2024-08-28 09:21:02
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Boeing delivery delays have cost Ryanair millions of passengers, the Irish company’s boss Michael O’Leary said on Tuesday, noting that falling ticket prices that weighed on its first year results should ease this year. “Boeing delivery delays threaten growth” Ryanair’s Michael O’Leary told a news conference in London that the airline expects to carry 5 million fewer passengers in its annual financial year than the 205 million it had initially planned.
The company is a major Boeing customer with an order for 350 Boeing 737s, but the manufacturer has recently suffered setbacks and delays in aircraft deliveries. “We were supposed to get seven in July. We got five. We were expecting 10 in August. We’ll be lucky if we get five.”details about Michael O’Leary. “It’s very frustrating dealing with Boeing right now. I think (Boeing Commercial Airplanes boss) Stephanie Pope and the new team are doing a good job, but we would like to see more signs that the delivery delays this winter will be made up.”he added.
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Passenger numbers decreased by 5 million
Bosses estimate that five million fewer passengers transported this summer could result in a loss of around €500 million in turnover. “Boeing certainly paid us modest compensation, but I would prefer” The low-cost carrier has also been under pressure, with average fares in the first quarter to the end of June falling 15% from a year earlier: like some rivals, it has had to run promotions to fill empty aircraft due to a lack of sufficient demand, he said.
Ryanair specifically cited high interest rates, particularly on property loans, as putting pressure on household finances. “Good news for our customers, bad news for our shareholders”But now the decline in prices from one year to the next appears to be slowing and should show “A drop of about 5%” He added that this year. Ryanair shares rose 4.40% to 15.78 euros on the Dublin Stock Exchange around 3:00 pm GMT.
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