Struggling Wizz Air's annual profit down over 61%, misses expectation
June 5 (Reuters) - Budget carrier Wizz Air (WIZZ.L), opens new tab on Thursday reported an annual operating profit that fell short of analysts' expectations, as capacity constraints due to grounded planes and stubbornly high costs continued to weigh on performance.
Wizz Air reported an operating profit of 167.5 million euros ($191.05 million) for the financial year, down 61.7% from a year ago and missing the 246 million euros projected by analysts polled by LSEG.
European airlines have warned of longstanding delivery delays and uncertainty around maintaining post-COVID demand as the world faces economic turmoil tied to U.S. President Donald Trump's tariff threats. However, the sector has largely benefited from lower fuel prices.
Wizz Air in particular has been bogged down by Pratt and Whitney engine repair challenges, limiting its ability to grow capacity. It has issued two profit warnings in the last year.
On Thursday, the company said it would not provide guidance for 2026 at this stage of the year, citing limited visibility across its trading seasons.
($1 = 0.8767 euros)
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