Wizz Air shares jumped 6.1% in London on Monday, 9 November 2026, as a sharp fall in oil prices eased one of the budget airline's biggest costs.

The shares closed at 1,127p, up 65p on Friday's close of 1,062p. The stock had opened at 1,070p and was among the strongest risers in the FTSE 250, which finished 0.82% higher at 24,706.34.

Cheaper oil lifts airline shares

Fuel is one of the largest costs for any airline, so a steep drop in crude prices is usually good news for carriers. Brent crude settled down $5.75, or 5.85%, at $92.57 a barrel on Monday, while US West Texas Intermediate settled down $3.98, or 4.38%, at $86.85.

The fall followed comments from US President Donald Trump that fresh strikes on Iran were highly unlikely while talks to end the conflict continued. Brent had already fallen 16% last week, its steepest weekly drop since the start of the Covid-19 pandemic.

Wizz Air was not alone. British Airways owner International Airlines Group rose 3.5% in London, and Rolls-Royce, whose engines power many long-haul aircraft, advanced 4.8%.

Results due on Thursday

Investors will not have long to wait for the next test of the Wizz Air story. The airline is due to publish half-year results on Thursday, 12 November, alongside trading updates from Rolls-Royce and a busy day of UK company news.

Wizz Air is an ultra-low-cost carrier operating mainly across Europe, the Middle East, North Africa and parts of Central and Western Asia. Its shares remain well below their 52-week high of 1,453p, reached in February, after a difficult year for the stock.

Monday's rally also came as the wider London market recovered. The FTSE 100 closed 1.02% higher at 10,782.87, helped by lower oil prices and a rebound in mining shares, with investors now looking ahead to US inflation figures due on Tuesday.

Oil well off its recent peak

The scale of the oil slide puts Monday's move in context. Brent has fallen more than 20% since the end of October, when it was trading at about $118 a barrel, and now stands at its lowest level since early September. Even so, it remains well above the $60 to $70 range seen before the Middle East conflict erupted earlier this year.

Analysts cautioned that peace was still far from certain. Both the United States and Iran reported attacks on shipping in or near the Strait of Hormuz on Monday, and a senior Iranian security official said Tehran had no plans to negotiate unless Washington took practical steps to meet conditions set out in an interim agreement. JPMorgan estimated last week that the global oil surplus was about 1.4 million barrels a day in October, as recovering Middle East exports and rising production elsewhere outpaced demand. This article is for information only and is not investment advice.