Wizz Air drops 13% after second profit warning in six months By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 30 2025
0mins
Should l Buy ?
Source: Investing.com
Wizz Air's Financial Challenges: Wizz Air has revised its annual net income forecast downward for the second time in six months, now expecting between 250 million and 300 million euros due to rising costs from engine-related groundings affecting 20% of its fleet.
Impact on Operations and Share Performance: The airline reported a third-quarter operating loss of 75.9 million euros, significantly worse than analysts' expectations, leading to an over 11% drop in share prices as it struggles with ongoing operational disruptions.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
