Wizz Air is set to increase its capacity by approximately 20% in the year leading up to March 2026, despite facing challenges with a portion of its fleet being grounded due to Pratt & Whitney GTF engine issues. The European low-cost airline revealed these plans alongside its fiscal year 2025 results on June 5, which indicated a significant decline in profits.
The airline's CEO, József Váradi, commented on the situation: “We emerged stronger, wiser, and better prepared… We will not relent on defending the ultra-low cost business model, delivering profitable growth and ultimately stakeholder value.”
Wizz Air ended FY25 with a net profit of €213.9 million ($243.7 million), marking a decrease of 41.5% from the previous year. Operating profit also fell by 61.7%, amounting to €167.5 million ($190.8 million). These declines were largely attributed to the grounding of up to 42 aircraft due to engine issues.