London Mail
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
  • Home
  • World
  • News
  • Opinion
  • Business
  • Tech
  • Science
  • Sports
  • Lifestyle
  • Health
  • Motering/Cars
  • More
    • Entertainment
    • Travel
    • Crypto
    • Food
    • Home Improvment
      • Real Estate
    • Press Release
No Result
View All Result
London Mail
No Result
View All Result
Home Business

FTSE miners plunge as stocks hit lowest level in over two years

by London Mail
February 28, 2024
in Business
Reading Time: 2 mins read
0
SHARES
Share on FacebookShare on Twitter

The cost of summer flights could go up by as much as 10pc, the boss of Ryanair has warned, as he warns of a potential shortage of new planes.

Michael O’Leary has said that Ryanair will receive even fewer Boeing aircraft by the end of June than previously expected, potentially causing the budget carrier to cut its summer schedule at the busiest time of the year.

The Dublin-based airline is the first in Europe to warn of disruption due a deepening crisis at Boeing, which has been mired in a regulatory audit and has been prohibited from ramping up 737 Max production since the January 5 mid-air panel blowout of a new Alaska Airlines Max 9.

Ryanair was due to receive 57 Boeing Max 8200 planes by end-April, but just over a week ago Boeing told the airline it would receive around 50 aircraft by end-June, Mr O’Leary said. That could now change.

According to Mr O’Leary:

We don’t really know how many aircraft we’re going to get from Boeing. We’re pretty sure we’re going to get 30 to 40. We’re reasonably confident we’re between 40 and 45. And now we are far less confident we’re going to get between 45 and 50.

A Boeing spokesman said:

We are communicating with customers that some delivery schedules may change as we take the necessary time to make sure that every airplane we deliver is high quality and meets all customer and regulatory requirements.

We deeply regret the impact this is having on our valued customer Ryanair. We’re working to address their concerns and taking action on a comprehensive plan to strengthen 737 quality and delivery performance.

The delays mean Ryanair might have to remove some flights from its summer schedule, Mr O’Leary said, cutting capacity for what is expected to be a record summer of travel.

“If we only get 40, by the end of March we will have to announce some minor schedule cuts,” he said.

That means Ryanair is likely to carry only 200 million passengers for the financial year beginning in April, versus the 205 million previously forecast.

Further capacity constraints could make the carrier less competitive against low-cost rivals like easyJet.

Mr O’Leary said he would pass some of the costs of delays to customers, with prices rising by about 5pc to 10pc this summer.

Source link

Related Posts

The Rachel papers: Chancellor Reeves’ first year is no cause for celebration
Business

The Rachel papers: Chancellor Reeves’ first year is no cause for celebration

July 3, 2025
Welfare U-turn will cost £2.5bn by 2030, Liz Kendall tells MPs
Business

Welfare U-turn will cost £2.5bn by 2030, Liz Kendall tells MPs

June 30, 2025
M&S boss criticises post-Brexit food labelling as ‘bureaucratic madness’
Business

M&S boss criticises post-Brexit food labelling as ‘bureaucratic madness’

June 27, 2025
Next Post
PlayStation Portal UK stock – More bad news for customers looking to make a purchase | Gaming | Entertainment

PlayStation Portal UK stock - More bad news for customers looking to make a purchase | Gaming | Entertainment

Letters: The lockdown is turning back the clock on women’s lives in Britain

Letters: The lockdown is turning back the clock on women’s lives in Britain

Keir Starmer backs Angela Rayner in dispute over her council home as he says he has ‘absolute confidence’ in his deputy

Keir Starmer backs Angela Rayner in dispute over her council home as he says he has 'absolute confidence' in his deputy

Recommended

Farmer in Colorado catches H5N1 bird flu – becoming fourth person to be infected with deadly virus

Farmer in Colorado catches H5N1 bird flu – becoming fourth person to be infected with deadly virus

1 year ago
Elon Musk scraps free lunches at Twitter to save $13m a year

Elon Musk scraps free lunches at Twitter to save $13m a year

2 years ago
Bank of England will cut interest rates in August, says Goldman Sachs

Bank of England will cut interest rates in August, says Goldman Sachs

1 year ago
Questions over France’s role in the Falklands conflict

Questions over France’s role in the Falklands conflict

2 years ago

Categories

  • Business
  • Crypto
  • Entertainment
  • Food
  • Health
  • Home Improvment
  • Lifestyle
  • Motering/Cars
  • News
  • Opinion
  • Press Release
  • Real Estate
  • Science
  • Sports
  • Tech
  • Travel
  • World
No Result
View All Result

Highlights

Philips flexi draw air fryer that makes food ‘ridiculously crispy’ drops from £160 to £90

Lewis Hamilton reveals one favourite food he can’t eat before British Grand Prix

Revealed: The 3 nicknames that mean your relationship is doomed to fail – so, are YOU guilty of using them?

The history book named one of 2024 ‘best’ that’ll get you out of ‘a reading rut’ | Books | Entertainment

Super-fit mum, 39, dying from bowel cancer shares the common symptom she wishes she hadn’t ignored

The beautiful city crowned most walkable in the USA

London Mail

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved

Navigate Site

  • Home
  • About
  • Advertise
  • Contact

Follow Us

No Result
View All Result
  • Home
  • Tech
  • News
  • Business
  • Science
  • Health
  • Sports
  • Lifestyle
  • Travel
  • Opinion

London Mail | Stay Informed, Stay Inspired ©2025, All rights Reserved