Wizz Air Q1 results

Wizz Air has posted record profitability for the first quarter of the year with 18% passenger growth and a 9.8% increase in revenue. Ticket revenues increased 3.0% to €212.0 million, with ancillary income up by 20.8% to €152.9 million. Reported net profit (IFRS) was a record €50.7 million in Q1, a year on year increase of 54.2%. Underlying net profit was a record €38.6 million in Q1, a year on year increase of 13.9%. Total cash at the end of June 2016 was €827.7 million of which €707.1 million was classified as free cash. Wizz Air’s total unit costs fell