Wizz Air warns of higher costs amid fuel pressures
Briefing by News4U · First published
RTÉ Business reported that Wizz Air expects a mid-single-digit percentage increase in full-year unit costs excluding fuel, citing higher labour and airport expenses on top of jet fuel prices linked to the Iran war. The airline has hedged 82% of its fuel needs this winter and 51% for April to October 2027. Net profit fell 66.6% to €108.1m in the six months to September 30, as fuel costs jumped 33.7% to €1.24 billion. CEO József Váradi said the biggest single cost in the second half of its financial year was more than €100m of incremental costs linked to the phase-out of older Airbus A320ceo jets. [1]
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- Wizz Air warns of higher costs on top of fuel pressures
RTÉ Business · · Full text