No recommendation
No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.
(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.
The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.