Ryanair (LON:0RYA)'s summer capacity is likely to be affected due to escalating delivery delays from supplier Spirit Aerosystems Holdings Inc. for Boeing (NYSE:BA)'s mainstay narrowbody jet, the 737 Max. The announcement was made by Ryanair's CEO Michael O’Leary at a Brussels Airlines meeting on Thursday.
O'Leary stated that the airline now anticipates receiving only 10 out of the initially expected 27 aircraft by December. This could lead to the airline receiving just 40 aircraft by June, affecting its ability to meet the revised passenger count of 183.5 million this year and its target of 200 million next year. The anticipated shortfall comes amidst a surge in demand induced by the pandemic.
Although Ryanair considers Airbus as an alternative on a daily basis, the unavailability of Airbus planes until 2030 has deterred the airline from switching suppliers.
In response to these issues, Boeing expressed its commitment to supporting Ryanair. However, news of the delays impacted Boeing's share price during New York trading, erasing premarket gains.
In contrast to Ryanair's predicament, EasyJet Plc has placed an order for 157 Airbus aircraft with an additional option for 100 more, indicating a shift in market dynamics within the aviation industry.
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