Ryanair CEO wants Boeing to pay his budget airline compensation after Alaska Airlines incident puts summer travel season under threat [Fortune]
Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares (RYAAY)
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Source: Fortune
Ryanair initially expected 57 Boeing 737 Max jets by June, but the airline's CEO isn't so sure anymore. “Our growth has been constrained because at this point in time we don't really know how many aircraft we're going to get from Boeing,” O'Leary said during a private media briefing on Friday, according to the Financial Times The Irish group operated 3,000 flights weekly last summer. But this time around, it could be forced to cut flights and hike fares by as much as 10% in response to cope with the season's demand. The Ryanair chief is also looking to be compensated by Boeing as the delays persist with aircraft deliveries, hurting its ability to service passengers during peak travel season. “Boeing would try to claim that it's excusable. I think we will get some modest compensation out of Boeing. But our focus is not getting compensation out of Boeing, our focus is getting the bloody aeroplanes out of them,” O'Leary said. Impact of Boeing scrutiny Boeing has been caught
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Analyst Actions
- 4/4/24 - Evercore ISI Group
RYAAY
Sec Filings
- 5/2/24 - Form 6-K
- 5/2/24 - Form 6-K
- 5/1/24 - Form 6-K
- RYAAY's page on the SEC website