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White, purple and navy colured Wizz air plane on a runway

Wizz Air misses profit estimates, delays return of jets

Wizz Air today missed first-quarter profit estimates as the budget airline struggles with plane groundings due to problems with Pratt and Whitney engines and warned grounded jets would return to service a year later than expected.

Business • 24 Jul

Wizz Air to exit Abu Dhabi operations

Low-cost carrier Wizz Air said today it was quitting its Abu Dhabi operation after six years to focus on its main European market, citing geopolitical instability and limited market access.

Business • 14 Jul

Wizz Air profit slumps on grounded planes, shares tumble

Budget carrier Wizz Air's grounded planes that are awaiting engine repairs took their toll on annual profits today, sending the shares down 23%

Business • 05 Jun

The airline will initially limit membership of the "prime" service to 250,000, which would earn it €19.75 million per year if fully subscribed.

Ryanair launches annual subscription service

Ryanair is to launch an annual subscription service that gives members reserved seating, insurance and access to monthly seat sales for €79 per year, it said today.

Business • 24 Mar

Within six months of the UKraine conflict ending, Wizz Air said it would restart operating bases in Kyiv and Lviv

Wizz Air aiming for restart of Ukraine flights

Wizz Air aims to restart flights to Ukraine shortly after the announcement of any ceasefire with Russia, reinstating about 30 inbound routes within six weeks, it chief executive Jozsef Varadi told Reuters.

Business • 13 Feb

Wizz has reported a third-quarter operating loss of €75.9m, compared with a loss of €180.4m a year ago

Wizz Air cuts annual profit forecast on rising costs

European low-cost airline Wizz Air has today cut its annual net income forecast for the second time in six months, as it grapples with rising costs related to the grounding of planes due to engine issues and economic uncertainties.

Business • 30 Jan

Wizz Air posted a bigger-than-expected drop in first-half profit last month

40 Wizz Air planes to stay grounded for fiscal 2026

Wizz Air said today it had signed a new support agreement with defence and aerospace firm RTX's Pratt & Whitney amid engine woes, adding that it expects 40 of its planes to stay grounded for fiscal year 2026.

Business • 31 Dec 24

Wizz Air has said safety is its top priority and it had carried out detailed risk assessments before resuming flights over Iraq and other Middle Eastern countries

Airline pilots, crews concerned about Middle East routes

An experienced pilot at low-cost European airline Wizz Air said in late September that he felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel.

Business • 11 Dec 24

Hungary-based Wizz Air carried a record 62 million passengers during the year ended in March 2024

Wizz Air expects 15-20% growth in passenger volumes

Wizz Air expects 15-20% growth in passenger volume next year, its chief executive has told Reuters, with new low-cost routes to the Middle East, such as from Europe to the United Arab Emirates, adding an extra boost.

Business • 17 Sep 24

Wizz Air expects 15-20% growth in passenger volume

Wizz Air expects 15-20% growth in passenger volume next year, its chief executive told Reuters on today, with new low-cost routes to the Middle East, such as from Europe to the United Arab Emirates, adding an extra boost.

Business • 16 Sep 24

Ryanair carried a total of 20.5 million passengers for August - a new record high

Ryanair reports record number of passengers in August

Ryanair has reported a 8% increase in passenger numbers for the month of August.

Business • 03 Sep 24

Wizz Air's operating profit in its first quarter to June 30 was €44.6m compared to the €144.3m expected by analysts

Wizz Air cuts annual forecast after Q1 profit slumps 44%

Wizz Air has today lowered its annual profit forecast after reporting a 44% drop in its first-quarter operating profit, partly owing to costs related to Pratt & Whitney engine troubles and one-off wet leases to bolster capacity.

Business • 01 Aug 24

Low-cost airline Wizz Air flies an all-Airbus fleet

Wizz Air sees delivery delays after Airbus cuts targets

Wizz Air expects further delays in deliveries of Airbus planes, but the budget carrier remains confident it can increase its capacity over the next few years, its chief executive Jozsef Varadi told Reuters.

Business • 09 Jul 24

Wizz Air reported a net profit of €365.9m for the year ended March 31, compared with a net loss of €535m a year earlier

Wizz Air swings to annual profit after three years

European low-cost airline Wizz Air has today forecast a higher annual profit on the back of a strong summer and robust travel demand, after swinging to an annual net profit after three years.

Business • 23 May 24

The €180m operating loss in Wizz Air's third quarter, which ended on December 31, was larger than last year's third quarter loss of €155m

Wizz Air's Q3 loss swells on MidEast flight disruptions

Wizz Air has today reported a bigger third-quarter operating loss than expected, as the budget carrier grapples with engine inspections that have grounded parts of its fleet and the suspension of flights due to the Middle East conflict.

Business • 25 Jan 24

Wizz Air today posted an operating profit of €522.9m for the six months to September 30, compared with a loss of €63.8m a year ago

Wizz Air narrows forecast on 'difficult' conditions

European budget carrier Wizz Air has today narrowed its annual profit forecast below analyst expectations, citing continuing macroeconomic uncertainty and difficult operating conditions, sending its share price down 6.3%.

Business • 09 Nov 23

Robert Carey President Wizz Air and Peter O Donovan CEO CarTrawler.

CarTrawler selected as Wizz Air's car rental provider

CarTrawler has been selected as airline Wizz Air's exclusive car rental provider following a tender process.

Business • 07 Nov 23

Wizz Air shares fell 6.6% in early trade today, having gained around 16% so far this year

Wizz Air shares fall as supply snags hit capacity

Wizz Air's capacity growth will be slower than expected as it grapples with supply chain and engine issues, the company said today, sending its shares down more than 6%, even as it reported higher profits in line with consensus.

Business • 03 Aug 23

Ryanair wants to dominate in the less-developed market of central and eastern Europe, which is also being targeted by Wizz Air

Ryanair aiming for 50% growth in east, central Europe

Ryanair expects passenger numbers in central and eastern Europe (CEE) to surge by at least 50% over the next decade, the airline's manager for the region said, as it looks to dominate in a less-developed market also targeted by Wizz Air.

Business • 28 Jun 23

Hungary-headquartered Wizz posted a net loss of €535m in the year to the end of March

Wizz Air forecasts return to profit in current year

European low-cost airline Wizz Air is confident that strong bookings combined with a big investment in its operations to avoid last year's summer travel snags plus its growing fleet will help it swing to a profit this year.

Business • 08 Jun 23

Wizz Air's main operations are in central and eastern Europe

Wizz Air loses fight against €62m in state aid for Blue

European budget carrier Wizz Air has lost its fight against €62m in state aid granted to its Romanian rival Blue Air after Europe's second-top court backed EU competition regulators' decision to approve the subsidies.

Business • 29 Mar 23

Wizz Air is planning to grow its service in Abu Dhabi this summer, and also increase the number of routes into Saudi Arabia to 24 from 12

Wizz Air to expand fleet, sees good growth in Mid-East

European budget carrier Wizz Air is planning to grow its fleet to above 200 aircraft next year and 500 aircraft by 2030, adding that its expansion in the Middle East offered opportunities.

Business • 22 Mar 23

Wizz Air said its revenue more than doubled to €911.7m in the three months to the end of December

Wizz Air sees strong summer, but more wary than rivals

Wizz Air is upbeat on summer demand for travel but more cautious than its competitors, forecasting a return to profit in its 2023-2024 financial year, helped by strong bookings, new capacity and the benefits of hedging fuel costs.

Business • 26 Jan 23

EasyJet has denied any wrongdoing in relation to the possible price-fixing of flights

Airlines face Italy inquiry over Sicily flight prices

Italy's antitrust regulator has opened an inquiry into possible price-fixing for flights in and out of Sicily by airlines including Ryanair, Wizz Air and EasyJet.

Business • 28 Dec 22

Wizz posted core earnings for its seasonally strong June-September quarter of €374m

Wizz Air plans to grow by 35% as travel demand holds up

Budget airline Wizz Air said it planned to grow its capacity by 35% in the six months to the end of March as demand for travel remained strong despite the pressure on household budgets from inflation.

Business • 02 Nov 22