Ryanair to Increase Fares Due to Boeing Delivery Delays

The airline will cancel flights and reduce summer schedule frequencies after receiving fewer Boeing 737 MAX 8200 planes than expected.

Ryanair warns of higher ticket prices this summer as it faces delays in receiving 57 planned Boeing 737 MAX 8200 aircraft, only getting 40 by end of June.
The delivery delays, attributed to Boeing's production and safety issues, will lead to the cancellation of flights and reduced frequencies on existing routes.
Shares of Ryanair fell 0.7% following the announcement, with passenger traffic expected to drop below 200 million, missing the 205 million target.
CEO Michael O'Leary expresses disappointment but remains supportive of Boeing, confident in resolving the production delays and quality control issues.
Ryanair urges customers to book early to secure the best prices, anticipating constrained capacity and slightly higher air fares in summer 2024.