Wizz Air swung to a loss in the first quarter and warned of further 'challenges' as soaring fuel costs continue to hammer the low-cost airline.
The London-listed Hungarian airline revealed an operating loss of £157million between April and June, down from a profit of £23.6million for the same period last year.
Wizz said this largely reflected a 21 per cent rise in unit fuel costs, which followed a spike in oil and gas prices since the start of the Middle East conflict.
Shares fell 4.62 per cent to 1094p at the open, having shed 15.5 per cent this year.
The budget airline, which primarily operates in Eastern Europe, has been more exposed to the ongoing war than others.
