Wizz Air Holdings, which offers passenger air transportation services on scheduled short-haul and medium-haul point-to-point routes in Europe and the Middle East, has been expanding its routes throughout the decade due to its pricing structure as a low-cost airline, while limiting its services and quality as a means of driving down prices. Despite the impact of the pandemic, the company’s revenue has grown at an impressive compound annual growth rate of 15%. Wizz currently has 177 aircraft, with an average age of 4.6 years, giving the company one of the youngest fleets in Europe. Wizz Air also has a monster delivery backlog, with a total of 388 aircraft due for delivery as of December 2022. However, the business is facing short-term headwinds with inflationary conditions contributing to a decline in discretionary spending, which may lead to a slow period in the coming year. With its current premium valuation, there is limited scope for investors to be rewarded for taking this risk.