Partner Interview
Published September 3, 2025
Wizz Air: Growth at All Costs vs Ryanair’s Sustainable Advantage
inpractise.com/articles/wizz-air-growth-at-all-costs-vs-ryanairs-sustainable-advantage
Executive Bio
Former Executive at Wizz Air
Summary
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Interview Transcript
Disclaimer: This interview is for informational purposes only and should not be relied upon as a basis for investment decisions. In Practise is an independent publisher and all opinions expressed by guests are solely their own opinions and do not reflect the opinion of In Practise.
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I'm trying to understand what these companies and the industry might look like in 10 years and whether investors will do well. Before I start asking my questions, please go ahead and give me an overview.
If you strip away these one-off deferred tax credits, you've made zero money. Your cash is still positive because you're doing sale and leaseback of quite a lot of these aircraft. If you're looking to hold the tail of a tiger, Wizz is the one you want to be holding. If you're looking for sustainable, profitable growth, I think Ryanair wins, hands down. If Wizz has 200 aircraft and every aircraft should be making $3 million or $4 million by default, that's the magnitude of where it should be. In this case, the share price should be £50 or £60, not £11.
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