Wizz Air has reported a sharp decline in profits, directly attributing the financial damage to the ongoing war in Iran and the resulting disruption to air travel across the Middle East.
The budget carrier's results underscore the immediate and severe impact of the conflict on European aviation, as route cancellations and soaring insurance costs compress margins.
The earnings miss adds to a widening sector slump.
Major hubs are already adjusting to the fallout: Heathrow has downgraded its passenger traffic forecasts, citing sustained reductions in Middle Eastern connectivity.
The disruption is not limited to airlines; hospitality and travel platforms are feeling the pressure as well.
Airbnb, for instance, reported a first-quarter revenue beat but flagged rising cancellations in the region, highlighting how the conflict is rippling through the broader travel economy.