Wizz Air to keep 40 planes grounded until 2026 due to engine issues

From Investing.com: 2024-12-31 03:20:38

Wizz Air signed a new support agreement with Pratt & Whitney, expecting 40 planes grounded until 2026. The Hungarian airline will receive commercial support and compensation for direct costs. Pratt & Whitney discovered microscopic cracks in over 1,000 engines, leading to potential 10% capacity reduction in fiscal 2024.

Wizz Air reported a drop in first-half profit due to ongoing engine inspection issues and Middle East conflict impact. The airline plans to return to growth with 50 new Airbus A321NEO deliveries and a 20% increase in seat capacity in 2026.



Read more at Investing.com: Wizz Air says 40 planes to stay grounded through fiscal 2026 amid engine woes By Reuters