financetom
Business
financetom
/
Business
/
Exclusive-Ryanair to cut traffic estimate for next year due to plane delivery delays
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-Ryanair to cut traffic estimate for next year due to plane delivery delays
Oct 17, 2024 1:16 PM

BRUSSELS (Reuters) - Ryanair will have to revise down its passenger traffic estimates for next year because of expected aircraft delivery delays from Boeing ( BA ), the budget airline's group CEO Michael O'Leary told Reuters on Wednesday.

"We were supposed to get 20 deliveries before the end of December. They'll probably come now in January and February, and that's fine. We'll have them in time for next summer. The big issue for Ryanair is we're due 30 aircraft in March, April, May and June of next year, and how many of those will we get?" O'Leary said in an interview.

"We want to avoid next year what we had this year. We had geared up, we crewed up the 50 aircraft, and then we only got 30 .... we were overcrowded, over-staffed. We took a significant cost penalty this year," he added.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: White House Weighs Executive Order to Expedite Deep-Sea Mining, Bypass UN Oversight
Market Chatter: White House Weighs Executive Order to Expedite Deep-Sea Mining, Bypass UN Oversight
Mar 31, 2025
02:11 PM EDT, 03/31/2025 (MT Newswires) -- The White House is considering an executive order to expedite deep-sea mining permits, potentially bypassing the United Nations-backed International Seabed Authority, Reuters reported Monday, citing two people with direct knowledge of the deliberations. The order, if signed, would allow miners to seek approval through the US Department of Commerce's National Oceanic and Atmospheric...
Enterprise Group Announces Stock Buyback
Enterprise Group Announces Stock Buyback
Mar 31, 2025
01:47 PM EDT, 03/31/2025 (MT Newswires) -- Enterprise Group ( ETOLF ) on Monday said the Toronto Stock Exchange has accepted its notice to launch a normal course issuer bid (NCIB). Enterprise may buy back up 5.62-million shares from April 2 for one year. The company's shares were last seen up $0.01 to $1.38, on the Toronto Stock Exchange. Price:...
Oncocyte Files Secondary Stock Shelf
Oncocyte Files Secondary Stock Shelf
Mar 31, 2025
01:57 PM EDT, 03/31/2025 (MT Newswires) -- Oncocyte ( OCX ) filed a registration statement Friday for the resale of up to around 10.6 million shares of its common stock by a selling shareholders from time to time. About 7.5 million shares for resale were issued in a private placement, while around 3.1 million shares are issuable upon the exercise...
AstraZeneca Says Investigational Drug Cuts LDL Cholesterol in Phase 2b Trial
AstraZeneca Says Investigational Drug Cuts LDL Cholesterol in Phase 2b Trial
Mar 31, 2025
01:55 PM EDT, 03/31/2025 (MT Newswires) -- AstraZeneca ( AZN ) said Monday its investigational drug AZD0780 combined with standard-of-care statins reduced low-density lipoprotein, or LDL, cholesterol by 50.7% at 12 weeks in a phase 2b trial, with no need for fasting or food restrictions. Among participants receiving AZD0780 30mg, 84% reached the recommended LDL-C target of under 70 mg/dL,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved