Ryanair is confident that Boeing will ramp up its production of 737 MAX jets to 38 per month this summer and will be allowed by U.S. President Donald Trump's administration to then increase that to 42,
Ryanair expects Boeing to produce 38 of its 737 MAX planes per month by the end of the summer and possibly up to 42 by October, subject to U.S. Federal Aviation Administration approval, Ryanair CEO Michael O'Leary said on Monday.
Ryanair ( RYAAY) ( OTCPK:RYAOF) Chief Executive Michael O’Leary estimates that plane maker Boeing ( NYSE: BA) will be able to lift output of its 737 Max jetliners to 38 a month by the end of summer and possibly to 42 by October if aviation authorities approve, Reuters reported Monday.
Boeing said on Tuesday it was making progress on increasing plane production, and its shares jumped nearly 8%, despite the company recording its biggest annual loss in four years.
The budget airline reported an increase in earnings after passenger numbers and average fares rose in the third quarter of fiscal 2025, but Boeing delivery delays are expected to weigh on the company next year.
Ryanair exceeded Q3 2025 expectations with strong revenue and net income. See why we recommend a buy on RYAAY stock.
Delays in Boeing 737 Max delivery impacted Ryanair ( NASDAQ:RYAAY) negatively, forcing Ryanair to revise its passenger forecast down to 206 million passengers only for the fiscal year 2026 from the initially anticipated 210 million passengers.
Ryanair has announced seven new London-Stansted routes but wants UK airport tax scrapped saying it is stifling growth in the UK economy.
Ryanair Holdings Plc lowered its passenger growth target for a second time in three months as Boeing Co. struggles to deliver aircraft following a debilitating strike by workers last year.
Ryanair has began construction of its new €40 million aircraft maintenance facility at Dublin Airport. The airline said the four-bay hangar will create over 200 "new highly paid and high skilled jobs" for engineers and mechanics. It will extend to 120,000sq feet and be "one of the most environmentally efficient hangars in the EU".
Ryanair has revised its passenger forecasts, citing delays in Boeing aircraft deliveries as the reason for postponing its goal of 210 million passengers to 2026