Wizz Air CEO sees Iran conflict impact easing from April
Wizz Air expects a 50 million euro net profit hit from the Iran conflict to ease from April. Shares fell 10% as the carrier shifts capacity for summer growth.
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Wizz Air Holdings Plc expects to limit the financial impact of the conflict in Iran to the current fiscal year ending this month, according to Chief Executive Officer Jozsef Varadi. The airline recently issued a profit warning, citing a 50 million euro ($58 million) hit to net profit due to regional instability and rising oil prices, which triggered a share price decline of up to 10%.
