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Wizz Air fiscal year profit drops amid GTF engine groundings, shares plummet

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Wizz Air fiscal year profit drops amid GTF engine groundings, shares plummet

Wizz Air's profits dropped over 40% in the fiscal year ending March 31, 2025, with its results impacted by the continued Pratt & Whitney geared turbofan (GTF) engine issue. As of 11:20am BST on June 5, the company's shares plummeted over 27% following the results.The company's CEO Jozsef Varadi ...

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