Wizz Air cites fuel costs as profit risk

Wizz Air has warned that rising airline fuel prices due to the conflict with Iran could threaten its ability to turn a profit during the current fiscal year. The company recorded a net loss of approximately €198 million between April and June, compared to a profit of €38.4 million during the same period last year. The surge in fuel prices, which reached around $1,800 per ton following the onset of the conflict, has put significant pressure on profit margins, despite strong demand during the summer season. The company does not expect to achieve full-year profits and has noted that fuel prices remain significantly higher than pre-war levels. It also plans to revise its financial outlook for 2026-2027 and is working to strengthen its liquidity, which exceeds €2 billion, despite a 5% decline in its share price.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل