Ryanair Puts Expansion Ahead of Profit With Boeing Jet Binge
- Growth will pivot away from the U.K. amid Brexit concerns
- ‘There’s a huge amount of opportunities’ across Europe
Ryanair CEO Sees Summer Demand Spike From BA Outage
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Ryanair Holdings Plc plans to add even more planes to Europe’s increasingly crowded skies as the budget carrier bets it can win a fare war with struggling rivals, even if that means slower profit growth.
Europe’s biggest budget airline plans to add at least 47 Boeing Co. 737 planes to its fleet by March 2018, a 12 percent expansion. That compares with the Dublin-based company’s forecast for 8 percent growth in net income. Ryanair’s plans were accelerated as it extended leases on 10 jets through 2019. The airline’s also in talks with Boeing to add two or three more aircraft to its existing delivery schedule.