Wizz Air says it will suspend its Abu Dhabi operations starting Sept. 1. The Hungarian low-cost airline cited geopolitical instability, supply chain issues, and limited market access as key challenges.

Barclays upgraded Wizz Air on Thursday to ‘equalweight’ from ‘underweight’ and lifted the price target to 1,100p from 900p as it said the decision to exit Abu Dhabi was a "strategic positive".

Low-cost carrier Wizz Air said on Monday it would exit its Abu Dhabi operations and suspend all locally based flights from September due to operational challenges and geopolitical developments in the Middle East.