WiZ Air's Profits Drop Amid Iran Conflict
The low-cost airline "Wizz Air" announced a sharp decline in its annual profits to €2.2 million, compared to €225.8 million in the previous year, amid challenges stemming from the conflict and the closure of the Strait of Hormuz. This led to a 16.6% decrease in its operating profits, which dropped to €139.7 million. The decline came after the company managed to avoid expected losses, but it was unable to predict next year's results due to geopolitical tensions.
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