Wizz Air has reported a significant slump in annual profits, with operating profits dropping by 62% to €167.5 million (£141 million). The budget airline attributed the downturn to a fifth of its fleet being grounded due to engine issues.
Despite these challenges, the Hungarian company highlighted that it flew a record 63.4 million passengers, contributing to a 3.8% increase in overall revenue. The airline acknowledged the "significant challenges" it faced throughout the year, but remained optimistic about its capacity to serve more passengers than ever before.
