The Hungarian-based company was forced to suspend all Middle East flights and reorganise its network in the past few days, significantly affecting its operations.

Analysts warn that the situation could worsen in the coming period.

Concorde Securities calculates that Wizz Air could face losses of around €150 million in the next financial year, and the figure may even rise further.

A sharp increase in fuel costs is also adding pressure, as kerosene prices have jumped by about 50% in just a few days, far exceeding the rise in crude oil prices.

Experts say the developments could lead to a turbulent period for airline stocks across Europe.

Wizz Air is considered particularly vulnerable because it has the largest exposure to the Middle East among European carriers, with about 8% of its planned 2025 departure capacity linked to the region.

Following the profit warning, Wizz Air shares, traded on the London Stock Exchange, fell by about 5% on Thursday morning.

The share price has already declined by 18% since the beginning of the year.

Wizz Extends Suspension of Flights to Middle East Due to War

Wizz Air has extended the suspension of several Middle East routes until 15 March, as the security situation in the region continues to affect air travel.

Flights to Tel Aviv in Israel, Dubai and Abu Dhabi in the United Arab Emirates, and Amman in Jordan will remain suspended for now.

The low cost airline said it continues to monitor developments closely and will restart services once it is safe to do so.

Passengers with bookings on the affected routes are being contacted directly and can choose between a refund, Wizz credits, or rebooking on alternative flights.
 

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