Latest news with #WizzAirHoldings
Arabian Business
2 days ago
- Business
- Arabian Business
Wizz Air to exit Abu Dhabi by September 2025: Refunds and final UAE flight dates revealed
Wizz Air has announced it will suspend operations in Abu Dhabi as it refocuses business away from the UAE. The low-cost carrier said it will strategically look to European markets, following a review of market dynamics. Wizz Air Abu Dhabi will suspend all flights from September 1. Wizz Air suspends Abu Dhabi flights A statement from Wizz Air said: 'Wizz Air Holdings PLC today announces a strategic realignment that reinforces the Company's core strength and focus in Central and Eastern Europe and select Western European markets. 'This decision follows a comprehensive reassessment of market dynamics, operational challenges, and geopolitical developments in the Middle East. 'As a result of the suspension of Wizz Air Abu Dhabi operations as part of this strategic realignment, Wizz Air will suspend all locally based flight operations effective September 1, 2025 and intends to exit from the joint venture going forward and will focus on its core markets. Wizz Air Holdings PLC ('Wizz Air') today announces a strategic realignment that reinforces the Company's core strength and focus in Central and Eastern Europe and select Western European markets. This decision follows a comprehensive reassessment of market dynamics, operational… — Wizz Air (@wizzair) July 14, 2025 'Wizz Air Abu Dhabi has faced increasing operational challenges over the past year, including: • Engine reliability constraints, particularly in hot and harsh environments, which have impacted aircraft availability and operational efficiency • Geopolitical volatility, which has led to repeated airspace closures and operational disruptions across the region, as well as wreaking consumer demand • Regulatory barriers, which have limited the Company's ability to access and scale in key markets 'These factors have significantly impacted the viability of Wizz Air's ultra-low-cost model in the region and its ability to deliver profitability in line with its core European operations. 'Wizz Air will intensify its focus on its core Central and Eastern European markets, as well as select Western European countries such as Austria, Italy and the UK. 'This strategic realignment to core markets will enable the Company to redeploy resources to regions with greater long-term potential for sustainable growth and profitability. 'Wizz Air remains committed to delivering affordable, efficient, and sustainable air travel, while maintaining a disciplined approach to capital allocation and focus on shareholder value creation'. József Váradi, CEO of the low-cost carrier, said: 'We have had a tremendous journey in the Middle East and are proud of what we have built. I thank our highly dedicated employees for their relentless efforts and commitment for developing the WIZZ brand in new and dynamic markets. 'However, the operating environment has changed significantly. Supply chain constraints, geopolitical instability, and limited market access have made it increasingly difficult to sustain our original ambitions. 'While this was a difficult decision, it is the right one given the circumstances. We continue to focus on our core markets and on initiatives that enhance Wizz Air's customer proposition and build shareholder value.' The airline's passengers with existing bookings beyond August 31, 2025 will be contacted directly via email with options for refunds or alternative travel arrangements it said.
Observer
2 days ago
- Business
- Observer
Wizz Air Abu Dhabi to cease operations from Sept 1
Muscat: Wizz Air Holdings (Wizz Air) on Monday announced a strategic realignment that reinforces the company's core strength and focus in Central and Eastern Europe and select Western European markets. This decision follows a comprehensive reassessment of market dynamics, operational challenges, and geopolitical developments in the Middle East. As a result of the suspension of Wizz Air Abu Dhabi operations as part of this strategic realignment, Win Air will suspend all locally based flight operations effective September 1, 2025, and intends to exit from the Joint venture going forward and will focus on its core markets, the official statement said. While popular for offering ultra low fares to popular tourist destinations,Wizz Air Abu Dhabi has faced increasing operational challenges over the past year, including, engine reliability constraints, particularly in hot and harsh environments, which have impacted aircraft availability and operational efficiency; geopolitical volatility, which has led to repeated airspace closures and operational disruptions across the region, as well as wreaking consumer demand; regulatory barriers, which have limited the company's ability to access and scale in key markets. These factors have significantly impacted the viability of Wizz Air's ultra-low-cost model in the region and its ability to deliver profitability In line with its core European operations. Win Air will intensify its focus on its core Central and Eastern European markets, as well as select Western European countries such as Austria, Italy and the UK, the company said. This strategic realignment to core markets will enable the company to redeploy resources to regions with greater long-term potential for sustainable growth and profitability. Jersof CEO of Wizz Air, said, "We have had a tremendous Journey in the Middle East and are proud of what we have built. I thank our highly dedicated employees for their relentless efforts and commitment to developing the WIZZ brand in new and dynamic markets. However, the operating environment has changed significantly. Supply chain constraints, geopolitical Instability, and limited market access have made it increasingly difficult to sustain our original ambitions. While this was a difficult decision, it is the right one given the circumstances. We continue to focus on our core markets and on initiatives that enhance Wizz Air's customer proposition and build shareholder value." Passengers with existing bookings beyond August 31, 2025, will be contacted directly via email with options for refunds or alternative travel arrangements. Customers who booked through third-party providers are advised to contact their respective agents. The above suspensions do not affect other flights of the Wizz Air group. Wizz flight to Salalah Oman Airports recently welcomed the launch of a new direct international route operated by Wizz Air Abu Dhabi, linking Salalah Airport with Abu Dhabi International Airport. According to a statement by Oman Airports, the low-cost carrier will operate seven weekly flights between the two cities, marking a significant addition to the growing connectivity of the Dhofar Governorate, particularly during the popular Khareef season.
Business Insider
14-06-2025
- Business
- Business Insider
Wizz Air Holdings (WIZZ) Gets a Hold from Deutsche Bank
In a report released today, Jaime Rowbotham from Deutsche Bank maintained a Hold rating on Wizz Air Holdings (WIZZ – Research Report), with a price target of £17.20. The company's shares closed today at p1,118.00. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Rowbotham is a 3-star analyst with an average return of 2.0% and a 53.96% success rate. Rowbotham covers the Industrials sector, focusing on stocks such as International Consolidated Airlines, EasyJet, and Deutsche Lufthansa. The word on The Street in general, suggests a Hold analyst consensus rating for Wizz Air Holdings with a p1,507.00 average price target, representing a 34.79% upside. In a report released on June 6, J.P. Morgan also maintained a Hold rating on the stock with a £14.00 price target. The company has a one-year high of p2,512.00 and a one-year low of p1,101.00. Currently, Wizz Air Holdings has an average volume of 679.6K. Based on the recent corporate insider activity of 25 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WIZZ in relation to earlier this year.
Business Insider
09-06-2025
- Business
- Business Insider
Barclays Keeps Their Sell Rating on Wizz Air Holdings (WIZZ)
Barclays analyst Andrew Lobbenberg maintained a Sell rating on Wizz Air Holdings (WIZZ – Research Report) today and set a price target of £9.00. The company's shares closed last Friday at p1,174.00. Confident Investing Starts Here: Lobbenberg covers the Industrials sector, focusing on stocks such as Deutsche Lufthansa, International Consolidated Airlines, and Aegean Airlines. According to TipRanks, Lobbenberg has an average return of 2.0% and a 50.84% success rate on recommended stocks. In addition to Barclays, Wizz Air Holdings also received a Sell from Jefferies's Jaina Mistry in a report issued on June 5. However, on June 6, J.P. Morgan maintained a Hold rating on Wizz Air Holdings (LSE: WIZZ). The company has a one-year high of p2,548.00 and a one-year low of p1,135.00. Currently, Wizz Air Holdings has an average volume of 617.2K. Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WIZZ in relation to earlier this year.
Business Insider
07-06-2025
- Business
- Business Insider
Wizz Air Holdings (WIZZ) Receives a Hold from Kepler Capital
In a report released on June 5, Marc Zeck from Kepler Capital maintained a Hold rating on Wizz Air Holdings (WIZZ – Research Report), with a price target of p1,600.00. The company's shares closed yesterday at p1,174.00. Confident Investing Starts Here: Zeck covers the Industrials sector, focusing on stocks such as Kuehne + Nagel International AG, DHL Group, and DSV A/S. According to TipRanks, Zeck has an average return of 13.3% and a 70.97% success rate on recommended stocks. In addition to Kepler Capital , Wizz Air Holdings also received a Hold from J.P. Morgan's Harry Gowers in a report issued yesterday. However, on June 5, Bernstein maintained a Buy rating on Wizz Air Holdings (LSE: WIZZ). Based on Wizz Air Holdings' latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of p1.81 billion and a net profit of p317.7 million. In comparison, last year the company earned a revenue of p1.82 billion and had a net profit of p344 million Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of WIZZ in relation to earlier this year.
