Ryanair Trims Autumn Winter Schedule Due To Boeing Delivery Delays
Portfolio Pulse from Nabaparna Bhattacharya
Ryanair Holdings Plc (NASDAQ:RYAAY) has announced reductions to its Winter 2023 schedule due to aircraft delivery delays from Boeing Company (NYSE:BA). Ryanair had expected to acquire 27 aircraft between September and December, but due to production issues at Spirit Fuselage and logistical setbacks at Boeing, this has been revised to 14 aircraft. Ryanair is working with Boeing to accelerate deliveries from January to May 2024. As a result of these delays, Ryanair will make several adjustments to its Winter 2023 schedule.
September 29, 2023 | 1:16 pm
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NEGATIVE IMPACT
Boeing's delivery delays have caused Ryanair to reduce its Winter 2023 schedule. Ryanair is working with Boeing to accelerate deliveries.
Boeing's delivery delays could negatively affect its reputation and investor sentiment, potentially leading to a decrease in its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
NEGATIVE IMPACT
Ryanair's schedule reductions due to Boeing's delivery delays may impact its full year traffic target. The company is working with Boeing to accelerate deliveries.
Ryanair's schedule reductions and potential impact on its full year traffic target could negatively affect investor sentiment and the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100