Ryanair may cut summer flights, raise fares due to fewer Boeing deliveries
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Ryanair may raise airfares by 10% and cut some summer flight routes due to fewer Boeing 737 Max aircraft deliveries than expected.
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Ryanair was supposed to receive 57 new Boeing aircraft by end of April, but now expects only 50 by end of June due to Boeing production delays.
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If Ryanair receives fewer than 40 new aircraft, it will likely have to cut some flight routes this summer and carry 200 million passengers versus 205 million forecast.
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Ryanair indicates ticket prices may rise 5-10% this summer due to aircraft delays, with average fares increasing 10-15 euros in next 5 years.
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Ryanair CEO offers stinging critique of Boeing, says "s---show going on in Seattle" with "broken promises" on aircraft deliveries.