Wizz Air says 40 planes to stay grounded through fiscal 2026 amid engine woes [Yahoo! Finance Canada]
RTX Corporation (RTX)
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Source: Yahoo! Finance Canada
In September 2023, Wizz Air had estimated a potential 10% capacity reduction in the second half of fiscal 2024, due to the inspection of Pratt & Whitney's turbofans. In November this year, it posted a bigger-than-expected drop in first-half profit, citing ongoing issues with engine inspections that grounded its Airbus planes and the impact of conflict in the Middle East. Wizz Air also said it expects to return to growth by taking 50 new Airbus A321NEO deliveries and growing seat capacity by about 20% during 2026. (Reporting by Yamini Kalia and Chandini Monnappa in Bengaluru; Editing by Janane Venkatraman and Mrigank Dhaniwala) Recommended Stories
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RTX
Earnings
- 10/22/24 - Beat
RTX
Sec Filings
- 12/19/24 - Form 4
- 10/22/24 - Form 10-Q
- 10/22/24 - Form 8-K
- RTX's page on the SEC website