Wizz Air Holdings has reported that unrealized foreign exchange (FX) losses, the cost of disruptions and the lower utilization in the quarter, combined with the pricing environment especially in April and May 2022 drove an operating loss of €285m for the quarter and a net reported loss of around €450m. The strength of the USD at the end of the quarter (1.04 vs. EUR) compared to the start of the quarter (1.11 vs. EUR) drove an unrealized FX loss on the company of €136m.  This is a non-cash impact.  The impact is driven by a revaluation of the USD lease liabilities on

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