Wizz Air has lowered its profit expectations for the year by at least €100 million as it continues to count the cost of faulty Pratt & Whitney engines that are grounding nearly a fifth of its fleet.
Shares in the company closed down 76p, or 5.5 per cent, at £12.96 on the London Stock Exchange, taking them back towards the all-time lows they have reached in recent months.
Wizz Air, which has its headquarters in Hungary, is Europe’s third-largest low-cost airline after Ryanair and easyJet….
