Ryanair CEO Warns of Potential 10% Airfare Increase Amidst Boeing 737 Max Delivery Delays
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Ryanair CEO Michael O'Leary warned that airfares could rise by up to 10% this summer due to delays in the delivery of new Boeing 737 Max aircraft. Ryanair had expected to receive 57 Boeing 737 Max 8200 aircraft by March but now estimates only 40-45 may arrive in time for the peak season. The delays will constrain Ryanair's capacity and force it to carry fewer passengers this year, with forecasts revised down from 205 million to around 200 million. Boeing is facing scrutiny over quality control issues following an in-flight incident in January, and production has slowed as regulators inspect plans more closely.