Wizz Air's Exit Affects Flughafen Wien AG's Growth

Wizz Air announced it will gradually cease operations at Vienna Airport (VIE), impacting Flughafen Wien AG (FWAG). Wizz Air cited increased airport charges and aviation taxes as incompatible with its ultra-low-cost model. Currently, Wizz Air is VIE's third-largest customer, handling about 2 million passengers annually.

As a result, FWAG estimates a net loss of 1.1 million passengers for fiscal year 2026, revising its passenger estimate to 31.7 million. Despite this setback, growth is expected to resume in 2027, bolstered by the ongoing south terminal expansion. NuWays AG maintains a "HOLD" recommendation for FWAG, adjusting the target price to €58.00 from €60.00.