Wizz Air Shares Slump

Wizz Air cuts annual profit forecast on rising costs
European low-cost airline Wizz Air cut its annual net income forecast for the second time in six months on Thursday, as it grapples with rising costs related to the grounding of planes due to engine problems and economic uncertainties.
Wizz Air shares plunge after second profit warning in 6 months
Low-cost carrier Wizz Air has issued its second profit warning in six months, sending its shares down as much as 16 per cent in early trading, as it grapples with the grounding of its aircraft due to engine problems.
Wizz Air Shares Slump After Pretax Loss Widens on Higher Costs
Wizz Air booked a 160 million-euro charge related to foreign-exchange volatility, and said it has approved a hedging program to help mitigate this in future. Revenue rose to 1.18 billion euros from 1.06 billion euros, with ancillary revenue up 7.8% to 550.7 million euros. Passenger ticket revenue increased 13% to 626.2 million euros.
Wizz Air shares tank after profit warning
Wizz Air slashed its annual profit forecast on Thursday despite quarterly losses more than halving amid record passenger traffic.
Wizz Air shares slump as cuts guidance amid cost and forex pressures
"While a non-cash item, it has the potential to introduce significant volatility to our reported profitability," Varadi explained. "Given the current volatility in FX, the board has approved a hedging program to help mitigate this in the future, the timing of which is yet to be determined given current ruling exchange rates."
Wizz Air cuts annual profit forecast
Wizz Air cut its annual net income forecast on Thursday, as the European low-cost airline grapples with costs related to the grounding of planes due to engine issues and economic uncertainties. The London-listed carrier now expects net income in the range of 250 million and 300 million euros ($312.
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