Wizz Air investors are expected to concentrate on summer bookings, progress on strategic initiatives and the latest views on higher near-term capacity growth, J.P.Morgan analysts say in a note. The budget airline is redesigning its network and cutting back from higher-cost airports. And although it is focused on productivity and reliability, the financial benefits are unlikely to shine through this year, the analysts say. The airline has guided for a 1Q income loss of 171 million euros, with analysts forecasting a 215 million euro loss. "We expect the main focus to be around pricing/demand developments for peak summer post the Middle East resolution, progress against its strategic turnaround initiatives and updated management thoughts on capacity growth into winter," J.P.Morgan says. (anthony.orunagoriainoff@dowjones.com)