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Posted by
Two Blokes May 5 -
Filed in
Stock
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Wizz Air remains a buy despite fleet groundings, showing a 24% stock gain, while the S&P 500 lost 6.7% since my last report. Fleet growth is promising with 13 new A321neo airplanes, but 40 planes remain grounded, impacting capacity and growth. The stock is undervalued given the company's strong execution amid engine issues, with a 41% upside based on FY24 earnings.
