Slows S20 growth due to Boeing Max delays

Released : 04/12/2019 12:00

 

RNS Number : 6557V

Ryanair Holdings PLC

04 December 2019

 

RYANAIR SLOWS S.2020 GROWTH DUE TO BOEING MAX DELAYS

 

NUREMBERG (2 AIRCRAFT) AND STOCKHOLM SKAVSTA (4) TO CLOSE IN MARCH

 

Ryanair Holdings plc today (4 Dec) updated investors on further delivery delays of the B737 MAX aircraft for summer 2020. Ryanair has again revised its S.2020 schedule based on receiving just 10 MAX aircraft rather than the 20 as previously planned.

 

As a result, expected traffic growth for FY21 (y.e. 31 March 2021) is cut from 157m guests to 156m. This shortfall in MAX aircraft deliveries will necessitate the closure of two more bases in S.2020; Nuremberg and Stockholm Skavsta. We also expect to cut summer capacity in a number of other existing bases, and we are currently in discussions with our people, our unions, and our affected airports to finalise these minor reductions.

 

Ryanair DAC CEO Eddie Wilson said:

 

"We regret these two further base closures and minor capacity cuts at other bases which are solely due to further delivery delays to our Boeing MAX aircraft. We are continuing to work with Boeing, our people, our unions and our affected airports to minimise these capacity cuts and job losses".

 

ENDS

 

For further information

 

please contact:           Alejandra Ruiz                                              Piaras Kelly

 

                                    Ryanair DAC                                               Edelman Ireland

 

                                    Tel: +353-1-9451799                                   Tel: +353-1-6789333

 

                                    press@ryanair.com                                     ryanair@edelman.com

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

 

END