Wizz Air Shares Slump After Income Guidance Downgrade, Wider Pretax Loss -- Update
Shares in Wizz Air fell after the budget airline downgraded its fiscal-year net income outlook and said its pretax loss in the third quarter widened on higher costs. Wizz Air shares in early afternoon London trading were down 7.6% at 12.68 pounds, recovering some ground after falling as much as 16% earlier in the session.