Wizz Air expects that 45 aircraft will be grounded by the end of March due to Pratt & Whitney engine inspections.
In its summer (H1) results the airline said it has secured compensation from the OEM to cover flight disruption costs incurred and expected to be incurred.
Wizz Air expects a 20pc increase in capacity through this winter with a load factor of 90pc. Ex-fuel cost per ASK is expected to decrease, and the net profit for the year is projected to be in the range of €350-400m
Wizz Air has three aircraft stuck in Ukraine, but the engines have been recovered from two of them.
Wizz Air has temporarily suspended its capacity to Israel until the end of November ’23, but it remains flexible to redeploy capacity if the situation improves. Israel accounted for around 5-6pc of total capacity in FY24 H1.
The company expects its fleet at the end of FY24 to consist of 121 A321neo, 41 A321, 6 A320neo, and 36 A320 aircraft, totalling 204 planes. There are capital commitments for 347 A320 aircraft family in 2023-2029, 290 A320 family in 2023-2028, and 75 A321neo aircraft approved by shareholders in August 2023.
