Wizz Air issues profit warning amid Middle East turmoil
Travel interruptions, rising fuel costs and a weakening euro linked to the Iran conflict have led the budget carrier Wizz Air to issue a profit warning for the period.
Wizz Air told shareholders yesterday that it expects the present Middle East crisis to erase €50 million from this year’s earnings forecast for the company overall.
Earlier, Wizz had projected results ranging from a €25 million profit to a €25 million loss for the fiscal year, so the new alert indicates a full‑year deficit for the company.
The airline told the market:
Regarding the anticipated effect, about one‑third stems from the suspension of several scheduled routes to the Middle East in the region, while the balance is due to unfavorable shifts in macro‑economic conditions caused by the Iran hostilities overall for the airline.
Our evaluation of these macro‑economic influences relies on current jet‑fuel prices and US‑/‑euro exchange rates, assuming they will stay still at levels throughout the remainder of fiscal year 2026 for the company as projected in total.
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