Wizz Air Posts Record Profits Despite Widespread Engine-Related Groundings
Wizz Air has reported a record annual profit of €374 million, a significant turnaround from the previous year's substantial loss. This financial success was driven by a 30% increase in passenger numbers, reaching a total of 62 million. The strong performance comes despite major operational challenges, with 45 of its aircraft currently grounded. These groundings are due to a known powder metal defect in their Pratt & Whitney GTF engines requiring extensive inspections. The airline anticipates receiving compensation from the engine manufacturer to mitigate the impact.
Official Source: https://www.bbc.com/news/articles/cj4p7gyvp52o?at_medium=RSS&at_campaign=rss
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