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

By: Trademagazin Date: 2024. 04. 16. 11:25

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.