Wizz Air Lowers Profit Forecast Amid Fleet Groundings, Rising Costs
- 4 Feb 2025 10:36 AM
- Budapest Business Journal

“Wizz Air has continued to navigate the complexity imposed on its operations from the ongoing grounding of some 20% of its fleet, due to the well-documented GTF engine issue. This is reflected in our unit cost performance,” CEO József Váradi said.
The airline faces operational disruptions and higher costs due to issues with Pratt & Whitney GTF engines.
Still, it remains optimistic about the coming months, particularly with a planned full return to service in Tel Aviv this summer.
European airlines are eyeing a better 2025 following a challenging 2024, marked by soaring costs, geopolitical instability, and capacity constraints, which forced some carriers to lease additional aircraft to maintain key routes.
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