Eighteen months on from Pratt & Whitney announcing that hundreds of GTF engines would have to be pulled from service to undergo enhanced inspections, airlines are still suffering.
Wizz Air is focusing on network densification as it regains momentum following aircraft groundings and supply chain disruptions, CEO József Váradi says.
Wizz Air reports widening losses for the December quarter as groundings and foreign exchange fluctuations continued to weigh on its financial performance.
Some carriers, such as Wizz Air and Lufthansa Group, are confirming their return to Tel Aviv following the ceasefire agreement between Israel and Hamas.
Airlines hoping for a 2025 free from the engine and supply chain issues that have plagued the industry in the past years are likely in for a disappointment.
Wizz Air's operating profit for the six months ending Sept. 30 dropped 33% to €349.2 million ($375 million), compared to €522.9 million in the year-ago period.
Wizz Air Abu Dhabi will not launch Airbus A321XLR operations until 2026, when crucial upgrades should have been made to the aircraft's Pratt & Whitney GTF engine.
Wizz Air posted a dramatic drop in quarterly net profit, citing the airline’s ongoing impact from geared turbofan (GTF) engine-related aircraft groundings.
Wizz Air expects to have another 45 Airbus A320neo-family aircraft grounded in 2025 due to inspections of their Pratt & Whitney geared turbofan (GTF) engines.