Wizz Air profit drops as grounded jets test resilience

Wizz Air has posted a 41.5% drop in annual net profit, citing ongoing engine issues that grounded 42 aircraft and dented earnings. Despite record passenger numbers and a slight revenue bump to €5.3bn, profits fell short of targets, with CEO József Váradi calling the fiscal year one of “resilience and transformation.”

The low-cost carrier is navigating what it calls a “new normal” of recurring disruption, embedding more flexibility into operations as it contends with grounded Airbus jets and a volatile geopolitical landscape.

Executives in the aviation sector should take note: structural agility is fast becoming a competitive necessity, not a nice-to-have.

Read the full analysis for insights on how Wizz Air is re-engineering its business model under pressure.