Wizz Air reports €241.1M loss for Q3 FY 2025 amid fleet grounding, engine issues

The ultra-low-cost Hungarian airline Wizz Air has reported a net loss of €241.1 million for the third quarter of fiscal year 2025, citing operational challenges from grounding 20% of its fleet over issues with the GTF engine. 

In its unaudited financial results for Q3 F25, released on January 30, 2025, Wizz Air said it carried 15.5 million passengers, marking a 2.6% increase compared to the same period in the previous year. The airline’s revenue reached €1,176 billion, which is a 10.5% increase compared to the previous year. 

In terms of capacity, there was a 1.7% decrease in available seat kilometers (ASK) and a 0.4% drop in available seats. However, the load factor increased by 3.1% to 90.3%. The reported net loss for the third quarter was €241.1 million, compared to a loss of €105.4 million in the same period of FY24. 

“Wizz Air has continued to navigate the complexity imposed on its operations from the ongoing grounding of some 20% of its fleet, due to the well-documented GTF engine issue,” said József Váradi, CEO of Wizz Air, commenting on business developments in the period. “Disappointingly the benefits of the stronger demand environment did not flow through to our reported profit level due to these cost headwinds and a significant €160m negative FX charge recognized in Q3.” 

Passenger ticket revenue rose by 13.0% to €626.2 million, while ancillary income (or “non-ticket” revenue) increased by 7.8% to €550.7 million, due to higher average net fares and a slightly improved load factor. 

The average revenue per passenger climbed to €75.79 during Q3 FY25, up 7.7% from the same period last year. Additionally, average ticket revenue per passenger grew from €36.6 in Q3 FY24 to €40.3 in Q3 FY25. 

Operating expenses for Q3 FY25 increased by 0.6% to €1,252.7 million, up from €1,245.2 million in Q3 FY24, despite the 1.7% lower year-on-year capacity. The total cost per available seat kilometer (CASK) increased by 3.6%, reaching €4.25 cents in Q3 FY25 from €4.10 cents in Q3 FY24. 

Fleet updates 

Wizz Air stated that its fleet grew by two aircraft over the last three months, finishing the year with a total of 226 aircraft. The airline added four A321neos and returned two A320ceos to their lessors. By December 2024, the average seating capacity per aircraft rose to 226, an increase of one from the previous quarter and three from a year ago. 

For the rest of fiscal year 2025, Wizz Air plans to receive eight new A321neos, while four A320ceo aircraft will exit the fleet. As of December 31, 2024, the airline has a backlog of 307 aircraft on order, including 260 A321neos and 47 A321XLRs. The post Wizz Air reports €241.1M loss for Q3 FY 2025 amid fleet grounding, engine issues appeared first on AeroTime.

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