Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and will be allowed by U.S. President Donald Trump's administration to then increase that to 42,
Ryanair expects Boeing to produce 38 of its 737 MAX planes per month by the end of the summer and possibly up to 42 by October, subject to U.S. Federal Aviation Administration approval, Ryanair CEO Michael O'Leary said on Monday.
Ryanair expects to receive 38 Boeing 737 planes by the end of the summer and possibly up to 42 by October if the U.S. Federal Aviation Administration approves deliveries of the additional jets, Ryanair CEO Michael O'Leary said on Monday.
Ryanair has announced seven new London-Stansted routes but wants UK airport tax scrapped saying it is stifling growth in the UK economy.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
Delays in Boeing 737 Max delivery impacted Ryanair ( NASDAQ:RYAAY) negatively, forcing Ryanair to revise its passenger forecast down to 206 million passengers only for the fiscal year 2026 from the initially anticipated 210 million passengers.
Ryanair ( RYAAY) ( OTCPK:RYAOF) Chief Executive Michael O’Leary estimates that plane maker Boeing ( NYSE: BA) will be able to lift output of its 737 Max jetliners to 38 a month by the end of summer and possibly to 42 by October if aviation authorities approve, Reuters reported Monday.
The budget airline reported an increase in earnings after passenger numbers and average fares rose in the third quarter of fiscal 2025, but Boeing delivery delays are expected to weigh on the company next year.
Budget airline Ryanair on Monday reported stronger-than-expected after-tax profit for the three months through to the end of December.
Boeing CEO Kelly Ortberg said the company was “seeing encouraging signs” as it tries to turn around following a rough 2024.
Ryanair said it expects to take delivery of nine Boeing 737 MAX aircraft ahead of its peak summer season, fewer than expected, and as a result will cut its forecast for passenger numbers in the 12 months to March 31, 2026, to 206 million from 210 million.