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Wyzz wizzair.com Geneva , 28 January 2021 : Wizz Air Holdings Plc ( " Wizz Air " or " the Company " ) , the fastest growing European airline , today issues unaudited results for the three months to 31 December 2020 ( " third quarter " or " Q3 F21 " ) . RASK ( € cent ) Total cash ( € million ) * Press Release Three months to 31 December Passengers carried Revenue ( € million ) Underlying EBITDA ( € million ) Underlying EBITDA margin ( % ) Underlying net ( loss ) / profit for the period ( € million ) ** Underlying net ( loss ) / profit margin for the period ( % ) Statutory net ( loss ) / profit for the period ( € million ) * Statutory net ( loss ) / profit margin for the period ( % ) Ex - Fuel CASK ( € cent ) Q3 F21 RESULTS : CONTINUED FOCUS ON CASH AND COST IN THE FACE OF COVID - 19 LSE : WIZZ **** Load factor ( % ) The prior period was restated - refer to the Annual Report and Accounts 2020 for more detail . Q3 F21 underlying net loss excludes the impact of hedge losses classified as discontinued ( amounting to € 1.9 million ) resulting from the impact of Covid 19 which were materially provisioned in the first 6 months of the FY up until March 2021 . n.m .: not meaningful as variance is more than ( - ) 100 % . **** Total cash comprises cash and cash equivalents and short - term and long - term restricted cash . 2019 ( restated * ) Change 2,268,436 10,004,629 ( 77.3 % ) 2020 149.9 637.3 ( 76.5 % ) ( 40.9 ) 130.8 n.m . *** ( 27.3 ) 20.5 n.m . *** n.m . *** ( 114.5 ) 21.1 III ( 76.4 ) 3.3 n.m . *** ( 116.4 ) 21.1 n.m . *** n.m . *** ( 77.7 ) 3.3 4.57 2.27 101.8 % 2.70 3.60 ( 25.2 % ) 1,202.0 1,501.4 ( 19.9 % ) 63.1 92.5 ( 29.4ppts ) József Váradi , Wizz Air Chief Executive commented on the results : " Wizz Air continued to focus on strengthening its market position and protecting liquidity during the third quarter of F21 , where sustained government restrictions severely obstructed air travel . At the end of the quarter total cash balance stood at € 1.2bn . The Company has relentless discipline on cost and cash management whilst maximizing cash returns on the flights it operated . We carried over 2.2 million passengers with a load factor of 63.1 % . Revenue per available seat kilometre decreased less than the load factor impact as we optimized total revenue per passenger whilst delivering another strong ancillary revenue performance . On current trading and the outlook , Mr Váradi said : " We remain focused on optimising our cost structure and cash burn . Since the period end we have further enhanced our liquidity position with a 500m EUR 3 year bond issued on 19 January 2021 on favourable terms and reflecting our investment grade credit rating . Wizz Air is even better positioned to deal with the uncertainties associated with Covid 19 and now with vaccinations being rolled out across our key markets we believe 2021 will be a transition year out of the Covid - 19 crisis . The initiatives we are implementing in our business have a very singular focus : enabling the Company to emerge from the Covid - 19 context as a structural winner . Our ambition is to fully restart our operations as soon as travel restrictions reduce , at all times protecting the health of customers and employees . " Commenting on the network and fleet developments , Mr Váradi added : " We are grateful for the support of our dedicated team of employees , through which we have evolved from the Covid 19 crisis to continue to strengthen the competitive position of the Company whilst improving the financial position for the near and longer term . Our confidence has meant we have continued to invest in our fleet , in our network , and in the leadership and governance of the Company . To date , we have expanded our network with 14 bases without materially increasing our overall cost base . We have continued to renew our fleet which numbered 137 aircraft at the end of the quarter with an average fleet age of 5.5 and seat count of 203 seats . Wizz Air Holdings Plc We always aspire to put passengers first , be it in the continued development of our booking platform or in how we prioritize servicing disruptions as a result of Covid - 19 as evidenced for example by a nearly fully automated rebooking and refund process . We are especially proud to have operated the inaugural flight of Wizz Air Abu Dhabi on 15 January 2021 and as Covid 19 restrictions begin to lift , we will be delighting even more travellers with our low - prices and increased choice of destinations as we have done in the past 15 years in Europe . All these developments and strategic initiatives will enable the Company to emerge from the Covid - 19 context as a structural winner . 1