Latest news for Ryanair Hldgs (OTC:RYAOF) Stock

Ryanair Holdings PLC is the airline group by passenger numbers in Europe. The company has two segments: Ryanair DAC and Other Airlines. It derives maximum revenue from Ryanair DAC.

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Ryanair faces Boeing delivery uncertainties, with potential summer disruptions. CEO O&#39;Leary discusses challenges, schedule cuts, and potential passenger impact. Boeing delays prompt compensation talks.

Ryanair Faces Summer Turbulence as Boeing Delivery Delays Threaten Schedule

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Ryanair Hldgs

Ryanair Holdings Plc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#OTC">RYAAY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RYAOF#OTC">RYAOF</a>) is facing the prospect of receiving fewer&nbsp;Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) aircraft by the end of June than initially anticipated, according to CEO&nbsp;Michael O&#8217;Leary.&nbsp;



Ryanair&nbsp;runs one of the biggest fleets of Boeing aircraft, with around 230 currently in service, and has 300 of the company&#8217;s 737&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36679192/boeings-rough-ride-airline-industry-demands-tighter-safety-measures-as-stocks-nosedive" rel="noreferrer noopener">Max 10 models on order.</a>



In Early January,&nbsp;Alaskan Airlines&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALK#NYSE">ALK</a>)&nbsp;737 Max 9&nbsp;jet was forced to make an emergency landing after&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/01/36523143/im-going-to-die-passengers-experience-15-minute-nightmare-during-alaska-airs-harrowing-emergency" rel="noreferrer noopener">a door panel blew out in mid-flight.</a>



Ryanair is set to be the first in Europe to experience the repercussions of Boeing&#8217;s crisis and is expected to have 57 Boeing MAX 8200 planes by&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/01/36868284/boeings-suspends-outlook-after-q4-results-says-plug-issue-completely-under-control" rel="noreferrer noopener">the end of April</a>.&nbsp;



However, a recent communication from Boeing indicated a reduced delivery of around 50 aircraft by the end of June, Reuters noted, prompting uncertainty and potential disruptions to Ryanair&#8217;s summer schedule.



Boeing acknowledged the situation, expressing regret for the impact on Ryanair and attributing delays to ensuring regulatory standards.



In response to the potential shortage, O&#8217;Leary revealed that Ryanair might need to make minor schedule cuts, affecting capacity during the peak summer travel season.



The delivery delays could result in Ryanair carrying only 200 million passengers for the financial year starting in April, down from the previous forecast of 205 million.&nbsp;



O&#8217;Leary highlighted the challenges, stating that further disruptions could affect the airline&#8217;s competitiveness against rivals like&nbsp;easyJet Plc&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/EJTTF#OTC">EJTTF</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ESYJY#OTC">ESYJY</a>)



In light of the delays, Ryanair is reportedly discussing compensation with Boeing.&nbsp;



As per the Financial Times&nbsp;<a target="_blank" href="https://www.ft.com/content/a00a1875-a3ee-4c38-aee8-8267cc1459fe" rel="noreferrer noopener">report</a>, O&#8217;Leary expressed frustration with the situation, labeling it a &#8220;shitshow&#8221; in Seattle, and emphasized the focus on obtaining the ordered airplanes.&nbsp;



He also hinted at passing some of the cost to customers, with potential price increases of 5%-10% this summer and average fares rising by 10-15 euros over the next five years.



While Ryanair grapples with Boeing&#8217;s production issues, other airlines like&nbsp;Lufthansa&nbsp;and&nbsp;TUI&nbsp;are taking mitigating steps to address potential delays.&nbsp;



Analysts anticipate rising ticket prices across the sector due to general supply chain delays.&nbsp;



O&#8217;Leary remained open to additional Boeing orders if other carriers dropped their orders, signaling a potential opportunity for Ryanair&#8217;s growth in 2027 or 2028.



Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo via Wikimedia Commons

U.S. Federal Aviation Administration (FAA) has reportedly given the green light to&nbsp;Boeing Co&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) to initiate crucial flight tests on its 737 MAX 10 aircraft, marking a significant step toward readying the jet&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/10/35050775/ambitious-flight-path-boeing-sets-eyes-on-record-737-output-by-mid-2025-report" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for commercial operations</a>.&nbsp;

The FAA approval sets the stage for Boeing&#39;s initial deliveries scheduled for the upcoming year.

Citing the communication addressed to employees, the Wall Street Journal&nbsp;<a class="editor-rtfLink" href="https://www.wsj.com/business/airlines/faa-clears-boeing-737-max-10-jet-for-test-flights-e8ad215f?mod=lead_feature_below_a_pos1" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">notes</a>&nbsp;that the 737-10 is the largest offering within Boeing&#39;s MAX family of single-aisle planes.&nbsp;

Notable carriers such as&nbsp;United Airlines Holdings Inc&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>),&nbsp;Ryanair Holdings AG&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/RYAAY#OTC">RYAAY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/RYAOF#OTC">RYAOF</a>),&nbsp;Air India, and&nbsp;SunExpress&nbsp;have already placed orders for these jets, signifying considerable market interest.

Boeing&#39;s journey in recent years has been fraught with challenges, including delays and obstacles in getting new aircraft into service, particularly concerning the restart of deliveries for its 737 MAX planes following two tragic crashes that led to their&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/10/29300850/another-setback-for-boeings-potential-737-max-7-approval-some-submissions-rendered-incomplete" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">grounding in 2019</a>.

Although Boeing had anticipated FAA certification for the MAX 10 by the previous year, subsequent delays pushed the timeline further. Earlier projections from Boeing executives hinted at an approval expected late&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/government/22/11/29677330/us-government-watchdog-to-review-faas-oversight-of-two-safety-features-on-boeing-737-max" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">this year or early 2024</a>.

Boeing still awaits FAA certification for its MAX 7 and 777X models. Initial plans to commence MAX 7 deliveries this year have faced delays. Similarly, the 777X, initially targeted for 2020, is now slated for customer delivery by 2025 due to several setbacks.

Price Action:&nbsp;BA shares are up 1.07% at $220.61 on the last check Wednesday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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