Whoosh cuts 6.7% in half-year loss, boosts Latin America growth
Whoosh reported a 6.7% reduction in its first-half 2026 net loss to 1.77 billion rubles, with a 4% increase in revenue to 5.56 billion rubles and a 43% rise in EBITDA to 1.44 billion rubles, driven by expansion into Latin America and operational optimizations.
Consensus
- Whoosh's net loss for the first half of 2026 was 1.77 billion rubles.
- Whoosh's revenue for the first half of 2026 increased by 4% to 5.56 billion rubles.
- EBITDA for the first half of 2026 rose by 43% to 1.44 billion rubles.
- The company's EBITDA margin reached 26%.
- Whoosh expanded operations into Latin America, with revenue from the region growing by 22% to 1.13 billion rubles.
- Whoosh reduced its fleet in Russia and the CIS by over 6% as part of a strategic shift to more profitable markets.
- The company optimized repair processes and cost control for fleet restoration.
- Whoosh launched its service in Mexico in June 2026.
- The company's stock price rose 5.05% on the Moscow Exchange after the Mexico launch announcement.
- Shareholders approved the recommendation not to pay dividends for 2025.
Points of divergence
- Whoosh reduced trips in Russia and the CIS by 3% in the first half of 2026. — vedomosti
- Whoosh maintained revenue in Russia and the CIS at the previous year's level despite a fleet reduction of over 6%. — kommersant
- The company cited reallocation of fleet to more profitable markets as the reason for reduced trips in Russia and the CIS. — vedomosti
- The company attributed the stable revenue in Russia and the CIS to more precise fleet distribution and increased average trip duration. — kommersant
- Mexico has potential comparable to Moscow due to high building density and developed cycling infrastructure. — vedomosti
- Whoosh was founded in 2018 by former S7 Airlines executives Dmitry Chuyko, Yegor Bayandin, Oleg Zhuravlev, and Sergey Lavrentyev. — kommersant
Coverage (2 sources)
- Whoosh reduced billion-dollar net loss by 6.7% in half a year — Ведомости
- Whoosh revenue grew by 4% in the first half of the year — Коммерсантъ