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Wizz Air is lumbering at the bottom of the UK’s major listed stocks this morning after the low-cost airline cut its full year growth guidance.
Despite reporting a more than 100 per cent rise in quarterly pre-tax profits, Wizz Air warned that bad weather conditions and low air fares would hit profits which are now expected to fall within a range of €225m-€235m from previous guidance of €245m-€255m.
Shares in the FTSE-250 airline are down 7.1 per cent at publication time to £16.53 to a November low.