Wizz Air's net profit fell sharply by approximately 99.4% to around €1.3 million ($1.45 million) in the fiscal year ending March 31, 2026 [1, 2, 3]. Operating profit declined 16.6% to about €139.7 million ($161.1 million) over the same period [2, 3].
Total revenue rose 8% year-on-year to €5.69 billion ($6.5 billion), boosted by record passenger numbers and capacity growth [2, 3]. The airline carried a record 69.7 million passengers, a 10% increase from the prior year, with seat capacity up 10.5% [2, 3]. Despite this, the load factor fell slightly by 0.5 percentage points to 90.7%, attributed mainly to the post-war effects of the Iran conflict [2, 3].
Wizz Air cited disruptions in the Middle East, including forced cancellations of Tel Aviv and other regional routes in summer 2025 and March 2026, as key factors weighing on earnings [2, 3]. The Iran conflict in March 2026 alone cut estimated earnings by €50 million, although fuel hedges helped mitigate some impact [1, 2, 3]. The closure of Wizz Air's Abu Dhabi base in September 2025 and the resulting reduction in longer Middle East flights hurt ancillary revenue since those routes generated more ancillary income per passenger [2, 3].
Operating expenses increased 8.9% to €5.55 billion, driven by higher costs except for fuel, which declined 1.9% to €1.76 billion [2, 3]. The number of aircraft grounded due to Pratt & Whitney engine inspections fell to 30 as of March 31, 2026, down from 42 at the previous year-end, and further dropped to 24 by June 5, 2026 [2, 3].
Wizz Air declined to provide financial guidance for the fiscal year ending March 31, 2027, citing ongoing uncertainty from the Iran conflict and the closure of the Strait of Hormuz [1, 2, 3].
