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Wizz Air Criticises Gulf Carriers Over Safety Amid Iran War

Financial Times Companies •
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Wizz Air chief executive József Váradi slammed Gulf carriers for prioritising politics over safety amid the Iran war. He singled out Flydubai, Emirates, Etihad and Qatar Airways, saying they resumed flights through narrow corridors patrolled by jets despite missile and drone threats. Váradi’s remarks hit the industry’s core safety culture for future operations globally today.

European carriers halted UAE routes after the conflict, but Gulf airlines restarted weeks before a ceasefire, using tight air corridors. Váradi warned that political pressure could erode long‑term safety standards, noting that the current approach might “lead to safety problems in the future”. The Hungarian carrier has suspended routes to the UAE and Saudi Arabia.

Váradi also highlighted Wizz’s financial stance, noting the airline holds £2bn in cash and is 70% fuel‑hedged. After summer hedges cost over $800 per tonne versus current prices near $1,500, bookings rose 17% for the season. He expects a profitable next fiscal year despite the stock’s sharp decline in the market that shows resilience today.

The controversy underscores how geopolitical tensions can spill into aviation operational decisions. While Gulf carriers claim thorough safety reviews, Váradi’s critique invites regulators to scrutinise their risk assessments. Investors watching Wizz’s performance will weigh the airline’s cash reserves against the broader market’s sensitivity to regional instability and likely adjustments in route planning and fleet deployment worldwide.