Wizz Air swings to loss as Iran conflict drives up jet fuel costs

Wizz Air reported a quarterly loss of nearly €200mn between April and June, as the Iran conflict caused jet fuel costs to soar. The low-cost carrier stated that the aviation industry is expected to face significant challenges for the remainder of the year. This financial result reflects the direct impact of geopolitical instability on operational expenses, leading the airline to swing from profit to loss during this specific three-month period of economic volatility.