Ryanair CEO Says Now Expecting 50 Aircrafts From Boeing By End Of June Instead Of 57 Expected By April Due To Boeing Delivery Delays; We Think We Can Lose 2M Or 3M Passengers This Year Due To Delivery Delays
Portfolio Pulse from Benzinga Newsdesk
Ryanair's CEO announced a reduction in expected aircraft deliveries from Boeing, with 50 aircraft now expected by the end of June instead of 57 by April. The delays may result in a loss of 2 to 3 million passengers for Ryanair this year.
January 23, 2024 | 1:32 pm
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NEGATIVE IMPACT
Boeing faces delivery delays, resulting in fewer aircraft being delivered to Ryanair by June, potentially impacting Boeing's revenue and stock price.
Boeing's inability to meet the original delivery schedule could signal operational inefficiencies or production issues, which may concern investors and negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Ryanair expects to lose 2 to 3 million passengers this year due to Boeing's delivery delays, which could negatively affect its revenue and stock price.
The anticipated loss of millions of passengers due to the reduced fleet expansion could lead to lower revenue for Ryanair, which is likely to be viewed unfavorably by investors, pressuring the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90