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HATC SAMPLE EDITION:
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6th March, 2026
Wizz Air warns of losses as war hits profits
Wizz Air has issued a profit warning due to the war involving Iran, saying the conflict could cost the airline nearly €50 million in the financial year ending March 31.
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.
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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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