Wizz Air misses profit estimates, delays fleet return to 2027
The carrier said existing issues had been compounded by "poorer than specified" performance of the GTF engines, leading to significantly lower time on wing before needing an inspection.
Wizz said it had 41 aircraft grounded due to GTF engine-related inspections as of June 30, and now expects its grounded fleet to return to the air a year later than it had earlier predicted.
The carrier reported an operating profit of 27 million euros ($31.78 million) for the three months to June 30, much lower than the 87 million euros projected by analysts polled by LSEG, and down 38.3% from a year ago.
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