Wizz Air drops 13% after second profit warning in six months By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
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Source: Investing.com
Wizz Air's Financial Challenges: Wizz Air has revised its annual net income forecast downward for the second time in six months, now expecting between 250 million and 300 million euros due to rising costs from engine-related groundings affecting 20% of its fleet.
Impact on Operations and Share Performance: The airline reported a third-quarter operating loss of 75.9 million euros, significantly worse than analysts' expectations, leading to an over 11% drop in share prices as it struggles with ongoing operational disruptions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
