Wizz Air Tackles Engine Issues With New Pratt & Whitney Deal, Sets Stage For Recovery
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 31 2024
0mins
Source: Benzinga
Wizz Air's Agreement with Pratt & Whitney: Wizz Air has signed a new agreement with Pratt & Whitney to address ongoing issues with PW1100G-JM engines, which will keep around 40 Airbus A320NEO planes grounded until fiscal 2026. The deal includes operational support and compensation for costs related to these grounded aircraft.
Fleet Expansion Plans: Despite the engine setbacks, Wizz Air aims to grow its fleet by adding 50 new Airbus A321NEO aircraft in fiscal 2026, increasing seat capacity by 20% and enhancing the proportion of fuel-efficient planes in its fleet to 77%.
Analyst Views on RTX
Wall Street analysts forecast RTX stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for RTX is 195.77 USD with a low forecast of 168.00 USD and a high forecast of 215.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
9 Buy
5 Hold
0 Sell
Moderate Buy
Current: 196.340
Low
168.00
Averages
195.77
High
215.00
Current: 196.340
Low
168.00
Averages
195.77
High
215.00
About RTX
RTX Corporation is an aerospace and defense company, which provides advanced systems and services for commercial, military, and government customers worldwide. The Company operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. Collins Aerospace segment provides technologically advanced aerospace and defense products and aftermarket service solutions for civil and military aircraft manufacturers, commercial airlines, and regional, business and general aviation, as well as for defense and commercial space operations. The Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers. The Raytheon segment provides defensive and offensive threat detection, tracking and mitigation capabilities for the United States and foreign government and commercial customers. The Raytheon designs, develops, and provides advanced capabilities in integrated air and missile defense, smart weapons, missiles and others.
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.
