Wizz Air forecasts higher earnings after swinging to annual profit after 3 years

European low-cost airline Wizz Air (WIZZ.L) forecast a higher annual profit on Thursday on the back of a strong summer and robust travel demand, after swinging to an annual net profit after three years.

Hungary-based Wizz’s results come amid a flurry of mixed results from European airlines as costs rose but an expected record summer of travel is likely to boost revenues as consumers prioritised spending on holidays since the pandemic.

The airline has benefitted from sustained...