March 4 (Reuters) - Wizz Air said on Wednesday it expects the ongoing conflict in the Middle East to negatively impact its net profit for fiscal year 2026 by about 50 million euros ($58.19 million). (
Wizz Air flags $58 million hit to FY26 profit from Middle East unrest
Impact of Middle East Conflict on Wizz Air's Financial Outlook
Projected Profit Reduction for FY26
March 4 (Reuters) - Wizz Air said on Wednesday the ongoing conflict in the Middle East is set to dent its net profit for fiscal year 2026 by about 50 million euros ($58.19 million), pushing the figure below the carrier's previously issued forecast.
Breakdown of Financial Impact
The airline said roughly one-third of the impact stems from the suspension of several scheduled routes in the region, while the rest reflects weaker macroeconomic conditions triggered by the Iran conflict.
Previous FY26 Forecast
The company had on January 29 forecast an FY26 range spanning a loss of 25 million euros to a profit of 25 million euros.
Operational Adjustments and Industry Response
Suspension of Routes and New Base Plans
Wizz, which plans to soon open a base in Israel, has halted flights to and from Israel, Saudi Arabia, Dubai, Abu Dhabi and Amman through March 7 after the U.S. and Israeli strikes on Iran prompted retaliatory missile attacks across the region.
Wider Industry Impact
The industry struggling to absorb the escalating U.S. and Israeli air war against Iran has seen airlines and tourism operators rush to manage the fallout, as governments scramble to repatriate travellers after more than 20,000 flights were cancelled across the Middle East in recent days.
Upcoming Announcements and Additional Information
FY26 Results Announcement
Wizz Air is scheduled to announce its FY26 results on June 11.
Exchange Rate Reference
($1 = 0.8593 euros)
Reporting Credits
(Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Shilpi Majumdar)
