Wizz Air's first half-year profit fell by 67 percent

Wizz Air reported a significant drop in profit for the financial half-year ending September 30, with earnings falling from €323.5 million to €108.1 million due to rising fuel costs. Despite this, revenue increased by 13.8% to €3.8 billion, and passenger numbers rose by 26.2% to 46.1 million. The company faced challenges from geopolitical tensions affecting airspace and incurred a loss of €198 million in the first quarter. However, operational performance improved in the summer, with a notable increase in flights and on-time arrivals. CEO József Váradi acknowledged strong demand but warned of a challenging winter ahead, while emphasizing Wizz Air's competitive edge.