. However, the management will determine the actual purchase based on market conditions and Bitcoin&#8217;s price.
This move is part of Rumble&#8217;s broader strategic initiative to explore the cryptocurrency market. The decision reflects a growing trend among companies to diversify their treasury holdings with digital assets, especially during periods of significant price movements in the crypto market.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42152947/satellite-images-reveal-north-korea-reportedly-receiving-illicit-oil-from-russia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from Russia</a>
Why It Matters: Rumble&#8217;s decision to invest in Bitcoin is part of a broader strategy to expand its presence in the digital landscape. Recently, <a href="https://benzinga.com/24/11/42171771/why-rumble-stock-is-rising-monday-laser-focused-on-gaming-crypto-expansion">Rumble announced a partnership </a>with popular streamer Dr. Disrespect, who will provide exclusive content to Rumble Premium and lead Rumble Gaming as an advisor. This move underscores Rumble&#8217;s commitment to gaming and cryptocurrency expansion.
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and some other companies that hold Bitcoin have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls">experienced a downward pull</a> after Bitcoin&#8217;s slump.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a></li>
</ul>
Image via Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Equities

$BTC

MARA

MSTR

Rumble Stock Rises In Tuesday Pre-Market After Adopting Bitcoin Treasury Strategy As BTC Retreats

H World Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTHT#NASDAQ">HTHT</a>) reported quarterly earnings of $0.61 per share which missed the analyst consensus estimate of $0.69 by 11.59 percent. This is a 5.17 percent increase over earnings of $0.58 per share from the same period last year. The company reported quarterly sales of $918.00 million which missed the analyst consensus estimate of $933.86 million by 1.70 percent. This is a 6.62 percent increase over sales of $861.00 million the same period last year.

H World Group Q3 Adj $0.61 Misses $0.69 Estimate, Sales $918.00M Miss $933.86M Estimate

DA Davidson analyst Jeff Rulis upgrades First Interstate BancSys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FIBK#NASDAQ">FIBK</a>) from Neutral to Buy and raises the price target from $32 to $42.

Upgrades

FIBK

DA Davidson Upgrades First Interstate BancSys to Buy, Raises Price Target to $42

HC Wainwright &amp; Co. analyst Andres Maldonado maintains Scholar Rock Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SRRK#NASDAQ">SRRK</a>) with a Buy and raises the price target from $40 to $50.

SRRK

HC Wainwright & Co. Maintains Buy on Scholar Rock Holding, Raises Price Target to $50

Barclays analyst Andrew Lobbenberg maintained a Sell rating on Wizz Air Holdings (WIZZ – Research Report) today and set a price target of £12.00. T...

Wizz Air Holdings (WIZZ) Gets a Sell from Barclays

Wizz Air Holdings Plc (WZZAF) Q2 2025 Earnings Call Transcript

Wizz Air Holdings (GB:WIZZ) has released an update. Wizz Air Holdings announced that as of October 31, 2024, it has over 103 million ordinary share...

Wizz Air Holdings Updates Share Capital and Voting Rights

Bernstein analyst Alex Irving maintained a Buy rating on Wizz Air Holdings (WIZZ – Research Report) on November 8 and set a price target of p4,250....

Buy Rating for Wizz Air Holdings: Undervaluation and Growth Potential Amid Challenges

Wizz Air Holdings (GB:WIZZ) has released an update. Artisan Partners Limited Partnership has reduced its voting rights in Wizz Air Holdings Plc to ...

Artisan Partners Adjusts Stake in Wizz Air Holdings

Wizz Air Holdings (GB:WIZZ) has released an update. Wizz Air Holdings announced the granting and amendment of awards under its Omnibus Share Plan, ...

Wizz Air Aligns Leadership Incentives with Growth Goals

Wizz Air Stock Has Huge Upside On Capacity Recovery Prospects

Wizz Air Holdings (GB:WIZZ) has released an update. Wizz Air Holdings has disclosed a recent share transaction by Veronika Jung, a People Officer a...

Wizz Air's Share Transaction Sparks Investor Interest

Wizz Air Holdings (GB:WIZZ) has released an update. Wizz Air Holdings has announced a transaction involving the transfer of 560,000 ordinary shares...

Wizz Air Shares Transferred in Strategic Custodial Shift

Wizz Air Holdings (GB:WIZZ) has released an update. Wizz Air Holdings announced that its Chief Financial Officer, Ian Ogden Malin, has acquired ord...

Wizz Air CFO Acquires Shares Signaling Confidence

WZZZY

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>

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