Ryanair Holdings PLC RYANAIR SLOWS S20 GROWTH DUE TO BOEING MAX DELAYS

Data : 04/12/2019 @ 13:00
Fonte : UK Regulatory (RNS & others)
Titolo : Ryanair Holdings Plc (RYA)
Quotazione : 15.6  0.0 (0.00%) @ 01:00
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Ryanair Holdings PLC RYANAIR SLOWS S20 GROWTH DUE TO BOEING MAX DELAYS

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RNS Number : 6557V

Ryanair Holdings PLC

04 December 2019

RYANAIR SLOWS S.2020 GROWTH DUE TO BOEING MAX DELAYS

Nuremberg (2 aircraft) and Stockholm Skavsta (4) to close in March

Ryanair Holdings plc today (4 Dec) updated investors on further delivery delays of the B737 MAX aircraft for summer 2020. Ryanair has again revised its S.2020 schedule based on receiving just 10 MAX aircraft rather than the 20 as previously planned.

As a result, expected traffic growth for FY21 (y.e. 31 March 2021) is cut from 157m guests to 156m. This shortfall in MAX aircraft deliveries will necessitate the closure of two more bases in S.2020; Nuremberg and Stockholm Skavsta. We also expect to cut summer capacity in a number of other existing bases, and we are currently in discussions with our people, our unions, and our affected airports to finalise these minor reductions.

Ryanair DAC CEO Eddie Wilson said:

"We regret these two further base closures and minor capacity cuts at other bases which are solely due to further delivery delays to our Boeing MAX aircraft. We are continuing to work with Boeing, our people, our unions and our affected airports to minimise these capacity cuts and job losses".

ENDS

For further information

   please contact:           Alejandra Ruiz                                              Piaras Kelly 
                                       Ryanair DAC                                                 Edelman Ireland 
                                       Tel: +353-1-9451799                                      Tel: +353-1-6789333 
                                       press@ryanair.com                                       ryanair@edelman.com 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

December 04, 2019 07:00 ET (12:00 GMT)

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