Wizz Air Shares Fall After Cutting Guidance Over Iran War
A Wizz Air Holdings Plc aircraft on the tarmac at London Luton Airport in Luton, UK.
Photographer: Chris Ratcliffe/BloombergWizz Air Holdings Plc fell on Thursday following the budget carrier’s profit revision as a result of the ongoing conflict in the Middle East, which has forced airlines to suspend flights and absorb the cost of higher fuel prices.
The stock dropped as much as 7.8% in London after the Hungary-based carrier said late on Wednesday that it expects the disruption to hit its net income by €50 million ($58 million). Guidance for fiscal 2026 will fall below its previous range of anywhere from a gain of €25 million to a loss of €25 million, Wizz said in a statement.