From Yahoo Finance: 2025-06-05 02:13:00

Budget carrier Wizz Air’s annual profits fell due to grounded planes awaiting engine repairs, with shares down 23%. 37 aircraft were grounded as of May 9, with 34 expected by the end of the first half of 2026. Chief Executive expects impact for 2-3 more years.

Operating profit for the financial year ended March 31 fell 61.7% to 167.5 million euros, missing analyst projections. London-listed shares dropped 26%, making Wizz Air the worst stock performer among European airlines. Subsidiaries in Hungary, Britain, Abu Dhabi and Malta.

European airlines face delivery delays and uncertain demand post-COVID amid economic turmoil from U.S. President Trump’s tariff threats. Wizz Air benefits from lower fuel prices, but analysts predict rising costs due to retiring A320ceo fleet next year. Company withholds guidance for 2026 due to limited visibility.

Wizz Air’s delivery schedule from Airbus pushed back, with fleet forecast to grow from 231 to 305 aircraft by end of March 2028. Previous forecast was 380 aircraft by that time. Other airlines like Lufthansa, easyJet, and British Airways-owner IAG also experienced stock declines.

Read more: Wizz Air profit slumps on grounded planes, shares tumble