Wizz Air's operating profit for the six months ending Sept. 30 dropped 33% to €349.2 million ($375 million), compared to €522.9 million in the year-ago period.
Wizz Air Abu Dhabi will not launch Airbus A321XLR operations until 2026, when crucial upgrades should have been made to the aircraft's Pratt & Whitney GTF engine.
Wizz Air posted a dramatic drop in quarterly net profit, citing the airline’s ongoing impact from geared turbofan (GTF) engine-related aircraft groundings.
Wizz Air expects to have another 45 Airbus A320neo-family aircraft grounded in 2025 due to inspections of their Pratt & Whitney geared turbofan (GTF) engines.
Wizz Air UK's Marion Geoffroy says summer operational challenges have begun earlier than usual, while the ULCC is still struggling with GTF-related groundings.
Wizz Air CEO József Váradi believes the ULCC is nearing the peak of the Pratt & Whitney GTF recall issue and is seeing improvements in shop visit times.