Even if it doesn’t show in today’s share price, good news as Wizz Air’s cooperation deepens!
A three-year agreement was signed at the end of 2023, with an expected revenue of 1.1–1.6 MSEK over three years. Now, the new agreement would bring an estimated 4.2–5.8 MSEK in revenue annually – meaning a nice increase in billable revenue.
I would see this contract update as a positive recognition - Aventus and Sigma, which have been in trial use, have clearly proven to be functional and valued. Hopefully, they will also attract interest from other airlines.