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WZZZY - Wizz Air: Limited Growth Opportunities Make The Airline Uninvestable
Wizz Air Holdings PLC ADR
Wizz Air (WZZAF, WZZZY) is the leading low-cost airline in Central and Eastern Europe. Its shares are trading on London stock exchange, and US investors could acquire them on the OTC market. Before the pandemic, the airline was growing its revenues at double-digit rates and was showing solid performance in the last few years. However, the spread of COVID-19 disrupted its operations and in Q1, Wizz Air reported a decline of its revenues by 86.9% Y/Y, and in FY21, the airline is likely to report its first annual loss in nearly