Ryanair Warns of Job Losses, Base Closures Amid Boeing MAX Delays
04 Dicembre 2019 - 01:48PM
Dow Jones News
By Adria Calatayud
Ryanair Holdings PLC (RY4C.DB) warned Wednesday that it will cut
jobs and close two further bases as delays in Boeing Co. (BA) 737
MAX aircraft are expected to slow its traffic growth.
The budget carrier said it will close its bases in Nuremberg,
Germany, and Sweden's Stockholm Skavsta airport and cut summer
capacity in a number of other existing bases.
Ryanair said it has revised its schedule for the 2020 season
based on receiving 10 MAX aircraft rather than 20 as planned. As a
result, the company now expects carry 156 million passengers in the
year ending March 31, 2021 compared with 157 million
previously.
"We are continuing to work with Boeing, our people, our unions
and our affected airports to minimize these capacity cuts and job
losses," Ryanair DAC Chief Executive Eddie Wilson said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
December 04, 2019 07:33 ET (12:33 GMT)
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