In a post-close trading update for the year ended 31 March 2021, Wizz Air stated that it expects a reported F21 net loss of €(570)-(590)m. With the full year underlying loss expected to be €(475)-(495)m, with the only exceptional item the loss related to discontinued fuel hedges, amounting to an estimated €(95)m. Wizz Air stressed that it maintains its investment grade balance sheet and strong liquidity position with a total cash / cash equivalents balance of €1,615m at year-end. The total cash burn in Q4 was €87m (compared versus the pro-forma cash position of €1,702m at the end of Q3, taking the