Wizz Air suspends guidance; FY earnings beat expectations

11th Jun 2026 07:24

(Sharecast News) - Low-cost airline Wizz Air said it had suspended guidance for 2027, citing a lack of visibility due to the Iran war, but posted better-than-expected annual earnings driven by higher capacity and cost control.

The Hungary-based carrier company reported an operating profit of €139.7m for the year to March 31, down 16.6% but beating consensus forecasts of €88.51m despite the cancellation of routes to the Middle East and Cyprus as the conflict started in February.

Core earnings rose to €1.32bn from €1.13bn a year earlier. Passenger ticket revenue increased by 8.4% to €3.16bn.

"Whilst the Iran conflict in March 2026 had the risk of negatively impacting earnings by an estimated €50m, this was largely mitigated by fuel hedges put in place prior to the conflict," the company said.

Reporting by Frank Prenesti for Sharecast.com

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