Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says

Ryanair may get five fewer planes by next summer due to Boeing strike, CEO says


OAG’s John Grant said not all airlines took a hit because of the Summer Games. Among the “winners,” he singled out Ryanair, which significantly increased capacity to Paris this summer.

Jakub Porzycki | Nurphoto | Getty Images

Ryanair Group CEO Michael O’Leary said on Saturday a prolonged Boeing workers’ strike may cut the number of aircraft it receives by next summer to 20 from an anticipated 25.

O’Leary said his low-cost Irish airline, one of Boeing‘s largest customers, was supposed to receive 30 737 MAX aircraft before summer 2025 but Boeing’s operational issues had already brought that number down to 25.

But now, with this week’s Boeing’s workers’ strike further threatening the airplane maker’s turnaround, O’Leary said Ryanair might only receive 20 planes if the strike continues for three to four weeks.

“I have no doubt that Boeing will fix this strike,” O’Leary told Ireland’s Newstalk Radio. “It may take a number of weeks.”

Workers have been protesting all week in Boeing factories in the Seattle area that assemble Boeing’s MAX, 777 and 767 jets.

Boeing has pledged to grow output by the end of the year, after wrestling with supply chain snags and operating a slower assembly line since a Jan. 5 in-flight blowout of a door plug on a 737 MAX 9 jet that heightened regulatory scrutiny.

O’Leary said it would likely take Boeing two to three years to get back on track.

Boeing and union negotiators will return to the bargaining table early next week as the two sides try to end a strike.



Source

European stock exchanges mull 24-hour trading to attract retail investors amid U.S. boom
World

European stock exchanges mull 24-hour trading to attract retail investors amid U.S. boom

European stock exchanges are weighing up the feasibility and demand for 24-hour or out-of-hours trading as retail activity continues to significantly lag that in the U.S. Alex Dalley, head of European cash equities at Cboe Europe — the largest European stock exchange operator — told CNBC they were “closely monitoring” the growing appetite stateside for […]

Read More
Indonesia plans  billion refineries contract with U.S. firm amid tariffs deal, Reuters reports
World

Indonesia plans $8 billion refineries contract with U.S. firm amid tariffs deal, Reuters reports

PT Pertamina oil refinery plant at the port city of Balikpapan in East Kalimantan, Borneo, Indonesia. Bloomberg | Bloomberg | Getty Images Indonesian sovereign wealth fund Danantara plans to sign an $8 billion engineering, procurement and construction contract with U.S. engineering firm KBR Inc to build 17 modular refineries, according to two sources familiar with the matter and an official economic ministry presentation seen by […]

Read More
CNBC Daily Open: Investors dismiss Trump administration’s beef with the Fed — S&P 500 hits new high
World

CNBC Daily Open: Investors dismiss Trump administration’s beef with the Fed — S&P 500 hits new high

U.S. Treasury Secretary Scott Bessent sits to testify before a House Ways and Means Committee hearing on Capitol Hill in Washington, D.C., U.S., June 11, 2025. Elizabeth Frantz | Reuters With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll […]

Read More