4th Mar 2026 18:27
(Alliance News) - Wizz Air Holdings PLC on Wednesday said ongoing disruption in the Middle East is expected to reduce its financial 2026 net profit by around EUR50 million, pushing earnings below its previous guidance.
The low-cost airline said roughly one-third of the estimated impact stems from the cessation of certain scheduled services to the Middle East. The remaining two thirds relates to adverse macroeconomic movements linked to the Iran conflict.
Wizz Air said its assessment of the macroeconomic impact is based on current jet fuel prices and the US dollar to euro exchange rate, assuming these remain at present levels for the remainder of the financial year.
As a result, the company expects reported net profit for the financial year 2026 to fall below the guidance issued on January 29, when it said profit was expected to be in the range of positive EUR25 million to negative EUR25 million.
The airline said it will update the market as appropriate and will announce its 2026 financial results on June 11.
Wizz Air operates a fleet of 260 Airbus A320 and A321 aircraft and carried 63.4 million passengers in the 2025 financial year.
Shares in the airline closed up 2.8% at 1,102.00 pence in London on Wednesday, clawing back some losses after tumbling around 9% since Friday's close following US-Israel strikes on Iran and Tehran's retaliatory attacks on Gulf countries.
By Eva Castanedo, Alliance News reporter
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