Wizz Air Cuts Capacity Forecast
Budget carrier Wizz Air reduced its second-half capacity plans by five percent as the ongoing Iran war fuels rising fuel costs. The airline also reported stronger summer revenue performance and outlined new 2030 financial targets.
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WIZZ AIR HOLDINGS PLC reduced its second-half capacity by 5% on Thursday morning amid soaring fuel costs driven by the conflict in Iran. The budget carrier joined international peers in scaling back growth plans as aviation faces its worst cost crisis since the COVID-19 pandemic. The capacity cut follows the recent bankruptcy filing of Latvia-based airBaltic, the first European carrier to collapse under the weight of the fuel shock.
