Wizz Air Stock Drops as CEO Cites Uncertainties on Brexit, Fuel
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Wizz Air Holdings Plc stock dropped the most in eight months after the low-cost carrier pared growth targets and warned of higher uncertainties for the industry in Europe due to Brexit, labor disputes and fuel costs.
The shares fell as much as 10 percent, the steepest intraday decline since Nov. 8, and traded down 5.3 percent at 3,368 pence at 8:41 a.m. in London. Wizz Air said fiscal first-quarter earnings were held back as costs of compensating passengers for disruptions tripled following air-traffic controller walkouts that sparked flight cancellations.