If you’d invested in: Wizz Air and Royal Mail
Wizz Air is the largest low-cost airline in central and eastern Europe – and it is flying high.
Wizz Air (LSE: WIZZ), the largest low-cost airline in central and eastern Europe, is flying high. Thanks to steady economic growth in the region, its full-year net profit will be at the upper end of its guided range of €250m-€270m.
Total revenue jumped by 29% year-on-year to €469.3m in the quarter to July, and pre-tax profits rose 16% to €60.5m. The airline carried 7.2 million passengers during the time an increase of more than a quarter compared to the same period last year.
Be glad you didn't...
Be glad you didn't
Royal Mail (LSE: RMG) beat expectations in its full-year results three months ago, but concern over the pension fund is weighing on the stock. The company is in the process of closing its current defined-benefit scheme and could face a nationwide strike over the changes. Weak delivery volumes have also dented investor confidence: the group's letters business is in structural decline.