Activist investor Causeway Capital raises stake in Wizz Air

Core Viewpoint - Causeway Capital Management has increased its stake in Wizz Air to 5.04%, becoming one of the top shareholders of the airline [1][2]. Group 1: Stake Increase - Causeway Capital previously held a 2.04% stake in Wizz Air before boosting its holding [2]. - The increase in stake positions Causeway as a significant player among Wizz Air's shareholders [1]. Group 2: Financial Impact - Wizz Air has warned that the ongoing Middle East conflict is expected to reduce its net profit for fiscal year 2026 by approximately 50 million euros [2]. - The airline is also facing additional pressures from engine-related groundings and a decline in demand [2]. Group 3: Stock Performance - Wizz Air's shares have been on a downward trend since the onset of the conflict, reaching a record low of 915 pence [3]. Group 4: Regulatory Developments - Wizz Air has received permits to operate flights to the U.S. from the UK, which will allow the airline to offer charter flights for European football teams and fans attending the soccer World Cup [4].