Russ Mould, investment director at AJ Bell, said: “While Wizz Air’s reported net profit has evaporated, its full-year operating profit was better than expected and that’s given its share price a small lift.
“It’s a small relief to investors who have otherwise had to stomach one of the most challenging periods for the airline industry since the pandemic.
“The Middle East conflict has cast a dark cloud over the sector, creating uncertainties around cost structures and fuel availability later this year. It’s no wonder that Wizz Air isn’t giving any forward earnings guidance.”
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