Investing.com -- Barclays has upgraded Wizz Air to “equal weight” from “underweight” and raised its price target from £9 to £11, citing the carrier’s exit from Abu Dhabi as a strategic correction, in a note dated Thursday.

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.

Air Arabia Abu Dhabi plans to boost its operational capacity by 40% in 2025, capitalizing on the gap left by Wizz Air Abu Dhabi’s decision to cease operations from September.