Wizz Air swung to an operating loss of €183.3 million in the three months to 30 June as soaring fuel costs and weaker fares linked to the Iran war hit its latest quarterly performance. The Hungary-based low-cost carrier also warned that revenue per seat is likely to keep falling in the current quarter as it uses lower prices to fill aircraft, extending a run of losses into a third consecutive quarter.
Chief executive József Váradi has described trading as volatile, with the carrier unable to fully pass on higher costs to price-sensitive passengers. The results come as European airlines continue to face pressure from the conflict-driven rise in jet fuel prices, while weaker fares and capacity decisions are forcing broader reviews across the sector.
Wizz Air remains focused on growth across its European network despite the weaker earnings backdrop. The latest quarter shows how sharply fuel market swings and fare competition can erode margins for budget airlines even when demand remains intact.