The Hungarian company to Wizz Air de Low cost announced Monday that it suspended all its flights operating from its base in the United Arab Emirates for lack of profitability, especially invoking the instability of a medium easternly agitated by conflicts.
In a press release published in Social Network X, Wizz Air Holdings reports a “” after “strategic reorganization of a complete revaluation of market dynamics, operational challenges and geopolitical developments” in the region.
The war was launched on October 7, 2023 by the attack on Hamas in the Israeli soil, then the recent hostilities between Israel and Iran, caused repeated closures of air spaces and a demand fall, emphasizes the company.
Therefore, “it will suspend all its operations” by Abu Dhabi of September 1, 2025 and “will focus on central and east Europe”, as well as certain markets in Western Europe. “
Focus on Europe
Founded in 2003, Wizz Air is the seventh European company in number of daily flights, behind Air France, but ahead of British Airways, according to Eurocontrol traffic surveillance figures dating from early June.
He had launched his activities in the autumn of 2020 since the Emirati capital, but in recent years he has suffered the impact of conflicts and the volatility of oil prices.
The company also reports “regulatory obstacles” that have hindered their expansion and technical limitations linked to the warm and approximate climate of the region.
The company, with a fleet of 231 airplanes for more than 8,000 employees, transported 63 million passengers in 833 trips, even around thirty in the Middle East, according to its financial report.
An ambitious volume career that could become against her, believes in a recent study, the Hungarian analyst Gabor Bukta, in Concorde Securities, then “that in debt, cannot trust fundamental solids” against the competition of his rivals.
It was also affected by the problems of the manufacturer of the manufacturer Pratt & Whitney, who stuck in the soil part of his Airbus aircraft fleet.
In this context, its title has suffered a fall in the London Stock Exchange since it reached the peak in March 2021, while its net profit decreased by 41% in the year that ended at the end of March 2025.
Source: BFM TV
