Shares in European budget carrier Wizz Air (WIZZ) recently hit a 52-week low of £10.36 (26 June) as the airline struggles to get a handle on its GTF (geared turbofan) woes and ongoing conflicts in Israel and Ukraine, two of its key markets, disrupt the travel industry. In 2023, Wizz grounded 13 aircraft due to powder metal issues with PW1100G-JM GTF engines, but this had risen to 33 aircraft...

Impacted by conflicts in Israel and Ukraine Shares down 48% over one year Geared turbofan (GTF) woes continue Shares in Wizz (WIZZ) fell by 25% to £12.48 in morning trading as the European budget carrier reported an annual profit lower than its reduced guidance from January, when it issued its second profit warning. The company also said it could not give a full year 2026 outlook at this time...

Just over five years ago the stock market began to react in earnest to news of the Covid pandemic.The sell-off was short and sharp, with a modest recovery from the lows in the spring followed by sharper gains in November 2020 after AstraZeneca (AZN) made a vaccine breakthrough.However, a large number of UK stocks are still trading below the levels they were at by the close of trading on 21...

Stocks in Europe were higher before a eurozone rate decision on Thursday, while US equities are called to open in the green despite tech earnings that received mixed reviews.The FTSE 100 index added 37.09 points, 0.4%, at 8,594.90. The FTSE 250 was up 174.66 points, 0.9%, at 20,734.36, and the AIM All-Share added 5.22 points, 0.7%, at 717.41.The Cboe UK 100 was up 0.5% at 861.67, the Cboe UK...

Guidance cut from €350-€450 million to €250-€300 million Cost headwinds hit European budget carrier Shares down 37% over the past year Shares in Wizz Air (WIZZ) fell nearly 12% in early morning trading after the European budget carrier cut its full year 2025 profit guidance from a range of €350 million to €450 million to €250 million to €300 million,...

Stock prices in Europe opened higher on Thursday morning, before a European Central Bank decision which is expected to be a 25 basis point cut.The ECB decision follows what was deemed a hawkish hold by the Federal Reserve overnight.The FTSE 100 index added 11.86 points, 0.1%, at 8,569.67. The FTSE 250 was up 135.96 points, 0.7%, at 20,695.66, and the AIM All-Share added 3.13 of a point, 0.4%,...

Brent crude hits $80 per barrelIAG shares down 3% to 304pEasyJet shares down 2% to 495pAirline stocks took a turn for the worse in morning trading on Monday (13 Jan) as Brent crude hit $80 per barrel ? a four month high ? driven by wider US sanctions on Russian oil and the expected effects on exports to top buyers China and India.Brent crude rose $1.68 or 2.1% per barrel to $81.44 after...

Support deal signed with Pratt & Whitney 40 A320NEO to stay grounded into 2026Shares down 34% year-to-dateShares in Wizz Air (WIZZ) gained around 2% to £14.44 in morning trading as investors welcomed the European budget carrier's support agreement with engine maker Pratt & Whitney in relation to its grounded aircraft.As well as giving operational support, Pratt & Whitney - which is part of US...

The FTSE 100 in London opened higher on Friday, eating into some of its post-UK budget weakness, while the pound gained some lost ground.Eyes turn state side later, with US jobs data to come, before the Federal Reserve decision next week, and a presidential election on Tuesday.Closer to home, Reckitt shares jumped on a favourable US legal ruling on infant formula. Airlines struggled as oil...

6.2 million passengers for Wizz Air, up 1%8% rise in passengers for RyanairRyanair reports load factor of 96% in AugustEuropean budget carrier Wizz Air (WIZZ) reported a record 6.2 million passenger numbers for August despite operated seat capacity being down 0.4% year-on-year due to the Pratt & Whitney GTF engine-related groundings.Wizz Air has seen a large number of aircraft grounded thanks...

Everyman non-exec ups stakeRobert Walters chair buys sharesWizz Air executive buys stockMichael Rosehill, non-executive director of up-market cinema group Everyman Media (EMAN:AIM), bought 750,000 shares at 53p for a total value of £397,500 on 1 August.Rosehill is also a director of Blue Coast Capital ? a private equity group. Following the transaction, Blue Coast Capital owns 26,603,639...

Budapest-based low-cost airline Wizz Air (WIZZ) posted (1 August) a slight increase in revenue to €1.26 billion for the quarter to the end of June, but higher operating and finance costs plus a foreign exchange loss sent it into deficit for the period.The shares slumped as much as 380p or 20%, the most since the early days of the pandemic, as investors headed for the exits.The airline cut...

Since we emerged from the pandemic, people's spending have shifted from stuff to experiences with holidays particularly prized by those with the means to afford them.Airlines and travel operators enjoyed bumper demand as people were desperate to get away for a week in the sun, having been denied the opportunity during lockdown, and had money to spend. This enabled the industry to pass...

Stock prices in London opened in the green on Friday, as European stocks were boosted by a rally on Wall Street ahead of the key US nonfarm payrolls report later in the day.The FTSE 100 index opened up 39.43 points, 0.5%, at 7,661.59. The FTSE 250 was up 170.25 points, 0.9%, at 19,301.41, and the AIM All-Share was up 2.46 points, 0.3%, at 755.16.The Cboe UK 100 was up 0.6% at 766.55, the Cboe...

Routes suffer due to Israel-Hamas warGTF engine troubles continueShares down 35% over the past yearShares in Wizz Air (WIZZ) were down over 6% to £19.06 in morning trading as the European budget carrier reported a loss for the three months ending 31 December 2023.Its net loss for the period of ?105.4 million compares with a profit of ?33.4 million in the same year-ago period. The airline had...

Stock prices in London fell on Thursday morning before the European Central Bank?s interest rate decision, with the market pricing in a third hold.The FTSE 100 index opened down 11.17 points, 0.2%, at 7,516.50. The FTSE 250 was down 51.79 points, 0.3%, at 19,119.89, and the AIM All-Share was down 0.77 of a point, 0.1%, at 744.08.The Cboe UK 100 was down 0.2% at 751.02, the Cboe UK 250 was down...

The FTSE 100 in London got off to an uncertain start on Thursday, with investors digesting a mixed slate of corporate updates and more hawkish words from US policymakers.There was also less-than-stellar data out of China for investors to be mindful of.The FTSE 100 index opened up 4.73 points, 0.1%, at 7,406.45. The FTSE 250 rose 10.04 points, 0.1%, at 17,856.30 and the AIM All-Share was down...

Stocks in London finished in the red on Tuesday, as interest rate rise fears continued to grow following unexpectedly strong US job openings data.The FTSE 100 index closed down 40.56 points, or 0.5% at 7,470.16 on Tuesday. The FTSE 250 ended 299.53 points, or 1.7%, at 17,677.76. The AIM All-Share closed down 14.20 points, or 2.0%, at 703.44.The Cboe UK 100 ended down 0.5% at 745.71, the Cboe...

Stock prices were mixed in London on Tuesday at midday, although Asia-focused lenders HSBC and Standard Chartered helped the FTSE 100 outperform European peers, which continued to struggle on US interest rate fears and rising yields.Also boosting the FTSE 100 were defensive shares, such as pharmaceuticals and consumer goods.Elsewhere, boohoo slumped, after cutting revenue guidance.The FTSE 100...

Increase of 5.5 million passengers' year-on-yearNew route to ThessalonikiLower CO2 emissionsWizz Air (WIZZ) has reported a 21% increase in passenger numbers, or 5.5 million passengers' year-on-year compared to September 2022, at a load factor of 92.4%.The European budget carrier also announced a new route from Bucharest to Thessaloniki, Greece starting at the end of October.Wizz shares were...