Wizz Air, internet earnings down 21% resulting from engine issues | EUROtoday

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Wizz Air reported a 21.3% drop in internet revenue within the six months to 30 September to 315.2 million euros from 400.7 million in the identical interval final yr and expects to finish the yr with internet earnings in a variety between 350-450 million euros. Operating revenue additionally fell by 33.2% resulting from ongoing engine inspection issues that grounded Airbus’ A321neo plane, mixed with the affect of the battle within the Middle East on the provider.

The low-cost airline nonetheless has 41 planes grounded for inspections

The Hungarian low-cost firm reported an working revenue of 349.2 million euros within the first half of fiscal 2025, in comparison with a revenue of 522.9 million euros a yr earlier.

Passengers transported within the interval had been 33.3 million (33 million final yr) with a load issue of 92.4%.

“Bookings since the end of the period show no slowdown in demand and we expect positive momentum in the second half in terms of both bookings and performance, despite the difficult geopolitical situation in the Middle East,” commented Wizz Air CEO József Váradi in a notice.

As of September 30, Wizz Air had 41 planes on the bottom and over the subsequent 18 months roughly 40-45 planes are anticipated to nonetheless be within the inspection section, a decrease quantity than the 50 anticipated, with engine supply occasions of 300 days. The firm acquired an extra 8 spare engines within the first half of fiscal 2025. This was partly offset by Pratt & Whitney being accountable for the engines and Wizz Air wet-leased quite a few plane to keep up the capability supplied whereas avoiding cuts flights throughout the summer time interval, an operation which has had an affect on the rise in prices. Wizz’s outcomes observe these of Ryanair which lower its passenger progress goal for subsequent yr resulting from Boeing’s supply delays.