Wizz Air Exits Abu Dhabi Operations to Keep Costs in Check

Five weeks after Wizz Air Holdings Plc suffered its worst-ever stock drop as investors recoiled from rising costs, Chief Executive Officer Jozsef Varadi is putting on the brakes.

The Hungarian airline said it’s suspending its Abu Dhabi operations after more than half a decade amid persistent engine issues that have grounded aircraft, as well as geopolitical challenges and regulatory barriers. Wizz is also reviewing its aircraft needs with Airbus SE, particularly the long-range A321XRL model that has just begun entering the fleet.