Emirates 24|7
Global airlines have been hit by the US- Israeli war on Iran, leading to cancellations, higher fuel charges and forecast cuts European budget carrier Wizz Air on Tuesday said it expects to report breakeven to slightly positive earnings for fiscal 2026, even as it warned that the aviation industry would remain challenging amid the Middle East war. Global airlines have been hit by the US- Israeli war on Iran, leading to cancellations, higher fuel charges and forecast cuts. Last week, British Airways owner IAG said that annual profit is likely to be lower than prior expectations. Wizz Air said it was seeing the benefits of added capacity to existing and new routes and will be using promotional fares to protect passenger numbers in first half of fiscal 2027 amid travel disruptions.
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