Wizz Air sees income hit by engine issues and grounded aircraft
Wizz Air recorded a net profit of €213.9 million in the fiscal year 2025, representing a 41.5% year-on-year decline.
The low-cost Hungarian airline also reported a comprehensive profit of €225.8m, missing its target of €250m to €300m.
EBITDA, meanwhile, came in at €1.1 billion, a decrease of €58.9m compared to the prior fiscal year.
Total revenue showed a 3.8% rise on the year, at €5.3bn, and the firm reported record traffic, amounting to 63.4 million passengers.
'I describe our fiscal year F25 with two words: resilience and transformation. In an environment where rare challenges have become recurrent, Wizz Air has evolved structurally, embedding increased flexibility into our standard operating model,' József Váradi, Wizz Air Chief Executive Officer, said in the earnings release.
Among the challenges facing the airline this fiscal year was an obligation to ground its Airbus jets because of faulty engines.
'At end of F25, there were 42 grounded aircraft due to GTF engine inspections and 3 grounded aircraft in Ukraine,' said the firm. By the end of the first half of the next fiscal year, it expects to have about 34 planes grounded.
"Wizz Air is a more resilient business today," added Váradi.
"Despite the unproductivity of a grounded fleet, we successfully delivered a second consecutive year of profitability. We have the benefit of more than a year of experience operating under these unique circumstances - conditions airlines would never experience when demand exceeds supply."
Wizz Air shares were down around 23.5% in daily trading just after 10am CEST in daily trading.
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Euronews
6 days ago
- Euronews
Wizz Air sees income hit by engine issues and grounded aircraft
Wizz Air recorded a net profit of €213.9 million in the fiscal year 2025, representing a 41.5% year-on-year decline. The low-cost Hungarian airline also reported a comprehensive profit of €225.8m, missing its target of €250m to €300m. EBITDA, meanwhile, came in at €1.1 billion, a decrease of €58.9m compared to the prior fiscal year. Total revenue showed a 3.8% rise on the year, at €5.3bn, and the firm reported record traffic, amounting to 63.4 million passengers. 'I describe our fiscal year F25 with two words: resilience and transformation. In an environment where rare challenges have become recurrent, Wizz Air has evolved structurally, embedding increased flexibility into our standard operating model,' József Váradi, Wizz Air Chief Executive Officer, said in the earnings release. Among the challenges facing the airline this fiscal year was an obligation to ground its Airbus jets because of faulty engines. 'At end of F25, there were 42 grounded aircraft due to GTF engine inspections and 3 grounded aircraft in Ukraine,' said the firm. By the end of the first half of the next fiscal year, it expects to have about 34 planes grounded. "Wizz Air is a more resilient business today," added Váradi. "Despite the unproductivity of a grounded fleet, we successfully delivered a second consecutive year of profitability. We have the benefit of more than a year of experience operating under these unique circumstances - conditions airlines would never experience when demand exceeds supply." Wizz Air shares were down around 23.5% in daily trading just after 10am CEST in daily trading.
France 24
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Euronews
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Macron meets with Indonesian counterpart to discuss defence and trade
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Subianto said that France is one of Indonesia's main partners "in the modernisation of defence equipment, including in the development of the defence industry through joint production and technology transfer." The two also discussed global issues, particularly the wars in Ukraine and the Middle East. Indonesia is seeking to upgrade and modernise its arsenal and strengthen its domestic defence industry. Subianto crisscrossed the globe after becoming defence minister, traveling to China, France, Russia, Turkey and the United States in a bid to acquire new military weapon systems as well as surveillance and territorial defence capabilities. The Indonesian Air Force currently operates a mix of fighter jets made in various countries, including the United States, Russia and the UK. Some of those aircraft have reached or will soon reach their end-of-life phase and need to be replaced or upgraded. 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