wizz stock price land slide this morning, what happen?

The stock price of Wizz Air has experienced a significant drop, falling by nearly a quarter early Thursday. This decline can be attributed to a combination of factors:

1. **Annual Profit Fall**: The most significant factor contributing to the decline in Wizz Air's stock price is the reported fall in annual profit. The airline reported a more than 90% fall in annual profit, with a pretax profit of EUR19.7 million for the financial year that ended March 31, down from EUR341.1 million in the previous year. Despite a 3.8% rise in revenue to EUR5.27 billion, higher costs led to a significant decrease in profit.
2. **Grounded Aircraft**: The airline has been affected by repair problems with Pratt and Whitney engines, leading to 42 aircraft being grounded as of the end of March. Although this number has since been reduced to 37 and is expected to be further reduced to 34 by the end of the first half of the current financial year, the grounding of aircraft has limited Wizz Air's ability to increase capacity and has contributed to higher costs.
3. **Lack of Visibility**: Wizz Air has declined to provide detailed guidance for the current year due to "the lack of visibility across our trading seasons." This lack of visibility has contributed to uncertainty among investors and has negatively impacted the stock price.
4. **Higher Costs**: Operating expenses, excluding fuel, increased by 19% to EUR3.3 billion, and total unit cost rose nearly 11%. The company reported an operating profit of EUR167.5 million for the financial year ended March 31, down 61.7% from a year ago and missing the 246 million euros projected by analysts. The increase in operating expenses and the miss on earnings expectations have also contributed to the decline in the stock price.
5. **Market Conditions**: The broader market conditions, including the performance of tech stocks and the impact of tariffs, have not directly affected Wizz Air's stock price. However, overall market volatility and the selling off of tech stocks after the Cool Inflation Report may have influenced investor sentiment and contributed to the decline in Wizz Air's stock price.

In conclusion, Wizz Air's stock price decline is primarily due to the company's financial performance, operational challenges, and lack of visibility, rather than broader market conditions.