You can be on Entrepreneur’s cover!

'Inexcusable': Ryanair May Have to Cut Summer Schedule, Increase Fares Up to 10% Due to Issues With Boeing Aircraft Boeing was originally slated to deliver 57 aircraft to the airline by the end of April.

By Emily Rella

entrepreneur daily

European discount airline Ryanair is the latest air carrier that's feeling the effects of the mass groundings and inspections of Boeing airplanes.

On Friday, Ryanair CEO Michael O'Leary said during a media briefing that the airline may have to make significant cuts to its summer flight schedule due to Boeing being unable to deliver the 57 Boeing MAX 8200 planes it had promised to the airline on time.

"We don't really know how many aircraft we're going to get from Boeing," O'Leary said, per Reuters. "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."

Related: 'Grateful to be Alive': Passengers Recall Harrowing Moment Airplane Door Flew Off Alaska Airlines Flight

Ryanair was supposed to receive the 57 aircraft by the end of April, but the timeline has now shifted to the end of June.

O'Leary also said that the airline may have to raise the fare of flights as much as 10% during the summer months due to the disruptions with Boeing in an attempt to make up for the cost of the delays with the aircraft.

"They keep giving us optimistic, broken promises … It's inexcusable. Boeing will try to claim that it's excusable. I think we (will) get some modest compensation out of Boeing," O'Leary said regarding the sunk cost of the delays. "At this point our focus is getting the bloody airplanes."

O'Leary's comments come weeks after the Federal Aviation Agency grounded all 737 Max 9 aircraft following an incident on an Alaska Airlines flight where an emergency door panel ripped off of the plane mid-flight.

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

Ryanair's potential cancelations would follow Alaska Airlines and United Airlines, which canceled and delayed hundreds of flights after the FAA ordered the 737 Max 9 ground stop. Together, Alaska and United operate over 170 Boeing 737 Max 9 aircraft.

Related: Boeing Takes a hit after 737 Max grounding

Ryanair had a rough fiscal 2022, which O'Leary attributed to European conflict and other external factors, like the pandemic.

The airline's fiscal 2024 will begin in April.

Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Business News

The 'Silver Tsunami' Meets 'Golden Handcuffs' as Past Low Mortgage Rates Lock in Homeowners — Whether They Like It or Not

The resulting lower supply of homes, and population growth outpacing construction, has led to a 7.2 million home shortage.

Business News

These Are the Busiest Airports in the World, According to a New Ranking

A surge in international and business travel has brought airports back to near pre-pandemic levels of passenger traffic.

Business News

Nike Responds to Criticism Over U.S. Women's Olympic Uniforms: 'Everything's Showing'

The company is the official outfitter for the U.S. Olympic track and field athletes.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.