Wizz Air sees operating profit drop by 61.7% due to GTF engine problems grounding 20% of fleet
By:
Pilotcenter.net
In a recent report by Pilotcenter.net News, European low-cost airline Wizz Air disclosed a notable 61.7% decline in operating profit for the fiscal year 2025. The financial setback was primarily attributed to challenges stemming from issues with Pratt & Whitney's geared turbofan (GTF) engines, leading to the grounding of nearly 20% of the airline's fleet.
Despite this operational hurdle, Wizz Air revealed a net profit of €213.9 million for FY2025, showcasing resilience in the face of adversity. The airline further highlighted an increase in passenger numbers, with 63.4 million individuals transported during the fiscal year, a rise from the previous year's 62 million.
Significantly, Wizz Air reported a growth in total revenue, climbing by 3.8% to €5,267.6 million in FY2025. This positive trend was predominantly fueled by capacity expansion and robust customer demand in key markets like Poland, Italy, and Hungary. However, the surge in revenue was countered by a substantial drop in operating profit, falling to €167.5 million from €437.9 million in FY2024.
The airline acknowledged the operational complexities faced in FY2025, with a considerable portion of its fleet grounded due to GTF engine issues. Despite these challenges, Wizz Air pressed on, acquiring new aircraft and strategically managing its fleet to maintain operational efficiency.
Looking ahead to FY2026, Wizz Air remains cautiously optimistic, expecting a capacity increase and aiming to enhance load factors and revenue figures. The airline anticipates receiving additional new aircraft to bolster its fleet, demonstrating a forward-looking approach amidst ongoing operational challenges.
Wizz Air's commitment to overcoming obstacles and driving growth in the face of adversity underscores its resilience and determination to navigate the complexities of the aviation industry.
