Wizz Air forecasts better annual profit range after strong first half

Nov 13 (Reuters) - Wizz Air Holdings Plc on Wednesday raised the bottom end of its annual profit forecast, months after it boosted its capacity, as the budget airline benefits from a strong start to the year while struggling rivals cut expansion plans.

Wizz, which mainly has flights to central and eastern Europe, said net profit for the financial year 2020 would be between 335 million euros to 350 million euros ($369.17 million to $385.70 million). It had an earlier range of 320 million euros to 350 million euros.

($1 = 0.9074 euros) (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Bernard Orr)