Wizz Air drops 13% after second profit warning in six months

By Yadarisa Shabong and Joanna Plucinska

(Reuters) -European low-cost airline Wizz Air cut its annual net income forecast for the second time in six months on Thursday, as it grapples with rising costs related to the grounding of planes due to engine problems and economic uncertainties.

Wizz faces costs and disruptions due to groundings related to issues with Pratt & Whitney GTF engines, but is hopeful the year ahead will bring some relief, including a full return to service to Tel Aviv…