Published • loading... • Updated
Wizz Air Sees Earnings Fall After £43m Impact From Iran War
The budget airline beat operating profit forecasts as it added capacity and promotions, while net profit nearly vanished after war-related route cancellations.
- On Thursday, Wizz Air reported annual profits slumped after taking an estimated €50 million hit from the Iran war, yet the airline hailed "resilience" after flying a record 69.7 million passengers in the year to March 31, 2026.
- The Hungary-based carrier reported an operating profit of €139.7 million for the year ended March 31, exceeding analyst expectations of €88.51 million, driving shares up 4.3% this morning on the FTSE midcap index.
- One-Off costs included a 16% jump in crew expenses and March flight cancellations to Tel Aviv and Cyprus, though Wizz Air resumed Tel Aviv services by late May and expanded summer offers to Spain, Italy, Croatia, and Albania.
- Wizz Air declined to provide fiscal 2027 guidance, citing volatility in the Middle East and protracted Strait of Hormuz closure that forced suspension of routes accounting for about 5% of overall seat capacity.
- CEO Jozsef Varadi told Reuters "no one is guiding, so we are not guiding either," while Bernstein analyst Alex Irving expressed surprise at plans to persist with high capacity growth into the second half.
Insights by Ground AI
12 Articles
12 Articles
Why did Wizz Air shares just jump 10%?
Wizz Air (LSE: WIZZ) shares climbed 10% in morning trading Friday (12 June), and it looks like there are a couple of reasons. Full-year results released the day before have to be one of them, giving the stock a 6% boost. We’re looking at a gain of more than 16% in just two days. International Consolidated Airlines also rose, up 6.5% in morning trading. It seems the on-again/off-again talk of an end to the Iran conflict is lifting the whole aviat…
Wizz Air's profits almost completely disappeared in the financial year ending at the end of March, but the airline still avoided a loss.
Coverage Details
Total News Sources12
Leaning Left3Leaning Right1Center3Last UpdatedBias Distribution43% Left, 43% Center
Bias Distribution
- 43% of the sources lean Left, 43% of the sources are Center
43% Center
L 43%
C 43%
14%
Factuality
To view factuality data please Upgrade to Premium
