The Ryanair Group will only receive 2024 Boeing 40-Max-737s from the US aircraft manufacturer by the end of June 200. The low-cost airline had to admit that this was 17 fewer aircraft than originally agreed.
This now has consequences, because Ryanair says it has calculated the 2024 summer flight schedule with 50 additional Boeing 737-Max-200s. Now around ten routes have to be removed from the program in the months of July, August and September 2024. This is purely mathematical, because the carrier only wants to reduce the frequencies if possible.
For example, capacities have already been cut in Dublin, Milan-Malpensa, Warsaw-Moldin and four Portuguese airports. However, the company does not justify this primarily with delivery delays; rather, the affected airports are described as particularly expensive. In the case of Modlin, this representation can be questioned because the low-coster has been in a dispute with the regional airport for a long time, whose only scheduled customer it is. This is mainly about a larger terminal required by Ryanair.
Commenting on the latest delivery delays, CEO Michael O'Leary said: "We are very disappointed by Boeing's recent delivery delays, but we continue to work with Boeing to maximize the number of new B737 aircraft we receive by the end of June. so that we can reliably release them for sale to customers during the summer 2024 peak season. We will now work with Boeing to cover delayed aircraft deliveries in August and September 2024 to allow Boeing to clear its backlog. We regret the inconvenience caused to some customers and our airport partners by these forced summer schedule changes, which will reduce our full-year traffic growth from 184 million in fiscal 2024 to 198 million to 200 million in fiscal 2025. We are working with our airport partners to allow them some growth, albeit later in September and October (rather than July and August). This traffic growth can only be achieved at lower tariffs in these marginal months. Boeing continues to have Ryanair's full support in addressing these temporary challenges, and we are confident that the senior management team led by Dave Calhoun (CEO) and Brian West (CFO) will address these production delays and quality control issues in both Wichita and Seattle will eliminate. We expect that these recent Boeing delivery delays, over which Ryanair unfortunately has no influence, combined with the grounding of up to 20% of our Airbus competitors' A320 fleets in Europe in the summer of 2024, will result in limited capacity and slightly higher fares for consumers in Europe. We therefore urge all Ryanair customers to book early to secure the lowest available flight prices for summer 2024.”