Wizz Air Holdings Plc (WIZZ.L)
| Previous close | 1,917.50 |
| Open | 1,940.00 |
| Bid | 1,980.00 x 0 |
| Ask | 1,989.50 x 0 |
| Day's range | 1,936.50 - 1,989.00 |
| 52-week range | 1,320.00 - 3,229.00 |
| Volume | |
| Avg. volume | 427,279 |
| Market cap | 2.358B |
| Beta (5Y monthly) | 2.18 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -4.56 |
| Earnings date | 09 Nov 2023 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 34.09 |
The TelegraphWizz Air forced to ground planes after fault uncovered with engines
Wizz Air has been forced to ground some of its planes and warned it would run fewer flights over Christmas after faults were uncovered in engines used by Airbus.
PA Media: MoneyWizz Air says engine issues will reduce capacity by 10%
Engine supplier RTX said that it would perform checks on hundreds of planes.
ReutersWizz Air sees 10% capacity reduction in H2 2024 amid Pratt & Whitney inspection
Aerospace supplier RTX had earlier in the day said 600 to 700 geared turbofan engines (GTF) will have to be removed for quality checks that will likely cause some of its aircraft to be grounded. While airline operators around the world have struggled to increase capacity to meet the boom in demand for travel after pandemic restrictions eased, Wizz, which flies Airbus planes, has had to navigate additional challenges after Pratt & Whitney earlier in the year said more than 1,000 engines needed to be removed from Airbus planes and checked for microscopic cracks. Wizz said it will continue to work with RTX unit Pratt & Whitney to minimize the impact to its fleet plan and costs to the business, adding it will be seeking financial compensation.
