Wizz Air Stock Gains After Profit Tops Forecasts and Oil Pulls Back
Wizz Air shares surged 7% in London on Friday after annual revenue rose 8% to €5.69 billion and passenger numbers hit a record 69.7 million. Net profit plunged to €1.3 million from €213.9 million a year earlier, but operating profit beat analyst forecasts. The rally followed a drop in oil prices and sector gains across European travel stocks. Investors await Wizz Air’s Q1 F27 results on August 6.