Ryanair Warns of Summer Schedule Cuts on Boeing Jet Delays
- Aircraft shortages likely to raise fares, CEO O’Leary says
- Irish discounter may carry fewer passengers than forecast
Ryanair makes most of its money in the summer season and cuts to its schedule mean lower revenue.
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Ryanair Holdings Plc warned that it could be forced to pare back its schedule in the peak summer travel season amid fresh delays in jet deliveries from Boeing Co.
The Irish discount carrier may receive fewer than 40 Boeing 737 Max jets before the end of June, Chief Executive Officer Michael O’Leary said. A shortfall of that magnitude would force Ryanair to cut its annual passenger forecast to 200 million people from 205 million for the coming fiscal year, he said at a media briefing in Dublin.