Wizz Air to return to growth in 2026 as ongoing engine compensation deal struck Low-cost European airline Wizz Air has said it is set to return to growth in 2026 as it revealed a two-year support and compensation agreement with engine maker Pratt & Whitney over the grounding of aircraft.
Wizz Air said: “The company continues to take proactive action to mitigate the financial and operational impact of the grounded aircraft and will continue to work with Pratt & Whitney to ensure that aircraft are returned to operation as soon as possible.”.
The carrier said it had secured a commercial support agreement with Pratt & Whitney to the end of 2026, which includes both operational support and a compensation package covering the company’s direct costs due to aircraft grounding measures.
The FTSE 250 listed firm said it expects the ongoing grounding of around 40 of its Airbus A320neo aircraft through to 2025-26 due to inspections needed on the engines, which are made by US aerospace manufacturer Pratt & Whitney.
But Wizz said it expected to return to growth in its 2025-2026 financial year thanks to ongoing action to offset the aircraft woes.
