Shares in ‌the carrier fell more than 5% in early trade. The carrier also swung to a first-quarter operating loss of €183.3 million ($211.7 million), ‌highlighting the pressure facing European budget airlines as ‌they are forced to absorb ballooning fuel costs while customers ‌still demand cheap seats. Wizz Air ‌said second-quarter revenue per available seat kilometre would fall by a low single-digit percentage year-on-year, even as it ‌guided for seat capacity growth of up to high-twenties ⁠percentage. The company's results echo the strain flagged by rival Ryanair, and lay bare a widening split in European aviation where full-service flag ⁠carriers are proving ⁠far more resilient to the war than budget operators. The company, whose balance sheet analysts have flagged as among the sector's most exposed, has insisted it has ample liquidity to ride out the turbulence.