Monday 26 September 2016

Wizz Air cuts UK growth plans on Brexit weakness

Published 20/07/2016 | 07:57

(Stock image)
(Stock image)

Eastern European-focused budget airline Wizz Air slashed its UK growth plans as a result of Britain's vote to leave the EU and the weaker pound, and said it would redeploy planes to non-UK routes.

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Wizz said on Wednesday that it was still confident of delivering on its underlying net profit forecast for the 12 months ended on March 31 despite changing its growth plans.

The airline in May guided to net profit of between €245m and €255m.

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