RE: Wizz21 Mar 2022 20:19
Budget airline Wizz Air Holdings (LSE: WIZZ) has slashed its growth forecast after it stopped selling flights to Russia and Ukraine, says the Evening Standard. The company had been projecting growth in seat capacity of 52% next year, but has cut that to 30%. Wizz Air was the only EU carrier with a base in Ukraine, having had four aircraft stationed at Lviv since 2020. It operated 45 routes out of the country and was the second-largest budget carrier there, with a 27% market share. The firm expects a fourth-quarter operating loss larger than the €213.6m it lost last quarter. The shares are down by 46% over the last 12 months.