First of all, sorry for my bad English.
Is anyone following wizz air? It is a cheap flight company in Europe. I'm wondering if I should buy it. There is a 16% short ratio (maybe 25% all together) on the stock. It is extremely high. They survived the covid crisis and they bought the lowest fuel consumption flights.
Bad news: war in ukraine, one of the biggest market of wizz.
Engine problems so some planes can't fly till the repair.
Iran war.
They have tons of cash, but also a quite high debt.
They do have good seat reserves, they are expecting record high year in passenger numbers. The future kerosine is 70%ly covered.
The competitors don't have these effective flights. Also low short rate on the other flight companies.
The current wizz price is at an all time low.
I am expecting them to become a relative winner of the high kerosene prices and a short squeez.
I am interested in your opinion fellow apes.