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11th July, 2025

Fitch Ratings downgrades Wizz Air



Fitch Ratings has downgraded Wizz Air’s long-term rating by one notch, from “BB+” to “BB”, citing a weak financial performance and elevated operational costs in its last financial year, the international credit-rating agency said on Thursday.

The outlook on the revised rating is stable.

Fitch noted that the airline’s revenues rose 4% year-on-year to €5.3 billion for the financial year ending in March, but still fell short of market expectations and Fitch’s own €5.5 billion forecast.

The downgrade also reflects sustained cost pressures, particularly from aircraft grounded because of defective Pratt & Whitney engines.

Sources regularly consulted, with abbreviations used in text: Népszabadság (N); Magyar Hírlap (MH); Világgazdaság (VG); Napi Gazdaság (NG); Magyar Nemzet (MN); Népszava (Nsz); Kossuth Rádió news (KR); nightly TV news (TV).

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