Stock Spotlight: Wizz Air remains firmly grounded as sky-high fuel costs take toll

Plagued by issues

With airlines across the world cancelling flights and struggling with staffing issues, none are currently suffering more than Wizz Air.

Wizz Air shares are down 56% year to date, while other budget airlines, such as easyJet and Ryanair, have seen a 20% to 30% drop in stock prices. This can partially be attributed to the scandals that have affected the company, such as the controversy sparked by CEO József Váradi, who suggested too many of the firm's pilots refuse to fly when tired. Váradi was seen in a leaked video telling employees that too many were taking time off for fatigue, adding that "sometimes it is required to go the extra mile". The European Union Aviation Safety Agency is currently investigating his commen...