Wizz Air’s exchange rate fell by more than 10 percent
In recent days, the share price of Wizz Air has fallen to an alarming extent, the company’s shares have sunk to their lowest point at the end of January. There are several factors behind the exchange rate drop, among which the deterioration of the international mood and the events in Israel stand out.
Market sentiment was influenced last week by higher-than-expected inflation data and strong US retail sales numbers. As a result, the previous expectations regarding the American interest rate cut almost completely disappeared, which had a negative impact on investor confidence.
Events in Israel, such as high oil prices and uncertainty surrounding flights to the country, have also aggravated the situation. Wizz Air’s third quarter report also pointed out that the decrease in Israeli traffic could cause significant financial damage to the airline.
Related news
Ryanair’s airfares are getting more expensive, Wizz Air is preparing to return to Ukraine
Ryanair CEO Michael O’Leary announced in Warsaw on Tuesday that…
Read more >Phishing scammers are sending emails using the Wizz Air’s name
Phishing emails have been sent in Hungary in recent days…
Read more >50% discount on the second flight ticket in Wizz Air’s February promotion
Wizz Air is offering a special offer for February 5th,…
Read more >Related news
OKSZ: margin is not profit!
The international food retailer member companies of the National Trade…
Read more >Viktor Orbán on Kossuth Radio: traders cannot add more than 10 percent to the purchase price
Traders cannot add more than 10 percent to the purchase…
Read more >GKI Analysis: Why are food prices constantly rising?
In recent times, the rise in the prices of basic…
Read more >