Skip to main content

Ryanair eyes ticket price increases from Boeing 737 Max troubles

Image
By
Ryanair eyes ticket price increases from Boeing 737 Max troubles

Ryanair eyes ticket price increases from Boeing 737 Max troubles

Fund next-gen business journalism with $10 a month

Search

Free Newsletters

Ryanair may raise summer ticket prices as Boeing's troubles raise costs

Boeing’s troubles are seeping into airlines preparing for summer travel — the busiest time of the year. Budget-airline Ryanair has warned that a delay in deliveries of Boeing planes could lead to rising fares and cuts to its summer schedule.

Ryanair CEO Michael O’Leary said Friday that the airline was due to receive 57 Boeing MAX 8200 planes by the end of April, but was recently told by Boeing it would instead deliver about 50 aircraft by the end of June.

“We don’t really know how many aircraft we’re going to get from Boeing,” O’Leary said in a press briefing reported by BBC and Reuters. “We’re pretty sure we’re going to get 30 to 40. We’re reasonably confident we’re between 40 and 45. And now we are far less confident we’re going to get between 45 and 50.”

Due to the delay, O’Leary said some of the cost would be passed to customers, leading to price increases about 5% to 10% this summer. Meanwhile, average fares could rise by 10 to 15 euros over the next five years, he said.

O’Leary said Ryanair might have to make some minor cuts to its summer schedule if it only receives 40 planes by the end of March. As a result, Ryanair would likely carry around 200 million travelers for the fiscal year starting in April — short of the projected 205 million, according to Reuters.

Boeing said in a statement that it has told its airline customers deliveries could be delayed as it overcomes issues with its planes and takes time to make sure its aircraft “meets all customer and regulatory requirements” — namely after an incident in January in which the panel of a Boeing 737 Max 9 plane ripped off during an Alaska Airlines flight.

“We deeply regret the impact this is having on our valued customer Ryanair,” Boeing said. “We’re working to address their concerns and taking action on a comprehensive plan to strengthen 737 quality and delivery performance.”

O’Leary added that if other carriers, including United Airlines, decide to cancel orders of Boeing’s MAX 737 10, Ryanair would buy them.

“I’d be delighted to take them as long as they get the right price,” he said. “It would give us some growth in 2027 or 2028.”

📬 Sign up for the Daily Brief

Our free, fast, and fun briefing on the global economy, delivered every weekday morning.

Labels:

Comments

Post a Comment

Popular posts from this blog

Unlock the Secrets to Hiring the Right Roofer Near You!

By
Do you want to take care of your home but don't know which roofer to choose? Looking for a roofer near you is a smart place to start! Local roofers know the area and what materials are best for your home. In this article, we'll explore why hiring a local roofer is beneficial. We'll also provide advice on how to find a trustworthy service that can meet your roofing needs! Roofer Near Me Finding a roofer near you is important for many reasons. Firstly, local roofers are familiar with the weather conditions in your area. If it rains a lot or snows heavily, they know what materials work best for your home. They can also give advice based on local building codes and regulations. Plus, hiring someone nearby means they can respond quickly if you need repairs. Next, it's essential to check reviews before choosing a roofer. Look for feedback online from previous customers. A roofer with many positive reviews is usually a safe bet. Don't hesitate to ask friends or family...
Post a Comment
Read more

Why Searching for a Roofer Near Me Could Change Everything!

By
Have you ever wondered why it's so important to find a roofer nearby? It all comes down to convenience and trust. A local roofer knows the area and can provide personalized service that larger companies might not offer! In this article, we will explore why choosing a local roofer near you can be beneficial. By the end, you'll have a better handle on how to select the best roofer for your needs! Roofer Near Me When you need a roof repair or replacement, the first step is to find a roofer near you. It's important to choose someone who knows the area and can provide personalized service. Plus, having a local roofer makes it easier to communicate and discuss your specific needs. To start your search, ask friends or family for recommendations. Personal referrals are often the best way to find a reliable roofer. You can also check online reviews and ratings to see what others are saying about local roofers. Once you have a few names, it's time to do some more research. L...
Post a Comment
Read more

The Secret to a Cleaner Home? Chicago Dumpster Rentals!

By
Imagine how nice it would feel to finally have a clean space! When you rent a dumpster, you're getting a convenient way to dispose of unwanted items. Chicago residents are fortunate to have many options when it comes to dumpster rentals! In this article, we will discuss some of the benefits of using dumpster rental services and how they can make your life easier. Dumpster Rental Services Chicago When you decide to rent a dumpster in Chicago, you might wonder how it works. First, you choose the size of the dumpster you need, depending on how much stuff you want to get rid of. There are usually several sizes available. If you are not sure what size to get, the rental company can help you figure it out. Next, the company will deliver the dumpster to your location. They can place it right where you need it, like in your driveway or yard. You can then fill it up at your own pace! There is usually a time limit, but it's generally enough time to get everything done, whether you...
Post a Comment
Read more