Wizz Air shares plunge as revenue growth fails to allay investor fears

  • Wizz Air Holdings PLC (AIM:WIZZ) told investors it carried 63.4 million passengers in the year ended 31 March, marking 2.2% growth year-on-year increase despite capacity falling slightly. Revenue was up 3.8% to €5.27 billion, whilst operating profit fell sharply to €167.5 million from €437.9 million in the prior year, amid aircraft groundings linked to GTF engine issues.