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Wizz Air recorded a net profit of €213.9 million in the fiscal year 2025, representing a 41.5% year-on-year decline.
The low-cost Hungarian airline also reported a comprehensive profit of €225.8m, missing its target of €250m to €300m.
EBITDA, meanwhile, came in at €1.1 billion, a decrease of €58.9m compared to the prior fiscal year.
Total revenue showed a 3.8% rise on the year, at €5.3bn, and the firm reported record traffic, amounting to 63.4 million passengers.
“I describe our fiscal year F25 with two words: resilience and transformation. In an environment where rare challenges have become recurrent, Wizz Air has evolved structurally, embedding increased flexibility into our standard operating model,” József Váradi, Wizz Air Chief Executive Officer, said in the earnings release.
Among the challenges facing the airline this fiscal year was an obligation to ground its Airbus jets because of faulty engines.
“At end of F25, there were 42 grounded aircraft due to GTF engine inspections and 3 grounded aircraft in Ukraine,” said the firm. By the end of the first half of the next fiscal year, it expects to have about 34 planes grounded.
“Wizz Air is a more resilient business today,” added Váradi.
“Despite the unproductivity of a grounded fleet, we successfully delivered a second consecutive year of profitability. We have the benefit of more than a year of experience operating under these unique circumstances – conditions airlines would never experience when demand exceeds supply.”
Wizz Air shares were down around 23.5% in daily trading just after 10am CEST in daily trading.