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Wizz Air’s Profit Plunge Amid Fuel Surge | Liverpool News
Description
Wizz Air’s latest quarter hit a rough patch with an $183 million operating loss, fueled by soaring jet fuel costs that jumped 39% year-over-year — driven by Brent crude hitting over $120 a barrel. While passenger numbers rose 25% and revenue edged up, the airline’s pivot to shorter European routes and canceled Middle East flights reflects broader industry strain. Competitors like easyJet and Ryanair are also feeling the pinch as geopolitical tensions and volatile oil prices continue to disrupt operations. Despite booking growth, the CEO warns ahead of tougher months ahead.
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