Ryanair CEO Said It Will Take 12-18 Months For Boeing To Eliminate Backlogs In Deliveries
Portfolio Pulse from Charles Gross
Ryanair's CEO announced it will take Boeing 12-18 months to clear its current backlog of deliveries, according to Reuters. This statement directly impacts Boeing and its suppliers, including Spirit AeroSystems, as well as Ryanair itself.
April 24, 2024 | 9:15 am
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NEGATIVE IMPACT
Ryanair's operations may be impacted by Boeing's 12-18 month timeline to clear delivery backlogs.
As a major customer of Boeing, Ryanair's fleet expansion and operational efficiency could be negatively impacted by the prolonged timeline for aircraft deliveries, potentially affecting its stock price.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Spirit AeroSystems, as a key supplier to Boeing, may face implications from the delivery backlog timeline.
Spirit AeroSystems, being a significant supplier to Boeing, could experience delays or adjustments in orders and schedules, potentially affecting its financial performance and stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Boeing is expected to take 12-18 months to clear its delivery backlogs, as stated by Ryanair's CEO.
The statement from Ryanair's CEO highlights operational challenges for Boeing, which may affect investor sentiment. However, the clear timeline for resolving backlogs could also reassure investors about future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90