Wizz Air CEO: Stronger demand in Q3FY2025 not reflected in profit level due to cost headwinds and FX
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Background ✨
Wizz Air's grounding of approximately 40 A320neo Family aircraft due to Pratt & Whitney engine issues was expected to continue until FY2026, affecting its operational capacity significantly1. CEO József Váradi anticipated these engine issues might persist for four to five years2. The airline secured a commercial support agreement with Pratt & Whitney to cover direct costs associated with the grounded aircraft1.