Ryanair to Cut Summer Schedules on Boeing Aircraft Delivery Delays

By Anthony O. Goriainoff

Ryanair Holdings said it will have to make schedule cuts for the summer season after confirming it now expects Boeing to deliver only 40 of the 57 aircraft it has ordered and which were due for delivery before the end of June.

The Irish low-cost carrier said the delays, combined with the grounding of up to 20% of its competitors' Airbus fleets due to the Pratt & Whitney engine issues, will lead to higher air fares in summer as capacity constrains.

The airline said the delays in delivery will result in changes to its schedule and will reduce fiscal 2025's traffic to just under 200 million passengers, down from its original target of 205 million. The airline said it will reduce frequencies on existing routes rather than cut new routes for July, August and September.

Ryanair said it will work with Boeing to accept aircraft deliveries during these peak months but that given the delivery uncertainties it won't be able to put these aircraft on sale for the summer 2024 season.

Write to Anthony O. Goriainoff at anthony.orunagoriainoff@dowjones.com

(END) Dow Jones Newswires

March 01, 2024 03:46 ET (08:46 GMT)

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