Wizz Air reported a 23pc drop in shares following the grounding of 37 aircraft awaiting engine repairs due to the ongoing Pratt & Whitney inspection issue.
The airline anticipates that 34 aircraft will still be grounded by the end of the first half of the 2026 financial year, with repairs expected to take around 300 days.
Operating profit for the financial year ending on March 31 fell by 61.7pc to 167.5m, falling short of the 246m euros projected by analysts.
Chief Executive Jozsef Varadi stated that the airline will face impacts from engine repair issues for another two to three years.
Analysts noted potential additional costs linked to the retirement of Wizz’s A320ceo fleet next year while the airline did not provide guidance for 2026 due to limited visibility.
Jozsef Varadi shared: “You look at the performance of the supply chain, of the industry, and there are cracks all over the place. 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. The company would not provide guidance for 2026 at this stage of the year, citing limited visibility.”
