Wizz Air downgrades FY profit expectations, cites Iran conflict

(Sharecast News) - Wizz Air downgraded its full-year profit expectations on Wednesday, pointing to the current crisis in the Middle East. In a statement after the close of markets, Wizz said the conflict in Iran would dent its FY26 net profits by around €50m.

About a third is a result of the cessation of certain scheduled services to the Middle East, with the remainder from the adverse movement in macroeconomic factors as a result of the Iran conflict, it said.

Wizz said its assessment is based on jet fuel and US$/€ rates as of today, and assumes these will remain at current levels for the rest of 2026.

As a result, the airline expects reported net profits to be below the guidance given in January for between a net loss of €25m and a net profit of €25m.