Ryanair warns that passengers face higher flight prices this summer
Ryanair has announced that operational challenges, stemming from Boeing's delayed aircraft deliveries, will force the airline to scale back its operations for the upcoming summer season which in turn will push prices up for passengers as less seats will be available to main destinations.
Originally expecting 57 Boeing 737-MAX8200 planes ordered for the peak season to be delivered, Ryanair now anticipates only receiving around 40 due to manufacturing delays.
CEO Michael O'Leary emphasised the dual challenge posed by Boeing's delays and the grounding of rival Airbus A320 fleets across Europe. The combination of these factors will result in reduced capacity during the summer season, leading to higher airfares. O'Leary urged customers to book early to secure the lowest possible prices.
This aircraft shortfall not only impacts Ryanair's summer schedule but also prompts a revision of its fiscal year targets. The airline has adjusted its passenger target down to a maximum of 200 million, from the initial goal of 205 million.
To address these challenges, the airline has implemented schedule changes, including frequency reductions and timetable changes for July, August, and September. Airports with increased operational costs are among those affected, and impacted passengers will be notified of these changes.
Despite these setbacks, Ryanair remains committed to working closely with Boeing to expedite the delivery of the delayed aircraft. O'Leary conveyed the airline's unwavering support for Boeing, acknowledging temporary challenges and expressing hope that Boeing's management will address production and quality issues.
In response to the operational disruptions, Ryanair is exploring growth opportunities for September and October, as the airline aims to maintain its commitment to providing competitive fares.
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