Wizz Air’s exchange rate fell by more than 10 percent

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.