Wizz Air reports FY2016/17 Q3 results

Wizz Air Holdings has reported that its total revenue increased 9.9% to €341.1 million: Ticket revenues increased 2.5% to €191.8 million; ancillary revenues grew 21.0% to €149.4 million. Reported net profit for the period (IFRS) was a record €32.5 million in Q3, a year on year increase of 107.8%. Underlying net profit for the period was €13.5 million in Q3, a year on year decrease of 21.5%. Total cash at the end of December 2016 was €892.0 million of which €746.8 million was free cash. The airline reports that total unit revenue declined 9.4% to 3.31 euro cents per available