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Wizz Air Falls on Muted Outlook as Fare War Heats Up

  • CEO optimistic about first-half bookings at discount airline
  • 2019 profit forecast of 350 million euros misses estimates
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Wizz Air CEO Jozsef Varadi discusses his 2020 outlook and how Brexit might impact the airline.(Source: Bloomberg)
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Wizz Air Holdings Plc dropped after saying its outlook is clouded by stiff competition for passengers and a potential threat from air-traffic control strikes.

Profit will still rise this year, to as much as 350 million euros ($390 million), as the Hungarian discount carrier seeks to grab market share from rivals battling higher fuel costs. Investors had hoped for more, according to Morgan Stanley, and Wizz Air stock fell as much as 6.9%.