Wizz Air shares sink as it halves profit outlook and reports quarterly loss

Wizz Air has dramatically reduced its annual profit outlook, despite witnessing its quarterly losses fall by over half amidst an all-time high in passenger numbers. Shares plummeted on this update, dropping close to 12% during early trading hours.

The Hungarian airline disclosed a €75.9m (£63.6m) loss for the quarter ending 31 December, which is approximately 58% less than the same period a year earlier, as reported by City AM.

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