Ongoing conflict in the Middle East is expected to impact Wizz Air's fiscal year net profits by around €50 million, the airline has said yesterday (March 4).
As a result, the airline's net profits will fall below its guidance released in January 2026. The guidance had assumed net profits to be within the range of a €25 million profit to a €25 million loss.
“In terms of the expected impact, approximately one third is a result of the cessation of certain scheduled services to the Middle East, with the remainder from the adverse movement in macroeconomic factors as a result of the Iran conflict,” said Wizz Air.
Wizz said the impact assessment is based on macroeconomic factors such as jet fuel and US dollar to euro exchange rates.
The airline will publish its fiscal year results on June 11.
The airline reported an operating loss of €123.9 million for the third quarter of the fiscal year, compared with a loss of €75.9 million a year earlier, driven mainly by higher depreciation associated with the planned retirement of older A320ceo-family aircraft. Net loss narrowed to €139.3 million from €241.1 million.
The airline had 33 aircraft on ground (AOG) as of the end of December, down from 40 AOGs a year earlier. The airline expects average grounds to be 30-35 aircraft through fiscal year 2026 before falling to 20 to 25 AOGs by the end of fiscal year 2027.
The airline is also building a spare engine pool of around 100 engines to support its operations ahead of summer 2026.