Ryanair CEO Michael O’Leary warned that the Irish LCC would have to close bases and cut jobs because of Boeing 737 MAX delays and Brexit uncertainty following a fall in its fiscal first-quarter (Q1) profit. O’Leary attributed Ryanair’s 21% year-over-year drop in fiscal 2020 Q1 net profit to lower fares, especially in the UK and Germany, as well as higher staff and fuel costs. “The MAX delivery delays mean that instead of taking 58 new aircraft for summer 2020 we ...

THIS CONTENT REQUIRES SUBSCRIPTION ACCESS

You must have an Aviation Week Intelligence Network (AWIN) account or subscribe to this Market Briefing to access "Ryanair CEO Warns Of Job Cuts, Base Closures Over MAX Delays".

 

Current Aviation Week Intelligence Network (AWIN) enterprise and individual members: please go to http://awin.aviationweek.com for access.

 

Not currently a subscriber? Click on the "Learn More" button below to view subscription offers.

Already registered? here.