Wizz Air forecasts return to profit FY24

Wizz Air is expected to make a net profit of €350 – 450 million in the current financial year subject to the absence of adverse events such as an incremental impact from the war in Ukraine or delivery delays coupled with strong demand for travel. This would be a huge improvement over the 12-months financial statement of Wizz Air where it posted a net loss of $572.8 million citing Russia-Ukraine war and rising fuel price as the reasons for loss. Wizz said it was seeing strong bookings and higher fares for summer, in line with rivals which have pointed to