Wizz Air Reports Significant Profit Decline

(Reuters) – Wizz Air on Thursday reported a 33.2% drop in operating profit for the first half of the year due to ongoing issues.

Key Factors Impacting Profit

• Engine Inspections: Persistent problems with engine inspections have grounded several Airbus planes.
• Middle East Conflict: The ongoing conflict in the Middle East has further impacted operations.

Financial Overview

The European budget carrier posted an operating profit of 349.2 million euros ($375.39 million) for the six months ended September 30, compared to 522.9 million euros a year earlier.

Currency Conversion

• ($1 = 0.9302 euros)