LSE - Delayed Quote • GBp Wizz Air Holdings Plc (WIZZ.L) Follow Compare 1,421.00 -12.00 (-0.84%) As of 10:40:09 AM GMT. Market Open. All News Press Releases SEC Filings All SEC Filings Corporate Changes & Voting Matters Periodic Financial Reports Proxy Statements Tender Offer/Acquisition Reports Offering Registrations Institutional owners may take dramatic actions as Wizz Air Holdings Plc's (LON:WIZZ) recent 13% drop adds to one-year losses Key Insights Institutions' substantial holdings in Wizz Air Holdings implies that they have significant influence over... Wizz Air CEO sees Pratt & Whitney engine woes lasting 4-5 years Issues with Pratt & Whitney RTX engines that have grounded some Wizz Air planes could last four or five years, the low cost carrier's chief executive said on Monday. Wizz Air said last month that it expects 40 of its planes to stay grounded through fiscal year 2026. The head of fellow Eastern European carrier AirBaltic said the Pratt & Whitney issues were hampering its growth prospects. Trending tickers: Tesla, Apple, Nippon Steel, Wizz Air Tech giants, electric vehicles and European airlines are trending on Friday. Ryanair and Wizz Air passenger numbers grow in December despite disruption The budget airlines both recorded more passengers during the festive month than in 2023. Wizz Air Tackles Engine Issues With New Pratt & Whitney Deal, Sets Stage For Recovery Wizz Air Holdings PLC (OTC:WZZZY) has entered a new agreement with Pratt & Whitney, an RTX Corporation (NYSE:RTX) unit, to address ongoing engine issues with PW1100G-JM geared turbofan engines. The airline projects around 40 Airbus A320NEO family planes will remain grounded through fiscal 2026 due to required engine inspections. Wizz Air is working with Pratt & Whitney to minimize financial and operational impacts and expedite the return of grounded aircraft. The deal includes operational suppor Wizz Air says 40 planes to stay grounded through fiscal 2026 amid engine woes The low-cost Hungarian airline said Pratt & Whitney will provide commercial support, including operational assistance and a compensation package for direct costs related to grounded aircraft, through the end of 2026. Budapest-headquartered Wizz Air, which flies an all-Airbus fleet, has had to navigate additional challenges after Pratt & Whitney in 2023 said more than 1,000 engines needed to be removed from Airbus planes and checked for microscopic cracks. In September 2023, Wizz Air had estimated a potential 10% capacity reduction in the second half of fiscal 2024, due to the inspection of Pratt & Whitney's turbofans. Airline pilots, crews voice concerns about Middle East routes LONDON (Reuters) -In late September, an experienced pilot at low-cost European airline Wizz Air felt anxious after learning his plane would fly over Iraq at night amid mounting tensions between nearby Iran and Israel. In response, Wizz Air's flight operations team told him the airway was now considered secure and he had to fly it, without giving further explanation, the pilot said. Days later, Iraq closed its airspace when Iran fired missiles on Oct. 1 at Israel. Even after rising 11% this past week, Wizz Air Holdings (LON:WIZZ) shareholders are still down 66% over the past three years While not a mind-blowing move, it is good to see that the Wizz Air Holdings Plc (LON:WIZZ) share price has gained 18% in the last three months. But over the last three years we've seen a quite serious decline. In that time, the share price dropped 66%. So the improvement may be a real relief to some. While many would remain nervous, there could be further gains if the business can put its best foot forward. Wizz Air ad banned over misleading ‘greenest’ claim The advertising watchdog found that the airline had not made clear the basis of its claim that it was ‘one of the greenest choices in air travel’. How to travel in Europe on a budget A European holiday needn't break the bank if you follow these budget travel tips. Airline to double size of £414 ‘all you can fly’ scheme Wizz Air is set to double the size of its controversial “all you can fly” scheme in a rebuke to climate campaigners who say it encourages people to make unnecessary journeys. József Váradi, the chief executive of the budget airline, plans to open up the programme to another 15,000 members in the coming weeks, after a similar number of passes sold out within two days when the scheme was launched in August. Wizz Air Holdings (LSE:WIZZ) Reports Revenue Growth Despite Earnings Decline and High Leverage Wizz Air Holdings (LSE:WIZZ) recently announced its half-year earnings, revealing a slight increase in revenue to EUR 3,066.1 million, yet a decline in net income to EUR 323.5 million compared to the previous year. Despite facing challenges such as high leverage and regulatory hurdles, the company is expanding its market presence with new routes like Milan to Abu Dhabi, leveraging the advanced Airbus A321XLR aircraft. The following discussion will delve into these developments, alongside an... Wizz Air Holdings PLC (WZZAF) (H1 2025) Earnings Call Highlights: Navigating Growth Amidst ... Wizz Air Holdings PLC (WZZAF) reports positive revenue trends and fleet expansion, despite facing cost pressures from grounded aircraft and engine inefficiencies. Wizz Air profit hit by operational challenges and Mideast conflict (Reuters) -Wizz Air on Thursday posted a bigger than expected drop in first-half net profit, hit by ongoing issues with engine inspections that grounded its Airbus planes and the impact of conflict in the Middle East. The company, which operates an all-Airbus fleet, has encountered challenges with Pratt & Whitney RTX engines, leading to the grounding of aircraft for inspections, limiting the carrier's capacity. Wizz Air expects continued GTF engine cost pressures in the second half of the year, offset by improved efficiency and a new compensation deal with Pratt & Whitney, CEO Jozsef Varadi said in a statement. Wizz Air loses challenge against EU-approved Romanian aid for TAROM Budget airline Wizz Air on Wednesday lost its challenge against a capital increase for Romanian rival TAROM funded by Romania and approved by EU competition regulators, as Europe's second-top court dismissed its arguments. Wizz Air took its case to the Luxembourg-based General Court after the European Commission said the 2 million euros ($2.15 million) in aid to offset the impact of travel restrictions linked to the COVID pandemic complied with EU state aid rules. The EU watchdog had declined to open a formal investigation into the case. Wizz Air Holdings (LON:WIZZ) shareholders are up 18% this past week, but still in the red over the last three years Wizz Air Holdings Plc ( LON:WIZZ ) shareholders should be happy to see the share price up 18% in the last week. But the... Wizz Air confirms Airbus deliveries until end of 2025 Wizz Air has confirmation of its Airbus deliveries until the end of 2025, the airline's chief executive said on Tuesday, despite questions over whether the European planemaker can meet its full-year delivery target. As plane manufacturers have struggled to keep pace with demand because of supply chain and technical issues, Airbus deliveries fell 9% in September to 50 jets compared with a year ago. "Right now, as we speak, we are reconfirmed with Airbus till the end of 2025," Wizz Air Chief Executive Jozsef Varadi told a news conference in Warsaw. Wizz Air Holdings PLC (WZZAF) Q1 2025 Earnings Call Highlights: Navigating Challenges with ... Despite facing cost pressures and competitive pricing, Wizz Air Holdings PLC (WZZAF) reports robust revenue growth and maintains a strong sustainability focus. Are low-cost airlines over? How Ryanair, EasyJet and Wizz Air are unlocking more profits, and teaching the American giants new tricks Today, budget airlines are looking to expand further, but the way they operate differs wildly on either side of the Atlantic, seeking new revenue streams in different ways. Wizz Air shares drop 6.8% amid slower fleet delivery growth Investing.com -- Wizz Air shares dropped 6.8% on Wednesday following the release of its September 2024 traffic figures. The company also held its Capital Markets Day. Performance Overview Trailing total returns as of 1/22/2025, which may include dividends or other distributions. Benchmark is FTSE 100 Return WIZZ.L FTSE 100 YTD -0.07% +5.60% 1-Year -24.46% +14.93% 3-Year -68.25% +14.44%