Name: Wizz Air says Iran conflict hit is contained this fiscal year
Uploaded: 2026-03-05T17:01:47.000Z
Duration: 1 min 15 s
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Wizzair expects to limit a financial hit from the Iran conflict to its fiscal year ending this month.

Past perfect

Speaking to Reuters, its CEO, Joseph Varady said he expects the pressure to ease from April, partly because the airline had already planned a move of capacity back to Europe from September.

The comments are the first since Wiz flagged a $58 million hit to its net profit from the war in Iran.

The crisis has sideswiped the global aviation market and pushed up oil prices.

Wizz Air shares fell as much as 10% in morning trade on Thursday.

The aviation sector has seen a massive sell off this week.

Globally, it's on fears of a protracted conflict in the Middle East.

Key airport hubs have been impacted with thousands of flight cancellations.

Faraday said the conflict will affect about 5% of WizzAir's capacity, some 50 flights out of 1,000 daily, adding that the firm's decision to leave its Abu Dhabi base in September meant that it was far less exposed than it otherwise would have been.

The airline is allocating 60 to 70% of its middle east capacity back to Europe, including destinations such as Italy, Spain, Greece and Albania.