(Reuters) – Wizz Air cut its annual net income forecast on Thursday, as the European low-cost airline grapples with costs related to the grounding of planes due to engine issues and economic uncertainties.
The London-listed carrier now expects net income in the range of 250 million and 300 million euros ($312.39 million) for the year ending March, compared to its earlier forecast of between 350 million and 450 million euros.
($1 = 0.9603 euros)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Varun H K)
Comments