Boeing delays could hike summer air fares by 10%, Ryanair warns

Boeing delays could hike summer air fares by 10%, Ryanair warns

Ryanair, the largest low-cost airline in Europe, has warned that its customers may have to pay up to 10% more for their summer flights due to problems with Boeing aircraft. The airline said that it expected to receive 50 of the new Boeing Max 737-8200s by March, but now it may only get 40 to 45, which could force it to cut some of its schedules and reduce its capacity.

The airline blamed Boeing for the delivery delays, saying that the US manufacturer had quality control issues that affected its production and delivery rates. It cited the recent incident where a part of the fuselage of an Alaska Airlines Max-9 blew out in midair, which prompted the US regulator, the Federal Aviation Administration, to scrutinize Boeing more closely.

Ryanair’s chief executive, Michael O’Leary, said that the airline was negotiating compensation with Boeing, but its main priority was to get the planes delivered as soon as possible. He said that the airline had found some minor defects in some of the recent deliveries, such as rags or spanners left under the floorboards, which indicated a lack of attention to detail.

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O’Leary said that the shortage of planes would lead to a higher demand and a higher fare environment in Europe this summer, as other airlines also faced capacity constraints due to issues with Airbus planes and their engines. He said that Ryanair’s average fares rose by 17% in summer 2023, and he expected another 5 to 10% increase this year.

Chief executive Michael O’Leary said Ryanair was negotiating compensation with Boeing for the delivery delays. Photograph: Wolfgang Rattay/Reuters

He also expressed his confidence in Boeing’s products, saying that they were great aircraft and that he hoped Boeing would soon overcome its challenges and restore its reputation. He said that Ryanair and its successor, who has not been named yet, would continue to look for attractive opportunities to invest in and grow the airline.

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The combined military expenditure of the 27 NATO members in Europe grew by 4.2% in 2023, reaching $286 billion. The largest increases were recorded by Poland (10.8%), Germany (10.4%), and France (8.3%).

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Source : THE GUARDIAN

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