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WZZAF - Wizz Air's Hedging Loss Isn't Quite A Real Loss
Wizz Air Holdings PLC
The basic airline problem
Over here in Europe, the basic airline problem is that a lot of the airports are closed entirely, at least some countries won't allow anything but emergency or repatriation flights and there are limits on flights everywhere else. This before we even get to the idea that rather a lot of people don't fancy the idea of sitting in close contact with strangers for some hours right now. Strange how that works really.
So, in the short term at least, the airline business is pretty much screwed. Which is why most