Geneva, 1 February 2017: Wizz Air Holdings Plc (“Wizz Air” or “the Company”), the largest low-cost airline in Central and Eastern Europe (“CEE”), today issues unaudited results for the three months to 31 December 2016 (“third quarter” or “Q3”) for the Company as a whole, and separately for its airline (“Airline”) and tour operator (“Wizz Tours”) business units1.

PROFITABLE Q3 AND STRONG BALANCE SHEET

· Total revenue increased 9.9% to €341.1 million:

o Ticket revenues increased 2.5% to €191.8 million.

o 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.

AIRLINE AND WIZZ TOURS

The segmented reporting illustrates the financial performance of the Airline and Wizz Tours business units separately:

· Airline: Q3 performance:

o Total unit revenue declined 9.4% to 3.31 euro cents per available seat kilometre (ASK).

o Total unit costs fell by 7.0% to 3.16 euro cents per ASK.

o Ex-fuel unit costs were unchanged at 2.29 euro cents per ASK.

o Fuel unit costs fell by 21.5% to 0.87 euro cents per ASK.

o Reported net profit margin increased 4.6ppt to 9.6%.

o Underlying net profit margin fell 1.6ppt to 4.0%.

· Wizz Tours: Q3 package holiday revenues of €3.7 million, a year on year increase of 306%.

LEADING POSITION IN CENTRAL AND EASTERN EUROPE

· Passengers carried increased 20.1% to 5.7 million securing Wizz Air’s position as CEE’s leading low cost carrier.

· Network has continued to grow with the announcement of the Company’s 27th base in Varna (Bulgaria) opening in July 2017.

· Wizz Air started operating 26 new routes in Q3 and now offers more than 500 routes to/from 40 countries from 27 bases.

· Fleet increased to 74 aircraft with the addition of one A321 aircraft, the fleet mix was 63 A320s and 11 A321s.

· Average aircraft age of 4.4 years, one of the youngest fleets of any major European airline.

· Wizz Discount Club membership exceeded 1.1 million by the end of Q3, year-on-year growth of 59%.

DEVELOPMENTS DURING THE THIRD QUARTER

· Wizz Air was awarded a four year concession by the Hungarian government to connect Hungary to Macedonia, Albania, Kosovo, Montenegro and Bosnia & Hercegovina. Flights are on sale and start operating in April 2017.

· Customer offering broadened with the launch of a new fare category called “WIZZ Go”.

· Finalised the financing for three new Airbus A320 CEO and seven new Airbus A321 CEO aircraft being delivered in 2017 and 2018. With this Wizz Air secures its fleet requirements until 2018 when Wizz Air’s fleet will reach a significant and important milestone of 100 aircraft. From January 2019 Wizz Air will start taking delivery of Airbus A320 NEO family aircraft.

József Váradi, Wizz Air Chief Executive said:

“I’m pleased to report another quarter of profitable growth increasing passenger numbers by 20% year-on-year to 5.7 million in the third quarter. Wizz Air remains on track to strengthen its position during 2017 financial year through continued growth in our core markets and expansion of our network. We expect to grow capacity in terms of ASKs at 20% for the current financial year which is at the higher end of our previous guidance of 18% – 20%. And the current environment of very low fares and increasing fuel prices presents excellent trading conditions for Wizz Air to continue securing its market leadership position while maintaining industry leading profitability. Our ultra-low cost model is being reinforced with a delivery stream of brand new A321 aircraft which deliver double digit cost savings compared to A320 aircraft. By March 2018 Wizz Air will be operating 26 A321 aircraft – representing a third of the airline’s seat capacity – which will give us a clear cost advantage versus most of our rivals. This winning formula leaves Wizz Air well placed to continue to deliver significant growth and returns for our shareholders.

Although the current financial year is looking like a very good year for Wizz Air and we remain excited about our prospects for the next financial year, lower fuel prices continue to feed through to lower airfares, and this downward trend looks likely to continue well into 2017. Also, our operations this winter have been disrupted by unusually severe weather conditions in CEE. As a result, management believes it is prudent to trim the company’s guidance for net profit for the full year from the existing range of between €245 – €255 million to a range of between €225 – €235 million."