Ryanair warns of base closures, job losses on delay in Boeing MAX delivery
Reuters
Published Dec 04, 2019 07:51AM ET
Ryanair warns of base closures, job losses on delay in Boeing MAX delivery
(Reuters) - Ryanair Holdings Plc (I:RYA) said on Wednesday it would receive just half of the planned 20 Boeing (N:BA) 737 MAX aircraft deliveries, leading to closure of two bases and cutting of its summer capacity at other bases, putting jobs at risk.
Europe's biggest budget airline said it would close its bases at Nuremberg and Stockholm Skavsta in the summer of 2020. It revised its passenger load traffic forecast for full year 2021 to 156 million from 157 million stated earlier.
"We are continuing to work with Boeing, our people, our unions and our affected airports to minimize these capacity cuts and job losses," said Eddie Wilson, chief executive of Ryanair's main airline.
The company blamed the revision to its summer 2020 schedule on receiving just 10 MAX aircraft instead of 20 as previously planned.
Ryanair, one of Boeing's biggest customers, said in November it expects further delay to its Boeing MAX 737 deliveries and may still be without the jets next summer.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.