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Wizz Air cuts annual profit forecast

By Thomson Reuters Jan 30, 2025 | 1:12 AM

(Reuters) – Wizz Air cut its annual net income forecast on Thursday, as the European low-cost airline grapples with costs related to the grounding of planes due to engine issues and economic uncertainties.

The London-listed carrier now expects net income in the range of 250 million and 300 million euros ($312.39 million) for the year ending March, compared to its earlier forecast of between 350 million and 450 million euros.

($1 = 0.9603 euros)

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H K)